Ltbv - Are Children Classed As International Students?
Jun 6th 2003, 7:05 am
#1
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Location: Coventry
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Ltbv - Are Children Classed As International Students?
We are currently gathering the info with the intention of applying for a LTBV - I have just been informed by a consultant that for two years my children will be considered as international students hence subject to huge fees. I have three children so this is likely to cost me 36,000 dollars a year which we can't afford. Does anyone know if this is correct?
Jul 24th 2003, 11:10 pm
#2
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Joined: Apr 2003
Location: Melbourne, Australia
Posts: 425
Not true
Hi there
Policy at present is that LTBV offsrping go to public school at local rates, same as my kids (I'm born and live in NZ).
The free education policy is under review, as many Investor category applicants ex Asia were investing in a term deposit at a bank in NZ, getting their PR and putting their kids into school for free for two years, then pulling out the term deposit.
End result: kids in school at taxpayer expense, no benefit to NZ.
So when they announce changes to Investor Category later this year or early next year, I expect this area will be tightened up.
When they tighten the Investor policy, they may also change the educational benefits for all policies, and this might catch LTBV.
But, no, at this stage your money is safe - kids of up to secondary school age will go to school at local rates.
Policy at present is that LTBV offsrping go to public school at local rates, same as my kids (I'm born and live in NZ).
The free education policy is under review, as many Investor category applicants ex Asia were investing in a term deposit at a bank in NZ, getting their PR and putting their kids into school for free for two years, then pulling out the term deposit.
End result: kids in school at taxpayer expense, no benefit to NZ.
So when they announce changes to Investor Category later this year or early next year, I expect this area will be tightened up.
When they tighten the Investor policy, they may also change the educational benefits for all policies, and this might catch LTBV.
But, no, at this stage your money is safe - kids of up to secondary school age will go to school at local rates.
Jul 25th 2003, 6:26 am
#3
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Hi Jamie
Thanks for that, but does that include post 16, years 12 and 13.
I know it's still secondary school but it's past compulsory education age.
Do you also know whether that is the same for all temporary visas, becasue we may go on work visa whilst LTBV is still processing, as husband may have been offered a job.
We are just waiting confirmation, after a very stressful telephone interview. It is not on OSL but we are hoping for approval in principal and a two year visa.
Thanks for that, but does that include post 16, years 12 and 13.
I know it's still secondary school but it's past compulsory education age.
Do you also know whether that is the same for all temporary visas, becasue we may go on work visa whilst LTBV is still processing, as husband may have been offered a job.
We are just waiting confirmation, after a very stressful telephone interview. It is not on OSL but we are hoping for approval in principal and a two year visa.
Jul 25th 2003, 6:40 am
#4
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Location: North Yorkshire
Posts: 103
What are 'local rates' do you have to pay for your children to go to school?
Regards,
Regards,
Jul 25th 2003, 1:02 pm
#5
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Location: Melbourne, Australia
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Local rates are nominal contribution to school programmes, to help pay for field trips etc. perhaps $200 per year?
For the exact cut off age, you'll have to ask around or ask NZIS if you dare - they sometimes get it wrong. I think kids're definitely Ok at age 17, or perhaps as long as they're 19 or less at time of residency application? Sorry, but I'm not an agent so don't really keep up with finer detail of non-business issues.
For the exact cut off age, you'll have to ask around or ask NZIS if you dare - they sometimes get it wrong. I think kids're definitely Ok at age 17, or perhaps as long as they're 19 or less at time of residency application? Sorry, but I'm not an agent so don't really keep up with finer detail of non-business issues.
