$100k Bond/Capital Investment - The low down!
Feb 7th 2006, 11:58 am
#1
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Joined: Jan 2005
Location: Gold Coast, QLD
Posts: 422
$100k Bond/Capital Investment - The low down!
$100k State Bond – How we did it! (for anyone who might be interested):
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
Feb 7th 2006, 3:53 pm
#2
Forum Regular
Joined: May 2004
Location: Melbourne
Posts: 71
Re: $100k Bond/Capital Investment - The low down!
Thanks for your very helpful post , is there a typical time between getting meds request and having to pay the bond ?
I'm in the situation where i have to borrow the bond money , and as it takes several weeks to get the money it would be useful to know roughly when i need the money...
Jim
I'm in the situation where i have to borrow the bond money , and as it takes several weeks to get the money it would be useful to know roughly when i need the money...
Jim
Feb 8th 2006, 1:31 pm
#3
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Joined: Jan 2005
Location: Gold Coast, QLD
Posts: 422
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by mutang
Thanks for your very helpful post, is there a typical time between getting meds request and having to pay the bond?
I'm in the situation where i have to borrow the bond money, and as it takes several weeks to get the money it would be useful to know roughly when i need the money...
Jim
I'm in the situation where i have to borrow the bond money, and as it takes several weeks to get the money it would be useful to know roughly when i need the money...
Jim
I'd say around 1 to 2 months from them receiving the meds back, but only DIMIA know for sure.... They do give you a deadline to pay the bond when its requested and they gave us 6 weeks, which was tight!
Suggest when your meds are actually sent back, you start the process of getting the funds together.
Gav
PS. They do ask you to declare where the funds come from as well...
Feb 8th 2006, 8:05 pm
#4
Forum Regular
Joined: May 2005
Posts: 81
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by gavstrad
$100k State Bond – How we did it! (for anyone who might be interested):
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
Hi there
I dont want to sound thick as i have done quite a lot of research on emigrating (obviously not enough) but why do some people have to pay the bond and others dont. Friends of ours have just been granted PR to WA on an RSMS visa and it took 8 months start to finish with no agent or problems or hassle.
Carol
Feb 8th 2006, 9:26 pm
#5
Joined: Apr 2003
Location: Northamptonshire
Posts: 204
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by daisymoo
Hi there
I dont want to sound thick as i have done quite a lot of research on emigrating (obviously not enough) but why do some people have to pay the bond and others dont. Friends of ours have just been granted PR to WA on an RSMS visa and it took 8 months start to finish with no agent or problems or hassle.
Carol
I dont want to sound thick as i have done quite a lot of research on emigrating (obviously not enough) but why do some people have to pay the bond and others dont. Friends of ours have just been granted PR to WA on an RSMS visa and it took 8 months start to finish with no agent or problems or hassle.
Carol
Chris
Feb 8th 2006, 9:44 pm
#6
No longer waiting....
Joined: Mar 2004
Location: Melbourne, VIC
Posts: 214
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by daisymoo
Hi there
I dont want to sound thick as i have done quite a lot of research on emigrating (obviously not enough) but why do some people have to pay the bond and others dont.
I dont want to sound thick as i have done quite a lot of research on emigrating (obviously not enough) but why do some people have to pay the bond and others dont.
If you don't need these extra 5 points to reach the pass mark you wouldn't bother.
Feb 9th 2006, 4:25 am
#7
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Joined: Oct 2005
Location: brisbane
Posts: 639
Re: $100k Bond/Capital Investment - The low down!
Gav,
thanks for sharing that!
thanks for sharing that!
Feb 9th 2006, 7:07 am
#8
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Joined: Jan 2004
Posts: 1,818
Re: $100k Bond/Capital Investment - The low down!
I used WATC as well....all very easy, and my interest and investment was repaid without any problems at all.
SS
SS
Feb 9th 2006, 3:28 pm
#9
Forum Regular
Joined: May 2005
Posts: 81
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by SuperSeagulls
I used WATC as well....all very easy, and my interest and investment was repaid without any problems at all.
SS
SS
Apr 26th 2006, 1:42 am
#10
Forum Regular
Joined: Aug 2005
Posts: 66
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by gavstrad
$100k State Bond – How we did it! (for anyone who might be interested):
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
Hi Gav,
Have you made your first entry to OZ? If you have, did you apply for a TRN for your capital investment?
Look forward to hear from you...
PTM
Apr 26th 2006, 11:22 am
#11
No longer waiting....
Joined: Mar 2004
Location: Melbourne, VIC
Posts: 214
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by gavstrad
$100k State Bond – How we did it! (for anyone who might be interested
Jul 20th 2006, 10:36 am
#12
Oxford - SEQ August 07
Joined: Jul 2006
Location: Little Mountain, QLD.
Posts: 377
Re: $100k Bond/Capital Investment - The low down!
I've got a successful skills assessment, and trying to choose my visa.
I've an uncle/cousin i could use, but as they've not been working recently (impending retirement/child-rearing respectively) i'm worried that they won't be good AoS's and might hinder that application.
So, thinking about the 136, which i'm 5 pts short of, and considering the 100,000 investment.
Am i right in thinking that you *must* provide the investment *before* being issued the visa? I can't get access to my capital until i flog my house.....
TIA.
I've an uncle/cousin i could use, but as they've not been working recently (impending retirement/child-rearing respectively) i'm worried that they won't be good AoS's and might hinder that application.
So, thinking about the 136, which i'm 5 pts short of, and considering the 100,000 investment.
Am i right in thinking that you *must* provide the investment *before* being issued the visa? I can't get access to my capital until i flog my house.....
TIA.
Jul 20th 2006, 11:39 am
#13
Retired
Joined: Apr 2004
Posts: 34,649
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by Urno
I've got a successful skills assessment, and trying to choose my visa.
I've an uncle/cousin i could use, but as they've not been working recently (impending retirement/child-rearing respectively) i'm worried that they won't be good AoS's and might hinder that application.
So, thinking about the 136, which i'm 5 pts short of, and considering the 100,000 investment.
Am i right in thinking that you *must* provide the investment *before* being issued the visa? I can't get access to my capital until i flog my house.....
I've an uncle/cousin i could use, but as they've not been working recently (impending retirement/child-rearing respectively) i'm worried that they won't be good AoS's and might hinder that application.
So, thinking about the 136, which i'm 5 pts short of, and considering the 100,000 investment.
Am i right in thinking that you *must* provide the investment *before* being issued the visa? I can't get access to my capital until i flog my house.....
But really you should get some good professional advice to see if applying sponsored is still an option, for example, can a non-family member do the Assurance of Support?
Jul 20th 2006, 11:45 am
#14
Retired
Joined: Apr 2004
Posts: 34,649
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by crawling
Paying the £100k bond is worth 5 extra points on the points test. "If you are seeking bonus points for capital investment you only need to declare this in your application".
If you don't need these extra 5 points to reach the pass mark you wouldn't bother.
If you don't need these extra 5 points to reach the pass mark you wouldn't bother.
And not every skilled visa is points tested to begin with. RSMS is not.
Sep 14th 2006, 5:24 pm
#15
Back to WA! Yay!
Joined: Sep 2006
Location: Madeley, WA
Posts: 975
Re: $100k Bond/Capital Investment - The low down!
Originally Posted by gavstrad
$100k State Bond – How we did it! (for anyone who might be interested):
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
We have now chosen WA to invest our $100k bond and after a few days, it’s all done and dusted! Here’s how we completed it:
1. Researched the best Australian state to invest with (http://www.immi.gov.au/allforms/booklets/1119.pdf page 41) and chose Western Australia for their competitive interest rate and recommendations from other BritishExpats members.
2. We then researched the best company to convert and transfer the necessary funds. We chose Monycorp (www.moneycorp.com), as they were very helpful and gave the best exchange rate without even haggling! It was also very easy to set up our trading account…
3. After a few days of watching the AUD exchange rate, we secured the exchange rate at $2.355 with our dealer. Not great, but it was the best on the day!
4. Faxed the DIMIA Form 1134 (ensure that Part 1 has been signed by your CO – very important!) and the WA State Bond Application form to the WA Treasury & Computershare. Computershare manage the investment on behalf of WA and all the details are included in the information pack supplied (email: [email protected] for the pack). Then posted originals to Computershare in Melbourne as instructed via courier (http://www.interparcel.com/).
5. Transferred funds to Moneycorp via a CHAPS payment (same day transfer) from our bank account.
6. Moneycorp receive the funds and the next day transfer $100k to WA bank account.
7. Moneycorp confirm transfer and we emailed WA Treasury to let them know our transfer completed.
8. WA Treasury confirms receipt via email and within 5 working days Computershare issue certificate of investment.
9. Computershare then inform DIMIA of receipt of investment by completing the Form 1134 and posting direct to them.
Glad it’s all completed and we’re now waiting for response from DIMIA… Hope this of use to people!
Gav
Can anyone help with these two questions..
- It asks for a bank for the interest - of course i dont have one just yet as i havent moved. Can i make the cheque option, give my address here in the UK then at a later date change the address and provide the bank details.
- The form also asks for a TFN or Exemption - Any idea what to put here?
Thanks
Mark