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AAP

Politics

Tess Ikonomou

Golden ticket visa for big-spending investors shelved

Australia Clare ONeil Mick Tsikas Labor

A visa program that allowed wealthy investors to buy their way into Australia has been dumped. (Mick Tsikas/AAP PHOTOS)

A visa program allowing wealthy investors to buy their way into Australia has been dumped under a review of the nation's migration system.

The Albanese government has paused applications for the significant investor visa, which fast-tracks the process for skilled migrants if they invest $5 million in Australia.

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