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What are the requirements a fund manager needs to meet when working with a Significant Investor Visa (SIV) program applicant?

I am seeking a fund manager in Australia to satisfy the SIV requirements. Are there particular qualifications that the fund manager must meet to work with investors in the SIV program?

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    Lisa De Leon

    Australia Registered Migration Agent
    Answered on

    Investments must be administered through an Investor Directed Portfolio Service (IDPS). The IDPS will be regulated by the Australian Securities and Investment Commission (ASIC), as is required under the Significant Investor Visa and Premium Investor Visa legislation. A Fund Manager should be a licensed financial adviser who specializes in the Significant Investor Visa so that they are familiar with the process for compliance.

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