Aust. Govt seeks businessmen

Press, 9 June 1982, Page 11

Aust. Govt seeks businessmen

NZPA Canberra The Australian Government has begun advertising, throughout Asia for successful business people to take up permanent residence, in a similar move to New Zealand's “entrepreneurs" immigration policy. New Zealand encourages wealthy overseas business people' to immigrate, and bring into the country large amounts of capital. The first Australian advertisements have appeared in the “Far Eastern Economic Review." the Asian “Wall Street Journal." and in “Asian Businessweek." A full-page advertisement in the "Far Eastern Economic Review" advised that “the' best way to get your share of the Australia market is to become part of it?' It says that the “business migration programme" may allow “people of flair and proven enterprise" to qualify for permanent residence in Australia. Immigration officials here said that the advertisements

were run for the first time, on May 18. It was a pilot study directed at the Asian market, although similar programmes encouraging the migration of entrepreneurs had been actively promoted in-the past in Europe and North America. The' first advertisements had brought about 30 inquiries. which one official described as encouraging. He said that the businessmen and women being sought were those who would bring to Australia new technologies, create employment, and open up export markets in Asia.

They would need to be able to. show that they had sufficient capital and experience to carry out what they proposed and they must also actively engage in the enterprise a’nd not simply invest money in Australia. The capital must be their own and notborrowed and must be intended to remain in Australia without profits being repatriated.