Changes to Assurance of Support withdrawn! Tougher requirements will not be implemented

Changes to Assurance of Support withdrawn! Tougher requirements will not be implemented

The Australian Government had previously announced that it would be making changes to some of the requirements for parent visas. The most significant changes relate to the minimum income requirement for assurers (mostly the children) of visa applicants. The visas that would have been affected by these changes are both the temporary and permanent versions of the contributory parent visa (143 and 173), the contributory aged parent visa (864 and 884) and the non-contributory parent visa (103 and 804), as well as the ‘remaining relative’ (835) visa. 

Under the changes, a single person wanting to sponsor their two parents would have needed an annual income of $86,607, up from $35,793, while a couple sponsoring two parents would need a combined income of $115,476.

 

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Delayed benefits for new Australia Permanent Residents and Assurance of Support bonds to increase to THREE years!

Delayed benefits for new Australia Permanent Residents and Assurance of Support bonds to increase to THREE years!

Key terms: Mid-year Economic and Fiscal Outlook report – MYEFO – Social Welfare Benefits – Australia Permanent Resident – Family Tax Benefit – Paid Parental Leave – Carers Allowance – Assurance of Support – Partner Visa – Parent Visa

Australia has released its Mid-Year Economic and Fiscal Outlook (MYEFO) report and there are implications for new and prospective migrants to Australia. There are two changes proposed to be implemented on 1 July 2018, namely:

(1) Waiting period for social benefits will be extended to 3 years (currently 2 years) and will include Family Tax Benefit (FTB), Paid Parental Leave (PPL) and Carers Allowance
(2) Assurance of Support (AoS) financial bonds will increase to 3 years (currently 2 years)

 

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