A couple shop at a Louis Vuitton store during Vogue's 4th Fashion's Night Out: Shopping Night with Celebrities in downtown Shanghai September 7, 2012. REUTERS/ Carlos Barria
SYDNEY (Reuters) - Australia may ease rules on a visa scheme aimed at luring investment from wealthy Chinese to help clear a backlog of applications and in the wake of complaints that disclosure requirements are too strict, lawyers and migration agents said.
The 18-month-old Significant Investor Visa scheme offers residency to overseas individuals who invest more than A$5 million (£2.75 million) in Australia under a programme the government hopes will eventually raise A$6 billion a year. More than 90 percent of applicants are from China.
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