BN8.20 Nominating additional funds and/or assets

1. The principal applicant may nominate additional funds and/or assets if:
   1. an approval in principle letter has been issued; and
   2. the funds or the funds from the sale of nominated assets nominated in the resident visa application have been transferred to New Zealand; and
   3. the principal applicant has provided evidence that the funds have lost value in NZ dollar terms through currency exchange or due to unforeseen circumstances; and
   4. the principal applicant has provided evidence of the additional funds and/or assets within the first 6 months of the date of the letter advising of approval in principle.
2. The additional nominated funds/or assets cannot replace the initial nominated funds and/or assets.
3. Additional nominated funds and/or assets are subject to all the requirements under these instructions.
4. Where additional nominated funds and/or assets are accepted, a business immigration specialist may extend the timeframe to transfer and invest, whichever is longer, to:
   1. 12 months from the date of the approval in principle; or
   2. 6 months from the date of notifying the principal applicant of the acceptance of the additional nominated funds and/or assets.

Note: For avoidance of doubt, the timeframe for investing nominated funds or funds from the sale of nominated assets (see BN8.15) does not reset when additional funds are nominated.

Effective 19/09/2022