F3.5 Parent Retirement Category requirements

1. For an application to be approved under the Parent Retirement Category the principal applicant must:
   1. nominate funds and/or assets equivalent in value to at least NZ$1 million and undertake to invest them in New Zealand for a period of four years; and
   2. demonstrate ownership of these funds and/or assets and that they have been legally earned or acquired; and
   3. transfer and place the funds in an acceptable investment in accordance with the instructions at F3.10.25; and
   4. nominate NZ$0.5 million of settlement funds and demonstrate ownership of these funds and/or assets; and
   5. demonstrate an annual income of at least NZ$60,000; and
   6. meet the Family requirements as set out at F3.20.
2. The principal applicant and any secondary applicant included in the application must meet health and character requirements (see A4 and A5).

Effective 29/11/2010