Rich to jump immigration queue

MILLIONAIRE immigrants may be able to cruise through the process of becoming Australian residents in return for investing in the economy.

The Significant Investor visa would ideally encourage more money to be injected into the country as they must have a cool $5 million to spend.

Minister for Immigration Chris Bowen and Minister for Financial Services Bill Shorten announced the reforms which he hoped would deliver cashed-up investors and entrepreneurs.

"Our migration program is important to our economy, not only in the area of skills but also innovation and capital investment," Mr Bowen said.

"This new visa will make it easier for investors coming to Australia by offering some concessions on visa requirements - such as not having to meet a points test and reduced residence requirements - in recognition of their meaningful investment contribution."

"Investor options under consideration include state and territory bonds, Australian Security Investment Commission (ASIC) regulated managed funds and direct investment into Australian companies."

The visa will work by helping newcomers become permanent citizens if they have money to invest.

For those able to tick that box, their applications to become residents would become easier if they have a background in "business innovation".

Extra time will be also given to those on provisional visas if they feel they want to extend their stay to build their business.

The visas will come into use from July 1.

Topics:  chris bowen immigration investment

Don't close the gates on our history

NOT HAPPY: The Gillespie clan want to see the original Glengallan Homestead gates returned to the historical site. Pictured: Barbara Gaden, Susan Gaden, Adam Bayes, Sarah Bayes, Julia Gilroy, Jill Wrathcall, Peter Ryall, Jenny McMurray and Bob Gaden.

Calls are being made to return the Glengallan Homestead gates.

The case of the wandering Shetland Pony

The Warwick Pound.

Now, she wants to know, is it yours?

Massive closing down sale at RM Williams Warwick

Today is the last day RM Williams will be open in Warwick.

Local Partners

Australia Day Award nominations now open

ALL those who know someone who has made an outstanding contribution to the Warwick community is encouraged to nominate them for an Australia Day Award.

Former Split Enz front man Tim Finn finds new niche

Singer Tim Finn has written the music for theatre production Ladies in Black.

Musician finds his way to theatre

Former Warwick State High student is second

Victorian rider and former Warwick High student Lee Kimber (right) goes for his beast at the Warwick Rodeo.

Former Warwick High student to compete in national finals

13 things to do on the Southern Downs this weekend

Darcy Meek (left) is the early leader in parkrun on Saturday before being first man home.

Photo Gerard Walsh / Warwick Daily News

Here's a list of 13 things to do this weekend.

Leonardo DiCaprio nearly drowned while filming

Actor Leonardo DiCaprio

Oscar winner almost drowned in Galapagos

Miranda Kerr to wed next year

Supermodel Miranda Kerr

Supermodel and Snapchat founder to wed

What's on the small screen this week

Georgia Love pictured in a scene from The Bachelorette finale.

TWO big reality shows wrap up this week while

Brad Pitt won't file legal response to divorce petition

Brad reportedly refused to send off the paperwork

Azealia Banks won't take legal action against Russell Crowe

Rapper Azealia Banks

Rapper drops legal action against Russell Crowe

Brad Pitt meets with his kids amid divorce proceedings

Actor Brad Pitt

Brad Pitt has met up with his oldest son Maddox

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

What our mayor thinks of the new draft SEQPlan

The plan to use the innovative technology as part of the new Maroochydore CBD was cemented on site today when Mayor Mark Jamieson and Envac Asia Region president Chun Yong Ha formally signed the contract for the $20 million underground waste collection system.

New plan accommodates Sunshine Coast Council's vision for growth.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track