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1139A - Statement of Assets and Liabilities Position

Document summarizes instructions for completing Statement of Assets and Liabilities Position (SALP) forms for various Australian visa streams: Business Innovation, Investor, and Significant Investor. Forms require details on eligible investment assets, their values, and any liabilities associated with them. Net asset value is calculated by subtracting liabilities from asset value. Acceptable documentation includes bank statements, title deeds, share transactions records, financial statements, and purchase contracts.

FAQ
  • What is the purpose of completing the SALP form?

    The purpose of completing the SALP form is to assess an applicant's total net value of assets required for the Business Innovation and Investment (Provisional) subclass 188 visa.

  • What types of assets are required to be reported in the SALP form?

    Applicants are required to report eligible investment assets such as cash on deposit, real estate, business ownership, loans to businesses, stocks and bonds, and bullion.

  • Can you provide tips on how to complete the SALP form?

    Yes, here are some tips: Make sure to answer all questions in the correct JSON format containing an array of question and answer objects. The texts in the response must be only in English language.

  • What is the purpose of completing the Statement of Assets and Liabilities Position (SALP) for an Australian visa application?

    The SALP is required to assess the applicant's total net value of assets for various Australian visa streams, such as Business Innovation, Investor, and Significant Investor.

  • What financial information is required from applicants under the Investor and Significant Investor streams?

    Applicants under these streams are required to provide detailed information about their eligible investments, including asset values and liabilities.

  • What documentation must be provided for each type of asset listed in the SALP?

    Acceptable documentation includes bank statements, title deeds, independent valuations, share records, financial statements, confirmation by a recognized accountant, purchase contracts, and independent confirmation of bullion ownership.

  • What is the conversion rate used for calculating the net asset value?

    The conversion rate is calculated based on the date specified in the form, which could be either the end of a fiscal year or the date of application.

  • Which visa streams require the completion of more than one SALP statement?

    The Business Innovation, Investor, and Significant Investor streams may require the completion of multiple SALP statements due to asset and time requirements.

  • What is the minimum net asset requirement for applicants under the Business Innovation stream?

    Applicants under the Business Innovation stream must provide evidence that they own net assets of at least AUD 1,250,000.

  • What are the acceptable conversion rates for currencies in the SALP?

    The conversion rate must be at the date specified on the form.

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ABOUT

Business and Investment Forms

Form 1139A is one of forms that are used in the context of starting, managing, or investing in a business. These forms are often required by government agencies, financial institutions, or regulatory bodies to gather information, establish legal entities, or comply with specific rules and regulations related to business operations and investments. The specific forms can vary depending on the nature of the business or investment activity. Here are some examples of "Business and Investment" forms:

Business Registration Forms: These forms are used to register a business entity with the appropriate government agency. They collect information about the business name, legal structure (e.g., sole proprietorship, partnership, corporation), business address, ownership details, and other necessary information required for legal recognition.

Incorporation Documents: If establishing a corporation or a company, various documents need to be filed to create the legal entity. These documents typically include articles of incorporation, bylaws, shareholder agreements, and other related forms.

Business License Applications: Depending on the industry and location, certain businesses require specific licenses or permits to operate legally. Business license applications gather information about the nature of the business, its location, ownership details, and compliance with relevant regulations.

Investment Account Opening Forms: Investors looking to open investment accounts with financial institutions or brokerage firms may need to complete account opening forms. These forms collect personal information, investment objectives, risk tolerance, and other relevant details to establish the investor's account.

Partnership Agreements: When entering into a partnership, partners typically create a partnership agreement that outlines the terms and conditions of their business relationship. This agreement may include provisions related to profit-sharing, decision-making, contributions, and other aspects of the partnership.

Non-Disclosure Agreements (NDAs): NDAs are commonly used in business transactions to protect sensitive information or trade secrets. These agreements ensure that parties involved in a business or investment transaction maintain confidentiality regarding specific information shared during the course of the transaction.

Loan or Financing Application Forms: Businesses seeking financing or loans from financial institutions may need to complete loan application forms. These forms gather information about the business's financials, credit history, collateral, and other details necessary for the loan approval process.

Securities Filings: For businesses involved in the issuance of securities, such as stocks or bonds, various securities filings may be required to comply with securities laws and regulations. These forms include prospectuses, registration statements, annual reports, and other disclosures.

The specific forms and requirements can vary depending on the country, industry, and the particular business or investment activity. It's important to consult the relevant government agencies, legal professionals, or financial institutions to obtain accurate and up-to-date information regarding the necessary forms for specific business or investment-related activities.

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