"Sufficient Funds for Settlement" - Guidance needed for QLD

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"Sufficient Funds for Settlement" - Guidance needed for QLD


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Old 03-13-2010, 04:21 PM
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"Sufficient Funds for Settlement" - Guidance needed for QLD

Hi all,

I've been searching all over the internet for some guidance on this... What constitutes 'sufficient funds for settlement'? I've heard that Queensland won't accept assets current held in property, but can't find anything to confirm this. The figure of AUS$27k of 'liquid assets' was mentioned but I can't find any info anywhere. Can anyone point me in the right direction? Or tell me their experience of QLD state sponsorship - this is our only option since the MODL disappeared!

Thanks
Nickyc


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Old 03-14-2010, 02:00 PM
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Does anyone know if share certificates would count as 'liquid assets'?
Thanks,
nickyc


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Old 03-15-2010, 02:50 AM
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Quote:
Originally Posted by nickyc View Post
Does anyone know if share certificates would count as 'liquid assets'?
Thanks,
nickyc
What's stated on the Queensland Sponsorship application form is that they would expect people to have given consideration to what settlement costs might be and that'll obviously vary for a couple as against a sizable family.
It makes reference to what your financial situation would be if you did not find employment for 3-6 months.
A link to Thinking about moving to Queensland and a further link there will give some background to quite a few aspects of settlement, a site like www.domain.com.au might help with an idea of accommodation rental costs.
$27,000 to me seems like a reasonable ammount for basic living costs for up to six months.
The main thing rather than an exact ammount is that you've put some thought into financially budgetting for settlement.

I'd think that quality share certificates would be considered assets as shares are usually able to be readily liquidated.





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Old 03-15-2010, 08:00 AM
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Thanks Wanderer. Will give it a go.


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Old 08-18-2010, 06:26 PM
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Quote:
Originally Posted by nickyc View Post
Does anyone know if share certificates would count as 'liquid assets'?
Thanks,
nickyc
As per my little knowledge about Finacial matters... public bonds/shares (must be enlisted) are as good as liquid cash. So you may include it. But physical bonds such investment in businesses as one of the shareholders of the organization are not considered. As these bonds are not transferable to public without prior notice or permission from the organization body.

Hope this will help.


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Old 08-18-2010, 06:34 PM
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Quote:
Originally Posted by nickyc View Post
Hi all,

I've been searching all over the internet for some guidance on this... What constitutes 'sufficient funds for settlement'? I've heard that Queensland won't accept assets current held in property, but can't find anything to confirm this. The figure of AUS$27k of 'liquid assets' was mentioned but I can't find any info anywhere. Can anyone point me in the right direction? Or tell me their experience of QLD state sponsorship - this is our only option since the MODL disappeared!

Thanks
Nickyc


Nick

I dont know from where you get this information but as per my knowledge the actual fact is

20000 for main Applicant
7000 for spouse (if any)
4000 for first dep child
3000 each for addl dep. children (if any)

This is the info what I got from the deprtment as a mail reply.


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Old 08-18-2010, 06:52 PM
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Now friendz,

I have something to ask.
As the SS application checklist describes "research on Queensland". what generally happens is we all visit somany websies and look information on states we consider to apply. Some of us keep track or make notes of information acquired. Upto this its all right.

But how someone can prove to the department that he/she has taken research/collected enaugh information. For example SA clearly states applicant should inlude a research document with. but never mentioned any prescribed format or something like that. however Queensland doesnot clearly specify the same. Its confusing...as well as misleading. As some one can head to wrong direction for example may not be able to look into facts which the department might be expecting.

Here I want to point we should have some guidelines abut preparing the research document. I mailed to departments but they dont even bother to reply. twice, thrice no way.

I would appreciate, If anyone who had applied to Queensland/SA and was successful could share his experience.



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Old 08-18-2010, 11:13 PM
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It comes down to using a bit of commonsense re researching and as you've indicated yourself about looking up info, taking notes etc., it's all in
Quote:
The main thing rather than an exact ammount is that you've put some thought into financially budgetting for settlement.
Most people who go on a holiday will put a bit of effort into the planning of it and I would have thought if thinking of immigration it would be pertinent to have even more of a plan and documented rather than just in one's head.





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