If you are migrating to Australia from overseas and an investment is part of the criteria for your visa, you can apply to purchase Territory Bonds as a designated investment.
Before you apply
Before applying, you must get approval from the Australian Government by applying for one of these two visa programs:
- business skills
- retiree investors
For more information about migrating for business, go to The Territory website.
How to apply
To apply for Territory Bonds, follow these steps:
Step 1. Call the Northern Territory Treasury Corporation (NTTC) on +61 8 8999 7745 to get an indicative interest rate. This will give you an idea of the rate you will get once your deposit is received by NTTC.
Step 2. Fill in the form that is applicable to your type of visa:
Step 3. Submit your form along with your completed 1031 form by email or fax. This will help to start the application process.
+61 8 8999 7449
Step 4. Your original documents must be sent by mail to:
Northern Territory Treasury Corporation
GPO Box 2035
Darwin Northern Territory 0801
After you apply
You will be advised by the NTTC by either phone, email or letter when your application is accepted.
Once your application is accepted, you can deposit the amount as advised by DHA in Australian dollars (AUD) to the nominated account on the back of the application.
As the investor, you must ensure that the funds remitted are grossed up for any bank fees that are deducted for the transfer.
How much you can invest
DHA will advise how much you can invest. Minimum investment amounts are as follows.
If you are a business investor, you can invest a minimum of $1,500,000.
If you are a retiree investor, you can invest a minimum of $500,000.
How to deposit funds
Funds are to be deposited by bank transfer. Read the instructions on the back of the application.
You should provide your DHA case file number or full name as the payee or beneficiary reference when depositing your funds at the bank to avoid processing delays.
After you have made the deposit, you will need to scan the deposit receipt and email or fax it to NTTC.
Last updated: 20 November 2018