Changes to the migrant investor policy will come into effect in May 2017.
The changes include:
-Doubling the funds Investor 2 migrants must invest to $3 million
-Removing the need for Investor 2 migrants to hold $1 million in settlement funds
-Recognising higher levels of business experience and English language skills through changes in the points system
-Increasing the annual cap of approved Investor 2 migrants from 300 to 400.
-Rewarding investment in growth
-oriented investment with incentives such as bonus points, priority processing, and a financial discount.