[mimran]

Dear All

For 175 / 176 (NSW / VIC) , there is nothing mentioned as bank statement in the document checklist. I know many people give it, but I want to know actually at what point in the entire process do we actually show the proof of funds.

Do we show proof of funds when we enter for first time to get our visa validated or do we have to show the proof of funds when we finally migrate to Australia for good.

Or proof of funds is not needed at all at any point in the process and its up to DIAC discretion. Probably seniors of 175 / 176 can share their experiences.

Thanks

 

[jb12]

Hi mimran,
There was no proof of funds required on the application for visa 175 or when entering Australia to validate visa. However, I've read on this forum that proof of funds might be required for visa 176 since that is a sponsored visa. For visa 175, the applicant sponsored themselves with meeting the points requirement.

 

[mimran]

Hello jb12

Thanks for your reply. If that is really the case, then I think 175 would be good for me and 176 would be too risky.

Its not I cannot proof I have 30K+ AUD or so. Its like I dont have the entire amount in cash now and my assets are in UAE and Pakistan. So its difficult to get all the jewlery validated, cash consolidated and even then how can I prove my "End of service benefit / cash", I will be getting... because that money I wont get unless and until I resign.

So to sumup if funds really matter for 176, then its really risky. Also if I take hefty amount cash to show, they wont accept this as DIAC would need proper statement to prove whether this amount is ours and we have not borrowed from anyone else. ( I know Canadian Immigration did this with some of my friends).

As I have seen in other threads, ICT occupation are there to stay and will not be removed as AUS is facing a shortage of IT professional, so in this case 175 would be a safe visa to apply. Lets see ......

 

[indian01]

Hello jb12

Thanks for your reply. If that is really the case, then I think 175 would be good for me and 176 would be too risky.

Its not I cannot proof I have 30K+ AUD or so. Its like I dont have the entire amount in cash now and my assets are in UAE and Pakistan. So its difficult to get all the jewlery validated, cash consolidated and even then how can I prove my "End of service benefit / cash", I will be getting... because that money I wont get unless and until I resign.

So to sumup if funds really matter for 176, then its really risky. Also if I take hefty amount cash to show, they wont accept this as DIAC would need proper statement to prove whether this amount is ours and we have not borrowed from anyone else. ( I know Canadian Immigration did this with some of my friends).

As I have seen in other threads, ICT occupation are there to stay and will not be removed as AUS is facing a shortage of IT professional, so in this case 175 would be a safe visa to apply. Lets see ......

Please read carefully in state sites, it's mentioned that you are advised to have that much funds with you to support yourself and dependents. However you are not requried to show any proofs to us.

 

[mimran]

Yes, in that case its good, because obviously its difficult to show all the proof within 1 months time, however we would easily have funds when we leave our job, sell items and get a total cash to take to Australia (say in 2-3 years).

Having said that, if any forum member was asked proof of funds before 176 being granted, please let me know as my decision to go for 175 / 176 will be based on that.

 

[lifeisgood]

usually proof of funds is required only when they (State authorities or DIAC) asks for it specifically...
Its discretionary ...

Dear All

For 175 / 176 (NSW / VIC) , there is nothing mentioned as bank statement in the document checklist. I know many people give it, but I want to know actually at what point in the entire process do we actually show the proof of funds.

Do we show proof of funds when we enter for first time to get our visa validated or do we have to show the proof of funds when we finally migrate to Australia for good.

Or proof of funds is not needed at all at any point in the process and its up to DIAC discretion. Probably seniors of 175 / 176 can share their experiences.

Thanks