Go Back  British Expats > Living & Moving Abroad > Australia > Immigration, Visas & Citizenship (Australia)
Reload this Page >

Post $100,000 but then wait year to get it back before moving?

Post $100,000 but then wait year to get it back before moving?

Thread Tools
 
Old May 12th 2004, 2:11 pm
  #1  
Forum Regular
Thread Starter
 
Joined: May 2004
Posts: 74
jana1 is an unknown quantity at this point
Default Post $100,000 but then wait year to get it back before moving?

Hello
I am a bit new to all this and was wondering if anyone knew if I post the $100,000 bond for the extra five points, I would then not have any money to move and would need to pay it back, so could I then wait until the year was up, get the $100k back, pay off the debt, then move to Australia - I would still be in the five year period, so do you know if that would be okay??

Thanks very much
Jana
jana1 is offline  
Old May 12th 2004, 3:33 pm
  #2  
Account Closed
 
Joined: Jan 2003
Posts: 759
Nicstids is an unknown quantity at this point
Default Re: Post $100,000 but then wait year to get it back before moving?

Originally posted by jana1
Hello
I am a bit new to all this and was wondering if anyone knew if I post the $100,000 bond for the extra five points, I would then not have any money to move and would need to pay it back, so could I then wait until the year was up, get the $100k back, pay off the debt, then move to Australia - I would still be in the five year period, so do you know if that would be okay??

Thanks very much
Jana

That would be OK but remember that you will have to make a trip to Aus anyway to validate your visa.
Nicstids is offline  
Old May 12th 2004, 5:17 pm
  #3  
BE Forum Addict
 
Joined: Jan 2004
Posts: 1,818
SuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really niceSuperSeagulls is just really nice
Default Re: Post $100,000 but then wait year to get it back before moving?

Hi Jana,

That is exactly what I am going to do. I have no property to sell so I am saving hard and will take out a loan to make up the difference. Then invest the money and wait for 12 months, get the cash back, pay off my investors and go....I will have a keen eye on the exchange rates during this time as I could make or lose a few grand but in my eyes it is worth the risk.

Oh yeah, and I'll have to pop over and validate......so will need to keep some cash back for that.

All this for 5 points....

SS
SuperSeagulls is offline  
Old May 14th 2004, 3:27 am
  #4  
Just Joined
 
Joined: May 2004
Posts: 13
Kievah is an unknown quantity at this point
Default Re: Post $100,000 but then wait year to get it back before moving?

I am currently considering a prospective marriage visa, myself being Australia and my fiancee American. We are both young and currently without assets and lucrative employment, but we have an Assurer. Could this kind of bond apply to our situation?
Kievah is offline  
Old May 14th 2004, 3:52 am
  #5  
Forum Regular
 
K S Adityan's Avatar
 
Joined: Apr 2003
Location: Chennai (Madras), India
Posts: 72
K S Adityan is an unknown quantity at this point
Default Re: Post $100,000 but then wait year to get it back before moving?

Only a discretionary assurance of support (if requested) is required. No bond for this kind of visa. Good luck.
K S Adityan is offline  
Old May 14th 2004, 3:55 am
  #6  
Forum Regular
 
K S Adityan's Avatar
 
Joined: Apr 2003
Location: Chennai (Madras), India
Posts: 72
K S Adityan is an unknown quantity at this point
Default Re: Post $100,000 but then wait year to get it back before moving?

My previous message is for Kievah.
K S Adityan is offline  
Old May 14th 2004, 5:10 am
  #7  
Just Joined
 
Joined: May 2004
Posts: 13
Kievah is an unknown quantity at this point
Default Re: Post $100,000 but then wait year to get it back before moving?

Thank you for your reply, you saved me a heart attack!

I'm sorry for busting in on the thread, too.
Kievah is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.