Migration (Securities in which an investment is a designated investment) Instrument (LIN 23/018) 2023 dated 28 March 2023, repeals Migration Regulations 1994 – Securities in which an investment is a designated investment for the purposes of Subclasses 162, 165, 188, 405, 888, 891 & 893 –IMMI 12/106; and specifies security issued by an Australian Government State or Territory government authority as a security in which an investment is a designated investment for the purposes of certain visas.
The instrument specifies a list of securities as well as their issuing authority, the investment in which will be regarded as designated investment for the purposes of:
- Subclass 188 (Business Innovation and Investment (Provisional)) visa,
- Subclass 405 (Investor Retirement) visa,
- Subclass 888 (Business Innovation and Investment (Permanent)) visa,
- Subclass 891 (Investor) visa, and Subclass 893 (State or Territory Sponsored Investor) visa.
| Item | Security | Issuing Authority |
| 1 | Government Bonds of Victoria | Treasury Corporation of Victoria |
| 2 | NSW Treasury Bonds
Waratah Bonds | New South Wales Treasury Corporation |
| 3 | Queensland Bonds | Queensland Treasury Corporation |
| 4 | Queensland Industry Bonds | Queensland Industry Development Corporation before 1 December 1996 |
| 5 | TASCORP Inscribed Stock | Tasmanian Public Finance Corporation |
| 6 | Territory Bonds | Northern Territory Treasury Corporation |
| 7 | Western Australian State Bonds | Western Australian Treasury Corporation |
| 8 | South Australian Government Financing Authority Bonds | South Australian Government Financing Authority |
The Subclass 405 visa is closed to new applications, however there are still applications in progress. From 1 July 2021, as a result of amendments made by the Home Affairs Legislation Amendment (2021 Measures No. 1) Regulations 2021, applicants for the Subclass 188 visa in the Investor stream are no longer required to make a designated investment except those, whose applications were made before 1 July 2021 and those applications are still in progress.
The instrument does not specify the Subclass 162 (Investor (Provisional)) visa and the Subclass 165 (State/Territory Sponsored Investor (Provisional)) visa, which were earlier specified in IMMI 12/106 as theses subclasses are closed to new applications and there are no applications in progress.
The instrument is registered on the Federal Register of Legislations on 30 March 2023 and commenced on 31 March 2023. It is currently in force.
To access the instrument, click here.
