| Immigration To Australia |
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Assurance of Support Bond An Assurance of support is an undertaking to provide financial support to the person applying to migrate so that the migrant will not have to rely on certain social security payments. It is also legal commitment by a person or persons to the Commonwealth of Australia any recoverable social security payments made by Centrelink to those covered by the assurance. The assurance is in force for 2 years. Applicants applying for migration under the Skilled – Designated Area Sponsored or Skilled Australian Sponsored categories must provide an assurance of support . Sponsor and As surer can be different persons. Who can give an Assurance of Support: Generally a person giving an assurance of Support should be:_ · An adult over 18 years of age who is an Australian Citizen/ Permanent Resident or eligible new Zealand Citizen. · Usually resident in Australia; · Financially able to support the sponsored person/s and repay social security payments should they be made to the people covered by the Assurance.. An as surer must be able to show that their taxable income is sustainable at a level which would allow them to provide financial support to the applicants who they assure and also that they would be able to repay any debt incurred by payment of social security payments during the period of 2 years.
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