The NZ Government has announced that the long-anticipated re-opening of the Parent category will occur in February 2020. This category has been closed since 2016.
The requirements, however, have changed dramatically and have firmly placed the onus for financial stability onto the adult child (and their partner) based in New Zealand. All asset and income testing has been removed from the requirements for the parents, and instead only those adult children who have been earning a significant income for two of the last three years will be able to support their parents through this process.
Further details have yet to be announced but an indicative example is that if an adult child and their partner wish to sponsor two parents (ie Mother and Father), then their combined income level must have been NZ$212,160 for two of the last three years, compared to the previous NZ$90,000.
We are happy to refer further queries to Karen Justice in our Ajuria NZ office.
DISCLAIMER This information is current as of 16 January 2020 and subject to change. The information contained in this publication is of a general nature only. It should not be used as legal advice. To the extent permissible by law, Ajuria Lawyers and its associated entities shall not be liable for any errors, omissions, defects or misrepresentations in the information or for any loss or damage suffered by persons who use or rely on such information. Liability limited by a scheme approved under Professional Standards Legislation.