Question about NT nomination

[shirl_nt]

Hello everyone, 

I'm just starting the NT nomination process. I need some clarification. After submitting the EOI successfully, do I need to wait for some approval before proceeding with my NT nomination application? 

From what I read, there doesnt seem to be a reason to wait if I have all docs ready for NT nomination application.

Any clarification on this would be appreciated. 

Thanks

[wrussell]

Quote

do I need to wait for some approval before proceeding with my NT nomination application? 

No................

[shirl_nt]

Thank you for ur help wrussell.

Have any Q.... 

Re proof for financial capacity. Can I submit a property valuation of a property which is in my father's name? I will inherit the property after his time. Will this be acceptable to NT? what docs can I submit as proof that the property will be mine at a later date?

Thanks for any help.

[Nemesis]

1 hour ago, shirl_nt said:

Thank you for ur help wrussell.

Have any Q.... 

Re proof for financial capacity. Can I submit a property valuation of a property which is in my father's name? I will inherit the property after his time. Will this be acceptable to NT? what docs can I submit as proof that the property will be mine at a later date?

Thanks for any help.

If your father is alive and living in the property, how are you going to prove to NT that you have the right to sell it and use the proceeds to fund your new life in Australia? They want you to show that you have the funds to sustain yourself if the visa is granted and you migrate, not that you will have the funds to sustain yourself at some random point in the future.

[shirl_nt]

That's a good point, Nemesis. 

Can I use Mutual Funds in my name which can be redeemed at any time? Life insurance polices which are close to maturity date? 

What about ability to take loan against insurance policies? Can these be used to prove financial capacity? 

Thanks again.