The dark edge of Australia’s ‘golden ticket’ visa
Australia’s significant investor visa scheme has raked in $12 billion from people flocking to our shores. Occasionally, things go wrong.
T he woman was a moneyed migrant from Malaysia who suffered cruel turns of fate. Her husband passed away in 2009, leaving her an investment portfolio of $7 million, and then her eight-year-old daughter was tragically killed when flung from an amusement park ride in Adelaide.
They are among details listed in a Federal Court lawsuit against stockbroking outfit Morgans, which the woman sued for alleged botched oversight of her special significant investor visa.
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