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Anyway, just to clarify their exact position for you. Over the 3 calender months they will take your Australian bank balance each day against the closing exchange rate for that day (as found on Oanda). That is, there will be 90 (or so) different exchange rates used over the maintainence period. The 3rd lady I spoke to at the BHC in Canberra actually read me out the internal memo of theirs which basically said that they "clarified" the wording (read: changed) to appear to be more fair to those who have been affected by the economic crisis. It turns out the maintainence rule is also different from their ruling for demonstrating past earnings which is the section before maintenance on the Tier 1 form (and this uses the exchange rate of the last day on your bank statement like you said, if you can figure that out).
Yes for some but not beneficial for the applicants who were relying on the old wording...niw2 wrote:Wow, I wonder who the poor bastard is who has to go through and check whether there were sufficient funds on each and every day! The new guy in the office, I guess.
This is actually beneficial for applicants, because if the AUD is expected to drop in value against the GBP over the 3 month period, applicants can steadily increase the amount they have in their account and still comply.