本平台将致力于为您提供与您在澳洲的投资项目相关的法律信息与服务、同时也会将与中国企业及个人投资者热切关注的产业相关澳洲新闻、最新行业规定等讯息及时传递给您。

澳大利亚政府提出了一系列将于2015年7月1日生效的对于重大投资者签证（SIV）的政策变化。SIV对于投资者仍将维持向澳大利亚投资500万澳元的要求。

特级投资者签证

除了SIV签证，拟议引入的“特级投资者签证”（PIV）也将于2015年7月1日起生效。该项目要求申请者满足至少1500万澳元的对澳投资金额。澳大利亚贸易委员会(Austrade)将负责特级投资者签证的提名。而测评将会针对每个独立个案来进行。PIV签证计划的目的是吸引更多符合国家的、州或领地的优先投资目标的商务人士来澳洲进行投资。该种投资类别相对比较灵活，但是根据提议，对住宅地产的投资将不再符合要求。

SIV 拟议变化

政策的拟议变化如下：

• 澳大利亚贸易委员会(Austrade)将和各州/领地政府一样具有SIV提名资格。

• 针对SIV的新要求的执行过渡安排还未最后确认。因此对于在何时之后递交的申请将按照新的政策来执行目前尚不明确（例如申请是否必须在2015年7月1日之前递交从而以老政策为依据，亦或该分界日期是否会被定为在整个申请过程后期阶段中的一个节点等）。

• 至2015年1月31日为止，自SIV项目设立以来，澳洲政府共发放651份SIV签证，收到1527份申请提交。已发出的签证中50%以上涉及在维州进行的投资。

政府目前出台了一系列针对合规SIV投资的拟议政策变化。以下为您列出了当前的SIV要求以及有关的拟议变化：

目前的SIV投资组合规定

*合格的管理基金投资包括：

• 澳大利亚的基础建设项目。

• 澳大利亚吸收存款的机构所持有的现金。

• 联邦政府、州政府或领地政府发行的债券。

• 澳大利亚证交所上市（或预计将于12个月内上市）公司及信托公司的债券、证券、混合债券或其它公司债务。

• 澳大利亚地产。

• 澳大利亚农业资产。

• 澳洲注册寿险公司发行的年金。

• 用于投资组合管理及非投机性用途的衍生品（占管理基金总值比例不得超过20%）。

• 依据上述投资类别，经抵押的贷款（衍生品工具除外）。

• 投资于上述投资产品的符合澳大利亚证券投资委员会（ASIC）监管要求的其它管理基金。

拟议的SIV投资组合规定

风投基金

• 投资于注册在澳大利亚的组织结构为有限合伙的风投基金。

• 该基金是注册在澳洲产业“早期风投有限责任”和“风投有限责任合伙企业”项目下基金。

• 每位投资人持有的基金份额不得超过30%。

小型/微型股基金

• 基金投资于不少于20家公司。

• 基金管理人至少管理1亿澳元的基金。

• 被投资公司必须在澳洲交易所挂牌、并在基金投资时的市值不超过5亿澳元。

• 对于一个被投资公司的投资金额不得超过基金净值的10%。

• 当市值发展到5亿澳元以上时，被投资公司总共可拥有上至30%的基金净资产。若再超过，就基金就必须从中将超出部分撤资。

合理投资

• 政府债券 — 不允许

• 私人公司 — 不允许

• 管理基金 — 允许*：

• 基金经理须不受申请人及其配偶的支配。

• 基金管理人必须管理基金中至少1亿澳元的资金。

• 投资于住宅地产的资金必须少于被管理的基金净值的10%。

• 衍生工具只能用于风险控制。衍生工具与现金产品比例不得超过基金净值的20%。

  
  

*合格的管理基金投资包括：

• 澳洲交易所上市公司、澳洲地产投资信托基金、基建信托基金、优先股、可转换债券、公司发行的浮动利率债券

• 澳大利亚发行的公司债券

• 澳大利亚友好型社会保险债券

• 澳大利亚注册的寿险公司发行的递延年金产品

• 澳大利亚商业和工业地产

免责声明

本出版物中的信息为一般性质，不针对任何特定的个人或实体的情况。我们致力于提供准确和及时的信息，但尽管如此，我们并不保证本出版物中的信息在您收到的当日是准确的、以及在将来还是准确的。

我们不负责在本文中任何链接或参考资料中信息的准确性、并且不承担任何与使用这些原始信息而引起的相关责任。

作者：豪力合伙人丘春利(Adeline Hiew)

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【专业干货——助您成功投资澳洲业务】

欲查阅之前我们发布的如下【在澳经商基本法律法规】主题系列以及与您生意相关的其他资讯，请进入订阅号点击右上角按钮，选择“查看历史消息”：

· 在澳大利亚成立公司须知

· 澳大利亚相关背景，例如包括澳大利亚政府制度、法律制度、企业结构

· 其他常见领域法律与规定，例如技术与知识产权保护、反垄断和消费者保护法、合同法、公开接管、电子商务、商业移民和雇主担保签证、房地产、环境法等

· 专业信息与见解，如对外商投资的监管要求等

（原创文章，欢迎转发，谢谢关注！未经授权，严禁转载！）

Significant Investor Visa Program Changes

The Australian Government has proposed a number of changes to the Significant Investor Visa (SIV) Program, to be effective 1 July 2015. The SIV will still require a AUD$5 million investment to be made in Australia.

Premium Investor Visa

In addition to the SIV, it is proposed that a Premium Investor Visa (PIV) will also be offered from 1 July 2015, which will require a AUD$15 million investment in Australia. Austrade will be responsible for recommending applicants for the PIV. The assessment will be made on an individual basis. The PIV is aimed at attracting business skills to Australia which are aligned to National or State and Territory investment priorities. The categories of investment type are flexible however it is proposed that residential real estate will be excluded.

SIV Proposals

Under the proposed SIV changes:

• Austrade will also be one of the referring agencies able to make recommendations for the SIV (in addition to the current bodies, being the States and Territories).

• Transitional arrangements for the implementation of the new SIV requirements have not been finalised. It is uncertain what the cut off point for lodgement of applications will be (eg whether the application needs to be lodged before 1 July 2015 in order for the old regime to apply, or whether the cut off point will be at a later stage of the SIV application process).

• As at 31 January 2015, 651 SIV’s have been granted and 1,527 applications lodged since commencement of the SIV program. Over 50% of visas granted have been in relation to investment in Victoria.

There are a number of proposed changes to permitted SIV investments. The current SIV requirements and the proposed changes are set out as follows:

Current SIV investment mix

*Permitted investments for managed funds:

• Infrastructure projects in Australia.

• Cash held in Australian ADIs.

• Australian Government bonds.

• Bonds, equity, hybrids or other corporate debt in companies and trusts listed on any Australian stock exchange (or expected to be listed within 12 months).

• Real estate in Australia.

• Australian agribusiness.

• Annuities which are life policies issued by an Australian registered life company.

• Derivatives used for portfolio management and non speculative purposes (which are not more than 20% of the total value of the managed fund).
  

• Loans secured by mortgages over the investments listed above (other than derivatives).

• Other ASIC regulated managed funds that invest in the above list of investments.

Proposed SIV investment mix

Venture Capital Fund

• Investment in Australian venture capital limited partner fund.

• Fund must be Australian Industry registered under the Early Stage Venture Capital Limited and Venture Capital Limited Partnership programs.

• Each investor can own no more than 30% of the Fund.

Small/Micro Caps Fund

• Minimum 20 investee companies.

• Fund manager must manage at least $100 million funds under management.

• Investee company must be Australian exchange traded with a market capitalisation <$500 million at time of purchase by the fund.

• Investment in the investee company must not exceed 10% of the fund’s net assets.

• Up to 30% of the fund’s net assets can be held in investee companies who have grown their market capitalisation above $500 million. Divestment is required of the excess.

Balancing Investment

No— Government Bonds

No— Pty Company

Yes—Managed funds*:

• Fund manager must be independent of the applicant and their spouse.

• Fund manager must manage at least $100 million in funds under management.

• Investments in residential real estate must be less than 10% of the managed fund’s net assets.

• Derivatives used for risk management only. Derivatives and cash must not exceed 20% notional exposure of fund’s net assets.

*Permitted investments for managed funds:

• Australian exchanged listed companies, Australian real estate investment trusts,

• infrastructure trusts, preference shares,

• convertible bonds, corporate issued floating rate notes.

• Australian issued corporate bonds.

• Australian friendly society insurance bonds.

• Deferred annuities issued by Australian

• registered life companies.

• Commercial and industrial property in Australia.

Disclaimer

The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this publication is accurate at the date it is received or that it will continue to be accurate in the future.

We are not responsible for the information of any source to which a link is provided or reference is made and exclude all liability in connection with use of these sources.

Author : Adeline Hiew – Partner at Holding Redlich

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【We provide excellent expert advice to businesses wishing to invest in Australia.】

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· Business set up in Australia, business structures, company administration, etc.

· Background informationof Australia, including Australian government, legal system, and business structures, etc.

· Laws and regulations in various common areas, including protection of technology and intellectual property, anti-trust and consumer law, contract law, business migration, realproperty, public takeovers, and electronic commerce etc.

· Professional industrial updates and insights, such as regulation on foreign investment