fahadraza

I would appreciate if you could provide insights into financial capacity requirement. My nominated occupation is ONLY on ACT occupation list so obviously I am ultra careful and seeking for authoritative information before applying. I have 3 dependents (a spouse, 2 children - one is 2.25 and other one is 1.25 years). Here are the questions... 1) How much money do I need to have in order to qualify for the nomination? Is there any threshold for the financial standing? 2) Do I need to have all the money in cash as I have property, car to go along with the bonds and my wife has jewelry in gold? I have read in many online forums (all before 2013) that assets other than the bank savings are not taken into consideration for a successful ACT nomination. Is this true? 3) If I can include assets other than cash savings, what documents will be needed to prove the ownership and market value of property, car and gold jewelry provided I am asked for it either by MIS or DIAC? It's better to be proactive. 4) Do I have to provide bank statement of the last 3 months (in case the MIS department requests it) to proof I own the stated cash savings? In that case, I keep savings in form of bonds and I can immediately have the money in my bank account by selling them, but obviously I won't be able to show that the money has been in my account for at least 3 months. What's your take on that?