Australia has ended its “golden visa” scheme, which granted those who invested more than AU$5 million (£2.6 million) into the country the opportunity to gain permanent residency.

Since its launch in 2012, thousands of Significant Investor Visas (SIVs) have been granted with 85 percent of successful applicants being from China, however, “it has been obvious for years that this visa is not delivering what our country and economy needs,” Australia’s Minister f...