Financial Capacity ACT

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Financial Capacity ACT


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Old 23rd April 2010, 02:22 PM
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Default Financial Capacity ACT

Hi
I am new to this forum and am just starting out in our visa application and would appreciate any help you can offer.

So far we have had my husbands job of HR manager ok'd by the AIM. We have e-mailed ACT for sponcership and they have space on there off quota list. We now have 1 month to lodge the state sponcership application.

We have 2 children so we need to show $50AUD in the bank, we dont have this although I have been to the bank and they will loan us the money. I have read we need to show 3 months worth of bank statements do we have to show the $50AUD available over the 3 months?

Any help would be much appreciated

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Old 23rd April 2010, 03:22 PM
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Hi
I am new to this forum and am just starting out in our visa application and would appreciate any help you can offer.

So far we have had my husbands job of HR manager ok'd by the AIM. We have e-mailed ACT for sponcership and they have space on there off quota list. We now have 1 month to lodge the state sponcership application.

We have 2 children so we need to show $50AUD in the bank, we dont have this although I have been to the bank and they will loan us the money. I have read we need to show 3 months worth of bank statements do we have to show the $50AUD available over the 3 months?

Any help would be much appreciated
I think it is written on the ACT website that amount must be in the bank for last 3 or 2 months.
Have a look at their site.

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Old 23rd April 2010, 03:33 PM
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Quote:
Originally Posted by flowertop View Post
Hi
I am new to this forum and am just starting out in our visa application and would appreciate any help you can offer.

So far we have had my husbands job of HR manager ok'd by the AIM. We have e-mailed ACT for sponcership and they have space on there off quota list. We now have 1 month to lodge the state sponcership application.

We have 2 children so we need to show $50AUD in the bank, we dont have this although I have been to the bank and they will loan us the money. I have read we need to show 3 months worth of bank statements do we have to show the $50AUD available over the 3 months?

Any help would be much appreciated
When we applied with ACT, the money had to be in a bank account, under our name, for a total of 3 months. As long as you have a statement to prove that, you should be fine. As long as you don't mind paying the interest fees on the loan for 3 months.

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Old 23rd April 2010, 04:55 PM
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I think it is written on the ACT website that amount must be in the bank for last 3 or 2 months.
Have a look at their site.
Ive been through the ACT website with a fine tooth comb and cant find the information anywhere. Thanks for getting back to me, its very kind of you to take the time

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Old 23rd April 2010, 05:00 PM
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I was hoping that wouldnt be the answer as 3 months takes us past my husbands birthday of 40years and we loose 5 points.

We are in a good financial position as we have paid off our mortgage but they dont take that into account as far as I can see from the info on the website. We were going to try and process the application ourselves so we could keep control but perhaps we should go through an agent. Any advice or ideas would be welcome

Thanks for taking the time to respond I really appreciate it

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Old 23rd April 2010, 05:18 PM
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Originally Posted by flowertop View Post
I was hoping that wouldnt be the answer as 3 months takes us past my husbands birthday of 40years and we loose 5 points.

We are in a good financial position as we have paid off our mortgage but they dont take that into account as far as I can see from the info on the website. We were going to try and process the application ourselves so we could keep control but perhaps we should go through an agent. Any advice or ideas would be welcome

Thanks for taking the time to respond I really appreciate it
I have completed 2 steps successfully, assessment and now sponsorship, so i think if you spend some time daily on forums like these, you would not feel any problem.

For ACT, there are some members who have got Sponsorship from the state, so they might contribute. Only advantage i see that agents respond timely to your query and they have gone through the similar process and on the forums you might get some delays and some irrelevant answers as well.

SO you have to decide.

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Old 23rd April 2010, 05:21 PM
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Originally Posted by flowertop View Post
I was hoping that wouldnt be the answer as 3 months takes us past my husbands birthday of 40years and we loose 5 points.

We are in a good financial position as we have paid off our mortgage but they dont take that into account as far as I can see from the info on the website. We were going to try and process the application ourselves so we could keep control but perhaps we should go through an agent. Any advice or ideas would be welcome

Thanks for taking the time to respond I really appreciate it
You should give the ACT office a call, and speak with Julianne, she is very helpful and may be able to advise you. Also, I'm not too sure what the processing times are nowadays for SS either. If you lose the 5 points, does that take you under 100? If so you could also think about taking the IELTS test to boost your language points.
What is your current points breakdown?

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Old 23rd April 2010, 05:58 PM
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Ive just brocken it all down and double, double checked it and we will stil be ok. we only need 100 points (i think) and we have 115 so loosing 5 points should be ok.

Thanks for info on Julianne, I'll give her a call and hopefully find out. I want to emigrate so much and feel really anxious that it wont happen, trying to take 1 step at a time and hopefully we will get there

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Old 26th April 2010, 10:24 AM
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I think you can show the property as well, someone in the past wrote one can do it if it has no mortgage and is solely owned by you. You just have to prove you have no payments pending on the property. Cross check with ACT people. As mat said julienne is very helpful.

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Old 26th April 2010, 02:53 PM
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Thanks for the info, do you have juliannes tel number?

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