July 1st marks the first day of the new fiscal year in Australia. Conventionally, the Department of Home Affairs announces immigration quotas for various categories for the new fiscal year at this time. However, due to the pandemic this year, the federal government has not yet officially announced the overall quotas for 2020-2021, and state governments are currently unable to open nominations for various immigration visa categories.
During this unprecedented time, it is normal that the Australian government, considering various factors, has postponed the release of the new fiscal year's immigration quotas. However, investors should not be misled into believing that Australia's immigration doors have closed or that immigration applications are no longer being accepted.
We are confident that once the pandemic is reasonably under control, the Department of Home Affairs will announce the immigration quotas for 2020-2021, followed by the rapid opening of state nomination channels. We encourage those preparing to apply for Australian immigration to remain patient while waiting for the quotas to be released.
As you are aware, Australian immigration policies have been subject to continuous adjustments in recent years, and investment migration visas have consistently been in high demand. Typically, once quotas are released for the new fiscal year, they are highly sought after. We recommend that applicants conduct comprehensive planning in advance and submit their applications as soon as the channels open to secure their status early.
As a traditional immigration destination, Australia has always been popular among investors. Judging from the evolution of Australian immigration policy over the years, the entry threshold has been continuously raised, and policies have continued to tighten. The Significant Investor Visa (SIV) 188C is currently a preferred Australian immigration program for high-net-worth individuals from China. Applicants who meet the AUD 5 million investment requirement can apply for immigration to Australia for their whole family and enjoy the benefits of the Australian healthcare system. Upon attaining Australian residency status, children can receive a high-quality education and access broader international opportunities for development.
Worldway Group advises all investors interested in immigrating to Australia to plan as early as possible. Once quotas open, secure your spot promptly to ensure an early application and status acquisition. In the 2020 Health Planning Year, prioritize health planning and secure your status first. For more details, please contact the Worldway Group service hotline: Mainland China: 400-138-2929; Hong Kong: (852) 2802 8798