BI9.30 Transfer of investment funds to the New Zealand Government account (04/07/2005)

1. If the business immigration specialist is satisfied that all requirements have been met, the principal applicant will be advised to transfer the nominated funds from their New Zealand bank account to the Government, and will be provided with the Government bank account number. Applicants must not transfer the funds into the Government bank account until they have been advised to do so.
2. Once the funds have been transferred the principal applicant must provide acceptable evidence of having transferred the nominated funds from their New Zealand bank account to the Government bank account in accordance with the relevant policy requirements, and that those are the same funds that were transferred to New Zealand.
3. Any overpayment made into the Government account (ie funds deposited in excess of NZ$2 million) will be repaid to the principal applicant as soon as practical.

Effective 04/07/2005