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I was told by my agent that when we apply for SS (we have done for ACT)...we have to show a Bank Balance of nearly AUD 30000 (for a family of three) in our banks...this being the buffer cash to look after expenses in Australia on entry...
My question is
a) when do we have to show this in amount in our Banks
..most of our amounts are in Real Estate which we would have to liquidate (which is what we intended to do anyway)...but would Assets be accepted as against liquid cash in Banks.
b) When do we need to show these balances to the State?
Thanks
ANM
My question is
a) when do we have to show this in amount in our Banks
..most of our amounts are in Real Estate which we would have to liquidate (which is what we intended to do anyway)...but would Assets be accepted as against liquid cash in Banks.
b) When do we need to show these balances to the State?
Thanks
ANM