BI7.15 Evidence of the principal applicant's nominated funds and assets (04/07/2005)

1. Principal applicants must provide evidence of net funds and/or assets to the value of the required investment funds.
2. Principal applicants must provide evidence to the satisfaction of the business immigration specialist that the nominated funds and/or assets were earned or acquired legally.
3. All documents provided as valuations of assets must be:
   1. no more than three months old at the date the residence application is made; and
   2. produced by a reliable independent agency.
4. Expressions of Interest and residence applications under the Investor Category must:
   1. provide the name of the bank and number of the bank account in which the nominated funds are held; and/or
   2. describe the nominated assets sufficiently clearly to enable them to be readily identified and provide the name of the bank and number of the bank account which will be used to deposit the funds resulting from the liquidated nominated assets.
5. The business immigration specialist may seek further evidence if they:
   1. are not satisfied that the nominated funds and/or assets were earned or acquired legally, or
   2. consider that the nominated funds and/or assets may have been gifted or borrowed, or
   3. are not satisfied with the valuation provided, or
   4. consider that the nominated funds and/or assets fail in some other way to meet the rules for investment funds.

Effective 04/07/2005