Australia halts ‘Golden Visa’ under broad migration overhaul

Australia has paused applications for the Significant Investor program as part of an immigration policy overhaul. The move is aimed at enticing more skilled migrants and addressing concerns about the abuse of investor visas and their limited benefits to the economy. Australia posted exceptionally strong immigration in the year through June 2023, with more than 500,000 people entering the country over a 12-month period.