Subclass 491 Skilled Work Regional (Provisional) visa: Substituting the current 489 visa and commencing November 16, 2019 this visa has 14,000 places allocated per year. The Significant Investor Visa (SIV) offers a four-year pathway to permanent residency for entrepreneurial and high net worth individuals willing to make substantial complying investments in areas of the Australian economy that will drive innovation and the commercialisation of Australian ideas. The correct figure is 183. This is a permanent visa. You become a permanent resident on the day we grant the visa. Editor's note August 30, 2019: An earlier version of this story stated almost 600 significant investor visas were granted in 2017-18. The visa has a travel component that expires 5 years after the date of visa grant. It lets you stay in Australia indefinitely. This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.