Document ID: chunk:federal_register_of_legislation:C2023A00093:clause:2_8617
Version: federal_register_of_legislation:C2023A00093
Segment Type: clause
Provision Reference: sch 2 cl 8617
Character Range: 20559–21596

8617  The holder must notify Immigration of each of the following matters within 5 working days after the matter occurs:
 (a) the holder receives, within any period of 30 days, an amount or amounts totalling AUD10 000 or more from one or more other persons;
 (b) the holder transfers, within any period of 30 days, an amount or amounts totalling AUD10 000 or more to one or more other persons;
 (c) the holder's banking arrangements change.
8618 (1) If the holder incurs a debt or debts totalling AUD10 000 or more, the holder must notify Immigration within 5 working days after the holder incurs the debt or debts.
 (2) If the holder is declared bankrupt or otherwise experiences significant financial hardship, the holder must notify Immigration within 5 working days after the holder is so declared or the financial hardship begins, as the case may be.
 (3) The holder must notify Immigration of any significant change in relation to the holder's debts, bankruptcy or financial hardship within 5 working days after the change occurs.