Mike's Minute: The golden visa was well received, as it should be

The Prime Minister's speech yesterday afternoon, to what I assume was a business audience, was well received.

Another piece of tangible evidence that we are at last trying to get this place moving economically again.

The nomad visa, or digital nomad announcement, was of a similar vein but a mile too late.

Over 60 countries have a similar scheme and, to be honest, if you're on holiday and you open your lap top, are you a visitor or a digital nomad?

Yesterday's golden visa is not a minute too soon for a couple of reasons;

1) The settings from the last Government are bordering on an economic crime.

Prior to Covid, investors brought in money to the value of billions. Post the changes made by Labour, the Prime Minister told us it was about $70m.

It’s a joke. It's almost as though they hated being successful.

2) Simplified categories.

$5m over three years for the riskier investment and $10m for the safer ones.

The other reason we needed to move is because it is likely Peter Dutton in Australia is going to re-introduce a golden visa there. It will have little, if any, requirements outside of money.

He stands a half-decent chance of being Prime Minister in a couple of months.

We simply have to be competitive, which is why we have also dropped the language test. It's not, as the Prime Minister pointed out, because no one can speak English, because they can. It's because we look arrogant and child-like in making people who want to improve the country sit a test.

This isn't school. This is real world business.

The next move, and given our talk with Winston Peters on the show on Friday, I am convinced the speculation that is rife is right. The next step is housing.

Not everyone who invests wants, or needs, to live here. But the Prime Minister's speech contained the thought that once you take the plunge, opportunities arise.

It might be you like the place, it might be you have more money and more ideas, or it might be you want to hang around a while. To do that you need to buy a house.

The foreign ban then becomes absurd.

Stand by for the change to the policy and, like these other moves, not a moment too soon.

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Episode Transcript

Speaker 1 (00:00):
Prime Minister's speech yesterday afternoon to what I assume was
a business audience. I couldn't see it as I watched
it live. It was well received. As my point, another
piece of tangible evidence that we are at last trying
to get this place moving economically again. The Nomad visa
Digital nomad announcement the other day was of a similar vein,
but a mile too late. Sixty plus countries, of course
have a similar scheme already. And to be honest, if

(00:21):
you're on holiday, think about this. I mean you open
your laptop right. Are you a visitor or are you
a digital nomad? Yesterday's Golden Visa is not a minute
too soon for a couple of reasons. One, the settings
from the last government bordering on an economic crime. Prior
to COVID, investors brought in money to the value of billions.
Post the changes made by Labor. The Prime Minister told
us it was about seventy million. It's a joke. It's

(00:43):
almost as though they hated being successful. Two simplified categories
if you've missed it, five million over three years for
a risk of your investment, ten million over five for
a safer one and two the other reason we needed
to move is it's likely Peter Dutton in Australia is
going to reintroduce the Golden visa. There little of any
requirements outside the money he stands, of course, AHAs decent

(01:03):
chance on being the Prime Minister in a couple of
months time. We simply have to be competitive, which is
why we have also dropped the language test, not as
the Prime Minister point it out, because no one can
speak English because they can. It's because we look arrogant
and childlike in making people who want to improve the
country sit a test. This isn't school, it's real world business.
The next move and given our talk with Winston Peters

(01:24):
on the program Friday, I am convinced the speculation that
is rife is right. The next step is housing. Not
everyone who invests wants or needs to live here, But
the Prime Minister's speech contained the thought that once you
take the plunge, opportunities arise. It might be you like
the place. It might be you have more money, more ideas.
It might be you want to hang around for a while.
To do that, you need to buy a house. The

(01:46):
foreign band then becomes absurd. Stand by for the change
to that policy. And like these other moves, not a
moment too soon. For more from the mic Asking Breakfast,
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