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Designated Investments: How to invest

 

Complete and sign the application form (24 kb pdf file).

Fax the completed application form and DIMIA Form 1031 to NT Treasury Corporation on +61 8 8999 7449.

Deposit the funds in AUD to Bank:

Westpac Banking Corporation
BSB No: 035-301
Account No: 210 028
Reference No: Please insert your name.
Account Name: NT Treasury Corporation Operating Account.

Please ensure your paying bank does not deduct any charges for transfer to NT Treasury Corporation’s Account. The interest rate will be set when funds are in NT Treasury Corporation’s Account.

Mail the original application form together with the original form 1031 to:

NT Treasury Corporation
GPO Box 2035
DARWIN NT 0801
AUSTRALIA
Or courier to:
NT Treasury Corporation
Level 3, 38 Cavenagh Street
DARWIN NT 0800
AUSTRALIA

The original application form and original Form 1031 must reach NT Treasury Corporation within ten days of receipt of facsimile advice. Should the investor wish the Form 1031 to be returned to the Consulate-General’s Office by courier, please transfer an additional AUD35 for the cost of same, otherwise the Form 1031 will be forwarded by airmail.

Fees and Commissions
There are NO fees or commissions charged by the Northern Territory Treasury Corporation.

Investment Amounts
Investments must be for either AUD750,000 for Territory sponsored investments or AUD1,500,000 for unsponsored investments. Please note unsponsored investors may invest in any State or Territory. They do not have to invest in the State or Territory in which they live.

The net amount of funds received into Northern Territory Treasury Corporation’s account must be one of these amounts for the investment to proceed. When received a certificate will be forwarded to the investor and a copy sent to the appropriate Consulate-General’s office.

Interest Rates
Interest rates vary according to the market level of interest rates and are therefore subject to change without notice. The rate applicable on the date the application is processed remains fixed until maturity. The application will be processed on the date the funds are received by Northern Territory Treasury Corporation.

How and when Migration Linked Bonds earn interest
Funds will start earning interest from the day Northern Territory Treasury Corporation receives the investment amount into its bank account. Every six months, interest payments are made into the investor’s nominated bank account. If no account details are given, then Northern Territory Treasury Corporation will forward the interest payment by cheque to the address nominated on the Bond Application. If the investor is unable to advise of their Australian account details at the time of completing the application, these details should be forwarded to Northern Territory Treasury Corporation’s Bond Registry as soon as possible after submitting the application, to avoid possible delays in receipt of their interest payments.

Registry Details

Computershare Investor Services
GPO Box 2867
MELBOURNE VIC AUSTRALIA 3001

Taxation
The Australian Taxation Office has advised that income earned in Australia is subject to 10% withholding tax and this will be automatically deducted from the interest earned on the Bond.

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