Australia must axe all retirement visas

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Opposition is building against Peter Dutton’s plan to reinstate a “golden ticket” visa for wealthy investors who commit $5 million to enter Australia.

These visas were abolished by the Albanese government one year ago.

Dutton announced his intention at a Liberal Party fundraiser last month after a migration agent, Min Li, requested he reinstate the significant investor visa, which has helped hundreds of wealthy Chinese migrants over the last decade.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.