Hi 3together, just on the need to eventually transfer the balance 0.75m over within 2 years of the visa being granted, is this something explicitly stated in your 188b visa grant letter?
I ask this because I'm looking at the migration regulations, for the permanent 888b investor stream and they do not list this as one of the qualifying criteria. They only state that you need to hold the designated investments for 4 years, and it doesn't seem that they enforce the requirement to transfer the balance 0.75m when eventually assessing for the grant of the permanent 888b visa .
Thanks in advance for any feedback that you can provide!
888.23--Criteria for Investor stream
Note: These criteria are only for applicants seeking to satisfy the primary criteria for a Subclass 888 visa in the Investor stream.
The applicant has been in Australia, as the holder of a visa mentioned in the table in subitem 1104BA(5) of Schedule 1, for a total period of at least 2 years in the 4 years immediately before the application was made.
The designated investment made by the applicant for the purpose of satisfying a criterion for the grant of a Subclass 188 (Business Innovation and Investment (Provisional)) visa has been held continuously in the name of the applicant, or in the names of the applicant and his or her spouse or de facto partner together, for:
(a) if the Subclass 188 (Business Innovation and Investment (Provisional)) visa was granted on the basis of an application made before 1 July 2015--at least 3 years and 11 months; or
(b) if the Subclass 188 (Business Innovation and Investment (Provisional)) visa was granted on the basis of an application made on or after 1 July 2015--at least 4 years.