RACC Australia

Australian Government is reforming the Business Innovation and Investment Program (BIIP) to create more Australian jobs, promote the growth of key sectors and support Australia's economic bounce back from the COVID-19 pandemic.

Over $15.9 billion has been invested into the Australian economy since 2012 and the changes have taken effect from 1 July will see this figure continue to increase.

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Key changes that came into effect from 1 July 2021:

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• The investment amount for the Investor stream will increase from $1.5 million to $2.5 million. The investment amount for the Significant Investor stream will remain at $5 million.

• The Complying Investment Framework (CIF) will be applied to both investment streams—Investor and Significant Investor.

• The venture capital and private equity component of the CIF will be increased from 10 to 20 percent, with a further 30 percent dedicated to emerging companies.

• The balancing investment component will be reduced from 60 to 50 percent.

• Funds will be required to provide annual independent audit reports showing their compliance with the CIF.

• The use of Fund, debentures and derivatives will be clarified in the CIF.

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In summary, from 1 July 2021 the following CIF ratios will apply to both the Investor and the Significant Investor streams:

• 20 percent venture capital and Private Growth Equity funds (VCPE)

• 30 percent funds investing in emerging companies

• 50 percent in balancing investments

 

Why choose RACC?​

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• 20 years of experience

• We can help you with applying for all Visa and Courses

• No service charge for student visa application*

• 4.9 out of 5 customer satisfaction (Google Rating)

• Our Team speaks multiple languages: 
  English, Mandarin, Cantonese, Indonesia, Malay, Bangla, Tagalog, Vietnamese, etc.​

After a successful run and increased Visa grants in the 2020-21, the quota for 2022 remains at a high level and we expect that a lot of Business Visas will be granted in the coming months.