Closure of Capital Investment Scheme on 31st October 2009

Published on August 6, 2009 4:24 PM

(This is relevant only to pre 1st September 2007 GSM applicants)

The South Australian Government Financing Authority (SAFA) has announced that from the 31st October 2009 it will not accept any further applications from General Skilled Migration (GSM) applicants who wish to lodge a capital investment to gain 5 bonus points.

The capital investment scheme using SAFA was re-opened on 29th January 2009.

DIAC says it has contacted all applicants whose cases had been assessed and who indicated they intended to lodge a capital investment.

Any applications who have indicated 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. No additional time will be given to applicants to make a capital investment.

This also applies to applicants who have appealed to the Migration Review Tribual (MRT) and to applicants seeking judicial review.