I am new to this forum, and love to see some of you guys having 188b sumitted in recent time. Well, I also summited EOI to Queensland Australia these few days in Hong Kong and of course, just a little steps forward. Actually, i am going to summit by myself after i receive invitation from Immi Queensland. By the way, I really need you guys help out to sort out the following statment which keeps bugging me and I have asked a lot of people in Hong Kong and have a lot of different answers .Thanks in advance.
Make an investment of AUD1.5 million in your nominating State or Territory
After you lodge your application, you must make a designated investment of at least AUD1.5 million in the State or Territory in which the nominating State or Territory government agency is located. This investment must be in your name or in your name and your partner’s name. The investment must be made from unencumbered funds generated from qualifying businesses or eligible investments. To be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream, you must hold the designated investment for at least 4 years from the date the investment certificate is issued by your nominating State or Territory.
The sentence underlined "The investment must be made from unencumbered funds generated from qualifying businesses or eligible investments." ...... I am stuck..
I understand that i need to buy AUD 1.5M govenment bonds in 4 years. But, here comes with the questions. I was told that this AUD 1.5M must be gained profits or accumulated from investments such as investment funds, shares bullions or even real estate ....and i must proof documents to immi when they ask me the source of funds by returning supporting doccuments otherwise my application will be rejected if i cannot to do so, Is that true? I also need some advice here so that i won't miss any criteria from above. and Can anyone share some experiences by dealing with this application. I really do appreciate for that. Thanks again!