ACBC WA Premium Investor Visa Investor Framework Submission to Hon Andrew Robb AO MP Minister for Trade and Investment
The Australia China Business Council (WA Branch – “ACBC WA”) welcomes the opportunity to make this public submission to Austrade for consideration on the complying investment framework for the Significant Investor Visa (SIV) and Premium Investor Visa (PIV) programs.
This Submission was prepared by members of the ACBC (WA Branch) Executive Committee.
Western Australia enjoys a strong partnership with China and is thriving on a trade and investment relationship built upon the export of minerals, energy, agricultural goods and education services and Chinese investment in the Western Australian resources sector.
Western Australia accounts for over 70% of Australia’s total merchandise exports to China in 2011 and 80% of China's investment into Australia over the last five years. With more than 320 member companies, ACBC WA has played a leading role in promoting the business relationships between Western Australia and China. WA represents a wide variety of businesses actively involved with China.
In May 2014, Assistant Minister for Immigration and Border Protection, Senator the Hon Michaelia Cash announced that the SIV program had been highly successful, with more than 90% of applicants being from Mainland China. The ACBC WA is of the opinion that a large, if not majority share of PIV applicants will likewise be from the Greater China region.
In is in this light that the Australia China Business Council clearly has some worthwhile input in the matter.