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Landlords Beware: Navigating Exemplary Damages under the Residential Tenancy Act
Streamlining the Skilled Migrant Category
When the category reopens, 1,000 residence places will be available annually under the category.
Other changes from the current Parent resident visa criteria include:
Tier Two of the category will be removed
The settlement funds and the guaranteed lifetime income financial eligibility criteria will be removed
The new financial requirements for the Parent resident visa can only be met through the income of the sponsor and their partner. Here are the new financial requirements based on a median salary of NZ$53,040:
|
Expected income thresholds |
|
---|---|---|
1 sponsor for 1 parent |
NZD $106,080 |
2 times the median salary |
1 sponsor for 2 parents |
NZD $159,120 |
3 times the median salary |
Sponsor and partner for 1 parent |
NZD $159,120 |
3 times the median salary |
Sponsor and partner for 2 parents |
NZD $212,160 |
4 times the median salary |
Guaranteed lifetime income of 1 applicant or for a couple |
Not available in new Parent Category |
|
Settlement funds |
Not available in new Parent Category |
Sponsors will be required to provide evidence of their annual income through Inland Revenue tax statements, and that they’ve met it for two out of the three years before the application is lodged, and
The sponsorship period will be formally aligned with the New Zealand Superannuation residency eligibility requirement.
People with EOIs in the system will be emailed to inform them of the changes and invited to either update their EOI or withdraw it. People who withdraw their EOI will be eligible for a fee refund.
When the Parent Category reopens, EOIs will be selected in date order based on the date INZ originally received them (regardless of whether they were submitted under Tier One or Tier Two).