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Statement Of Financial Support Form

Statement Of Financial Support Form Template for Australia

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Key Requirements PROMPT example:

Statement Of Financial Support Form

"I need a Statement of Financial Support Form for sponsoring my nephew's university studies in Australia, committing to cover his tuition and living expenses from January 2025 to December 2025, with proof of my annual income exceeding AUD 120,000."

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Document background
The Statement of Financial Support Form is a crucial document in Australian legal and administrative processes, particularly in contexts involving immigration, education, and family support arrangements. This form is commonly required when an individual or organization commits to financially supporting another person, such as an international student, family member seeking residence, or dependent requiring ongoing support. The document must comply with various Australian regulations, including the Migration Act 1958, Privacy Act 1988, and relevant financial legislation. It typically includes detailed financial information about the supporter, specific support commitments, and formal declarations. The form serves as evidence of financial capacity and willingness to support, often being a key requirement for visa applications, educational institution enrollments, or family support arrangements in Australia.
Suggested Sections

1. Personal Information of Supporter: Details of the person providing financial support including full name, date of birth, residential address, contact information, and citizenship/residency status

2. Beneficiary Information: Details of the person(s) receiving support including full name, date of birth, relationship to supporter, and current address

3. Employment and Income Details: Current employment status, employer details, position, length of employment, and annual income of the supporter

4. Financial Capacity Declaration: Statement of financial assets, liabilities, and regular income streams that demonstrate capacity to provide support

5. Support Commitment Details: Specific details of the financial support being offered including amount, frequency, duration, and purpose of support

6. Legal Obligations: Statement of understanding of legal obligations and responsibilities associated with providing financial support

7. Declaration and Signature: Formal declaration of truth and accuracy of information provided, with signature block and date

Optional Sections

1. Additional Supporter Information: Used when there are multiple supporters jointly providing financial support

2. Educational Institution Details: Required when support is specifically for educational purposes, including course details and estimated costs

3. Immigration Status Information: Required when the form is being used for visa application purposes

4. Government Benefits Declaration: Required when the supporter receives government benefits that might affect their capacity to provide support

5. Property Ownership Details: Optional section for including details of property ownership as evidence of financial capacity

6. Witness Details: Required in some jurisdictions or situations where the form needs to be witnessed

Suggested Schedules

1. Schedule A - Proof of Income: Copies of pay slips, tax returns, or other income verification documents

2. Schedule B - Asset Documentation: Bank statements, property valuations, investment portfolios proving financial capacity

3. Schedule C - Support Calculation Schedule: Detailed breakdown of support amounts and payment schedule

4. Appendix 1 - Terms and Conditions: Detailed terms and conditions of the financial support arrangement

5. Appendix 2 - Privacy Notice: Information about how personal and financial information will be collected, used, and protected

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses




















Relevant Industries

Education

Immigration

Financial Services

Legal Services

Government Services

Higher Education

Banking

International Student Services

Social Services

Family Services

Relevant Teams

Legal Operations

Immigration Processing

International Student Services

Compliance

Risk Assessment

Student Administration

Financial Services

Document Processing

Visa Services

Family Support Services

Relevant Roles

Immigration Officer

International Student Advisor

Compliance Officer

Legal Counsel

Financial Advisor

Visa Processing Officer

Education Agent

Administrative Officer

Student Services Manager

Risk Assessment Officer

Family Support Coordinator

Legal Administrator

Financial Services Manager

Immigration Consultant

Student Enrollment Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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