lyse

I agree Joanne I am also tired of guessing and just want the official decision at this stage.

Gazzap

Yes, definitely not me!

But in my opinion, in some way they are going to have to cover new ground, to resolve this, as I'm sure this must be pretty much an un-precedented situation anyway. Hence the delay (I assume).

mcts

I have this thing on whata new section -- what does this mean?


Capital Investment Scheme – 16 May 2008
Find out about changes to the Capital Investment Scheme affecting applicants who applied for GSM visas prior to 1 September 2007 which was last updated on 27 May 2008.

p031642

Ya. Make me curios too. I can't find any news update on it ? Can any one ?

ex_exile

looks like they forgot to publish the link but it sounds like there is some news

mcts

can Allen or George give us some information about this thing ?

Alan Collett

Yes - when we have something to report.

I enquired of Central Office 3 hours ago as to the new text on the DIAC website, and await a reply.

Best regards.

George Lombard

No I spoke to the key person in the Department after that date and she was saying nothing - a bit like Sergeant Schultz in Hogan's Heroes, "I know nothing, I know nothing"... Just have to wait guys. Hope the Minister has a good explanation for the delay, the longer it goes the more deserving you all become.

Cheers,

George Lombard

MontyMon

Might be missing something here, where is this link from??

Joannec2014

They seem to have posted the text now...

Capital Investment Scheme for pre-1 September GSM visa applications – 27 May 2008

The Department is currently considering options for applicants affected by the withdrawal of the States and Territories from the Capital Investment scheme.

There will be an update provided on the ‘What’s New? Recent Changes in General Skilled Migration’ page when a decision is made.

Prior to 1 September 2007 GSM visa applicants could earn 5 bonus points if they deposited at least $100,000 in a designated security for a term of not less than 12 months. The NSW, Queensland and NT Treasury Corporations and the SA Government Financing Authority had been State and Territory authorities participating in these arrangements (the Western Australia Government withdrew from 1 July 2007).

Each of the participating States and Territories have notified the department of their withdrawal of support for the use of treasury bonds for this purpose. This means that no State or Territory will issue a security in which an investment is a ‘designated security’. There is no compulsion on States or Territories to participate in the scheme. Whether the State or Territory government authorities actually issue a security is ultimately a matter for them to determine.

The new visa arrangements for the GSM Program introduced from 1 September 2007 did not include the provisions for the lodgement of designated securities. The closure of the arrangements will only affect visa applications lodged before 1 September 2007.

geelong

Thanks Joanne. Nothing new there then.

Tom_VI

Hi,
I am checking immo.gov.au nearly every day now but except from the updating of the date nothing changed regarding our issue.:curse:

lyse

Yes nothing new there but if you read it carefully it says "it is ultimately up to" the states to decide whether they will accept the investments. I wonder if there is a chance that some will elect to do this?

buzzersdownunder

Hi Guys where is this link??

lyse

It's from the e-mail update that you receive when you send a blank mail to [email protected]

The text has been there for weeks so nothing new.