Australia has taken steps to boost a visa scheme aimed at luring investment from wealthy Chinese, including speeding up approvals and expanding investment avenues, after complaints that disclosure requirements were too strict. The two-year old Significant Investor Visa (SIV) scheme offers residency to overseas individuals who invest more than AUD5 million in Australia under a program the government hopes will eventually raise AUD6 billion a year. Since the scheme was introduced in 2012, more than 90% of applicants have come from China. Australia also offers residency to those who invest AUD15 million for one year.