Tag #Bill Browder

What are the long-term implications for Australia's international reputation and security if the "golden visa" program is reinstated?

Reinstating the "golden visa" program would likely attract individuals seeking to launder money or gain illegitimate influence, potentially harming Australia's reputation and security. The economic benefits touted by proponents must be weighed against the significant risks of corruption and foreign interference, especially considering the Productivity Commission's estimate that replacing these investors with skilled migrants would boost the economy by $2.5bn to $3.4bn. This decision carries long-term implications for Australia's integrity and international standing.