Introduction of Economic Guarantee for Australian Immigrants

Economic guarantee is to ensure that you can live in Australia in the next two years without the aid of the Australian government. This guarantor can be your husband/wife himself or a third person. Forms of economic guarantee:

The best thing is that the guarantor has a job in Australia and has proof of income. The guarantor's tax bill has reached more than 35,000/year in the last two years, or it is estimated that it will reach more than 35,000/year in the next two years. If your husband/wife is unemployed, or the financial conditions can't meet the requirements, as long as the guarantor has more than 60,000 Australian dollars in the bank in Australia. So even if he doesn't have a job, he can give you financial security. As for the bank and term of deposit, there is no specific provision. As long as it is a local bank in Australia, the deposit can also be a current account. (Some people also provided a certificate of deposit from a domestic bank, which was successfully approved, but this is quite tangled. Why do you keep your money in China when you are in Australia? CO may have an idea).

And how much is the applicant's own deposit? The expenditure for two years is about 36,000 Australian dollars. The more, the better. Some people say that I have real estate in China, but this won't do. There is no income in Australia, and you can't live by selling a house. Similarly, this is not limited to banks and deposit terms.

About AOS- (Guaranteed Support)

AOS is a legal contract between an Australian citizen or organization and the Australian government. According to the AOS contract, the guarantor agrees to provide support to applicants who want to immigrate, so that they don't have to rely on the welfare of Centrelink. At the same time, the guarantor agrees to repay the refundable benefits received by any applicant who wants to immigrate within the validity period of AOS. Financial support for children who want to immigrate may also be within the scope of the contract.

The Immigration Bureau decides which applicant needs AOS, while Centrelink decides who is qualified as a guarantor. Before becoming a guarantor, any guarantor must consider whether he is capable of fulfilling the legal and economic responsibilities required by AOS.

This AOS is mandatory when dealing with the immigration of parents and the last member of the family. On the other hand, spouse migration is not compulsory. However, the immigration law gives immigration officials the right to make additional demands; Therefore, this kind of financial guarantee is generally considered by the immigration officer when hearing your application.

In fact, many people do not need AOS financial guarantee when their spouses immigrate. The immigration officer will look at your educational background, English level and skills. If you are all short of majors, with high academic qualifications and good English, the immigration officer will judge that it is not a problem for you to find a job in Australia, and there is no need to do AOS.

After your form materials pass the preliminary examination, if co feels that the economic conditions are not enough, it will ask the guarantor to apply for economic guarantee, and the cycle will be about one month. In other words: economic guarantee is the last procedure before signing the contract.

When asked to do AOS, the guarantor must deposit a time deposit in a bank designated by Australia (usually a federal bank). Please note that you cannot arrange this guarantee certificate before receiving the request from the Centrelink to do AOS.

For example, Australian spouse immigrant 309, if the guarantor is an individual, the amount of AOS bank guarantee for two years is 5000 Australian dollars per 65,438+0 adults, and if the visa application includes two adults, the amount of guarantee is 7000 Australian dollars. If the guarantor is an organization rather than an individual, AOS Bank's two-year guarantee is $65,438+00,000, regardless of the application or not.

In general, an economic guarantor needs to meet the following conditions:

1. Become an Australian citizen or permanent resident.

2. The income or annual salary of the previous two fiscal years shall not be less than 35,000 US dollars (current standard).

3. I am willing to provide all financial support (if necessary) to the immigrant applicant within two years from the date of obtaining the permanent residence visa, and I am willing to deposit $5,000/$7,000 in the designated bank in advance (after two years, I can withdraw it with a small amount of interest) and pay part of the bank fees.

The materials to be provided when going to the Centrelink for formalities are as follows:

1, personal identification

2. Letters from the Immigration Bureau

3. Tax refund forms for the past two consecutive fiscal years.

4. Payroll for this fiscal year (not less than 2)

5. Centrelink Form

Centrelink requires an appointment in advance.

If your application as a financial guarantor is approved, Centrelink will give you a letter to the Federal Bank. The guarantor will take this letter to the nearby federal bank for bank transfer and transfer $3,500 from his account to a special $ Term deposit account. The bank also gives you the following materials:

1. Bank Guarantee-Support Guarantee

2. Confirmation of deposit

3. Give the above two materials to any Centrelink to complete all formalities.

Centrelink will report the materials to the Immigration Bureau the next day, and the Immigration Bureau will continue to apply for visas for visa applicants.