Document ID: chunk:federal_register_of_legislation:F2021C00656:body:0:p2
Version: federal_register_of_legislation:F2021C00656
Segment Type: other
Provision Reference: 
Character Range: 3010–6106

prospective member, of the managed investment scheme that the interests will be able to be traded on such a financial market;
          (b)   a listed investment company;
          (c)   a financial product mentioned in paragraph 764A(1)(d), (e) or (f) of the Corporations Act 2001 that may result in a payment from an approved benefit fund (within the meaning of the Life Insurance Act 1995), or a statutory fund maintained under the Life Insurance Act 1995.
managed investment scheme has the same meaning as in the Corporations Act 2001.
registered foreign company means a foreign company, within the meaning of the Corporations Act 2001, that is registered under that Act.
Regulations means the Migration Regulations 1994.
securities means any of the following interests:
           (a)      debentures, stocks or bonds issued or proposed to be issued by a government;
           (b)      shares in, or debentures of, a body;
           (c)      interests in a managed investment scheme;
           (d)      units of such shares;
           (e)      options to acquire by way of transfer any of the interests mentioned in paragraphs (a) to (d);
but does not include derivatives other than the options mentioned in paragraph (e).
venture capital fund means any of the following bodies:
           (a)     a venture capital limited partnership conditionally registered, or unconditionally registered, under the Venture Capital Act 2002;
           (b)     an early stage venture capital limited partnership conditionally registered, or unconditionally registered, under that Act;
           (c)     an Australian venture capital fund of funds conditionally registered, or unconditionally registered, under that Act.
visa means a Subclass 188 (Business Innovation and Investment (Provisional)) visa granted in whichever of the following streams is relevant:
           (a)     the Significant Investor Stream;
           (b)     the Significant Investor Extension Stream;
           (c)     the Investor Stream.

4A Application and savings provisions
       (1)The amendments of this instrument made by Schedule 1 to the Migration (Complying Investments) Amendment Instrument (LIN 21/041) 2021 apply to:
(a) an applicant who is invited to apply for a Subclass 188 visa if the invitation is made after 30 June 2021; and
(b) an applicant who applies for a Subclass 888 visa where the applicant was invited to apply for a Subclass 188 visa after 30 June 2021.
       (2)Part 3 of this instrument, as in force immediately before the commencement of Migration (Complying Investments) Amendment Instrument (LIN 21/041) 2021, continues to apply to an application for a Subclass 888 visa if the applicant holds a Subclass 188 visa in the Premium Investor stream that was granted or applied for before 1 July 2021.

5 Compliance with this instrument
       For subregulation 5.19C(6) of the Regulations, the requirements for an investment applying at any particular time are that the investment complies with all requirements under this instrument that are applicable at that time.
Note 1 Regulation 5.19C