Australian Immigration Daily News

NSW’s Deputy Premier, Andrew Stoner announced in Shenzhen over the weekend that NSW’s $5 million SIV requirements will change. Going forward there will be no need to invest 30% or $1.5m in NSW Government Waratah Bonds.

We will provide more details from the NSW government as they become available. In the interim it may be a good time to revisit your clients who are invested in Waratah Bonds. Also a good talking point for those clients looking at getting Victorian sponsorship because they did not like NSW’s 30% mandatory bond requirement.

Linked story: http://migrationalliance.com.au/immigration-daily-news/entry/2014-08-nsw-announces-5-mill-siv-will-change-no-30-investment-and-no-1-5-mil-in-waratah-bonds.html