Closure of the Capital Investment Scheme on 31 October 2009

From 31 October 2009, the South Australian Government Financing Authority (SAFA) has announced it will not accept any further applications from General Skilled Migration (GSM) applicants who wish to lodge a capital investment, as it will close the scheme.

Since the announcement of the reopening of the capital investment scheme by SAFA on 29 January 2009, the department has contacted all applicants whose cases had been assessed and who indicated they intended to lodge a capital investment.

Any applicants who have indicated on their application form that they intend to lodge a capital investment, but have not yet done so, are advised to finalise their capital investment before the scheme is closed.

Applicants who did not indicate on their application form that they intended to lodge a capital investment, but now wish to do so because they will be relying on the five bonus points to meet the Point Test, should also contact the department and finalise their capital investment before the scheme is closed.

This is the final opportunity for all pre 1 September 2007 GSM applicants to lodge a capital investment. As there will be no further capacity for applicants to make a capital investment to gain the bonus five (5) points, the department will not provide applicants any additional time to make a capital investment once the scheme offered by SAFA closes. Please note that this also applies to those applicants who have appealed to the Migration Review Tribunal (MRT) and those applicants seeking judicial review.

Applicants who still intend to make a capital investment are strongly urged to do so before 31 October 2009.

Please note that only SAFA provides an approved designated security that enables an applicant for a pre-1 September 2007 GSM visa to be awarded bonus points for making a capital investment.

For more information  :  http://www.immi.gov.au/skilled/general-skilled-migration/capital-investment-scheme-faqs.htm

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Bringing Australia to life in the UK – G’Day UK 2009

G’dayUK 2009 is a series of events positioning Australia as an innovative and thriving economy. The aim is to encourage British companies and consumers alike to take another look at Australia as a great place to invest in, work, holiday, do business with and generally get to know.

By highlighting the unique range of skills, resources and opportunities offered by Australia, the heavy-weight burst of activity aims to reinforce business and consumer partnerships between the two nations by focusing on four main areas: trade & investment, food & wine, migration and tourism.

Whilst G’dayUK has a serious message, the week will also be a vibrant celebration of uniquely Australian products, people, places, businesses, skills and attitude and an invitation for the British to get involved. A stellar cast of well-known Australians, including politicians, business leaders, artists, winemakers and chefs will showcase Australia as a modern, energetic and desirable business and leisure destination.

G’dayUK 2009 is supported by the New South Wales, Queensland, South Australian, Victorian and Western Australian State Governments, Australian Trade Commission, Qantas and Tourism Australia in conjunction with the Department of Foreign Affairs and Trade, Wine Australia, Australian Business and key private sector sponsors.

G’Day UK 2009 is a chance for Australian celebrities, governments, businesses and agencies to show off the sunshine in Australia.

Two week’s worth of events will showcase Australia as a place of investment, tourism, business, and more importantly, as a prime destination for skilled migrants.

The G’Day UK Week will begin with a Manchester Migration Open Day on the 21 June, and will end with tasting premium Australian wines and Australian-themed food and wine menus cooked by Michelin-starred chefs on the 4 July in Selfridges, Oxford Street, London.

All information at http://www.gday-uk.co.uk/events

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