Settlement Funds Declaration Factsheet

This document forms part of the application for An eligible relative constitutes:
seeking Queensland nomination for:
• Parent or step-parent
• Skilled Nominated (Permanent) visa • Brother or sister
(subclass 190) • Mother or father in-law
• Skilled Work Regional (Provisional) visa • Grandparent
(subclass 491) If declaring funds from an eligible relative, a bank statement
When applying for State nomination, applicants showing evidence of the funds must be provided.
must demonstrate that they have sufficient funds
available to settle successfully in Queensland.
The required amount of settlement funds differ, and Mandatory cash required (Settlement funds)
will depend on whether the applicant is onshore or
offshore, and how many dependants are included in Onshore Offshore
the application. applicants applicants

Primary
A$5,000 A$15,000
applicant
MANDATORY REQUIREMENTS Primary +1
A$7,500 A$20,000
dependant
An applicant is required to have a minimum mandatory
Primary +2
amount of settlement funds that must be shown as cash A$10,000 A$25,000
dependants
in the bank, term deposits or other cash entitlements
Primary +3
(pensions and leave payments – these entitlements are A$12,500 A$30,000
dependants
relevant only to offshore applicants).
Primary +4
A$15,000 A$35,000
The required amounts are shown in the table on dependants
this factsheet. Primary +5
or more A$17,500 A$40,000
Settlement funds dependants
All applicants are required to complete a Settlement
Funds Declaration Form affirming financial capacity and *All amounts are shown in Australian Dollars (AUD)
provide a bank statement showing evidence of the funds
declared.
Financial support
Applicants who are 23 years of age or under can declare
financial assistance from an eligible relative, where they
cannot meet the settlement funds requirements in their
own right.

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Last updated August 2023