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ABC News

National

political reporter Henry Belot

Australia's significant investor visa set to be scrapped under migration changes

Australia Clare ONeil Andrew Martin

A controversial program that provides visas to those who invest at least $5 million in Australia is all but certain to be scrapped in next month's budget.

More than 2,000 people have been granted significant investor visas (SIV) since 2012, with 85 per cent coming from China and 3.6 per cent from Hong Kong.

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