Fund managers and migration agents are concocting "non-genuine" applications for Australian visas targeted at wealthy Chinese investors, in behaviour that has been flagged to the government as it reviews the contentious $12 billion “golden ticket” program.

The Western Australian government’s Small Business Development Corporation (SBDC) said it had “identified and reported a number of integrity risks” associated with the suite of visas available to potential migrants under the Australian government’s business innovation and investment program.