Complying Investment Framework (CIF) Frequently Asked Questions

Undated Home Affairs FAQ on the Complying Investment Framework (PDF created Oct 2021): CIF changes from 1 July 2021 (LIN 21/041 amending IMMI 15/100); 20/30/50 ratios for both Investor and SIV streams; AFS-licensed managers; FoF and IDPS; central management and control; investment held for the visa term (up to 5 years; PR after 3); emerging companies market-cap rule ($500m at first investment; at most 30% of net assets above $500m); VCPE funds (ESVCLP/VCLP); real property definitions and the 10% residential cap; annual independent fund audits from 1 July 2021. No statistics. Added the ratios (for both programmes), the market-cap and real-estate limits, the holding period as rules, and a 1 July 2021 rule-change event. The five-year visa and three-year PR point are already added from the Dec 2020 review report (not repeated). DISER phone number and email are not data.