Rich migrant changes make little sense

The government has a long line of wealthy investors wanting to come to Australia for four years. So why introduce a one-year plan for some to jump that queue?

The Australian government plan to sell a 12-month “pathway to permanent residency” to business migrants for $15 million seems to be a policy at odds with itself.

The new premium investor visa (PIV) was announced as a part of Tony Abbott’s Industry Innovation and Competitiveness Agenda, and will be introduced from the start of next financial year.

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