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Appeal to PiO Members
Hi All
For those of you who are not aware of the problem, with some visa applications lodged before 1st September 2007 it was possible to invest £100,000 in one of the Australian State Treasuries for a year in order to get an extra 5 points. For some people, these bonus points represent the only way into Oz.
There was then a scam involving an Australian Bank and this scheme, known as the Capital Investment Scheme. By Monday 3rd December 2007 all of the State Treasuries had pulled out of the scheme, presumably because the scam had given the scheme a bad name.
The result is that a LOT of people who were relying on the extra 5 points have been left high & dry and 6 months later they have heard exactly nothing about any plans for rescuing them from their predicament.
It is estimated that about 4,000 visa applicants world wide have been caught out, thorugh no fault at all of their own.
I invite everybody to show the affected applicants some support by signing the petition, for which the link is provided in the first post on this thread.
Very many thanks
Gill
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