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9.4.6.20 Transfer of an AoS
Summary
The AoS period starts on the day the person is granted the visa, or on the day they enter Australia, whichever occurs later.
The AoS would continue until the end of the AoS period specified in the AoS or until it is cancelled before the end of the AoS period where cancellations must meet the criteria under section 18 of the Assurance of Support Determination 2007.
Under the provisions of SSAct section 1061ZZGF(2), the Secretary may determine, that an AoS that has come into force in respect of an assuree, may cease if another AoS comes into force in respect of the same assuree. This may occur in situations where the Secretary considers that there is a special circumstance in the particular instance, and it would be a beneficial outcome for all parties for a new AoS to be obtained to replace the existing AoS, thereby effectively transferring the responsibilities of one assurer to another assurer.
The Secretary may make a determination to cancel an existing AoS if before the end of the AoS period a request is made to transfer the AoS to another person due to special circumstances of the assurer, e.g. long term injury or illness (individual), liquidation of a company (Body), and it would be beneficial to do so in order to protect government outlays and ensure ongoing support for the assuree.
Example: ABC Trading Ltd signed a 10 year AoS dated 10/11/2009 on behalf of Mr and Mrs Smith to enable them to migrate to Australia from the UK. Due to a down turn in their business activities, ABC Trading Ltd is considering liquidation. The Managing Director of the company has approached Centrelink to explain the situation and has offered to personally sign a new AoS, as an individual, on behalf of Mr and Mrs Smith. He has requested Centrelink to assess his eligibility to be an individual assurer. Centrelink may consider this request as transferring the AoS would provide a beneficial outcome for all parties.
A new assurer must satisfy the requirements specified in Part 3 of the Assurance of Support Determination 2007. Should another AoS come into force in respect of an assuree, the AoS that was in force is to be cancelled and the new AoS will replace the previous AoS and be in force for the remaining period of the relevant 2 or 10 year AoS. The new AoS will commence from the same date as the original AoS.
If the new AoS is a mandatory AoS which requires a security, the bank guarantee to cover the relevant amount of the required security must be obtained by the new assurer from the CBA as the CBA will require a term deposit to the value of the required security to issue a bank guarantee for the relevant amount in favour of Centrelink. Evidence of the new bank guarantee and term deposit must be provided by the new assurer to Centrelink before instructions are given to CBA to release the previous bank guarantee. The new assurer's name must appear on the term deposit. If it is a joint assurance, at least one of the assurer's names must appear on the term deposit.
Centrelink may authorise the CBA to release the full term deposit amount to the person or organisation who obtained the previous term deposit and the bank guarantee if the assuree has not received a recoverable payment during the AoS period. |
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