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Temporary Work (Skilled) (subclass 457) visa 9 1154 (Design date 07/13) About this booklet is designed to assist you when completing an application for a Temporary Work (Skilled) (subclass 457) visa.
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Form 1154 is a tax form used for reporting foreign bank accounts.
Any U.S. person who has a financial interest in or signature authority over one or more foreign bank accounts totaling more than $10,000 at any time during the calendar year is required to file Form 1154.
Form 1154 can be filled out by providing the necessary information about the foreign bank accounts, including the account numbers, financial institutions' names, and the maximum value of each account during the calendar year.
The purpose of Form 1154 is to report foreign bank accounts and comply with the requirements of the Bank Secrecy Act.
Form 1154 requires reporting of account numbers, maximum values, financial institutions' names, and other relevant information for each foreign bank account.
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