top of page

2024 Federal Budget Edition

 

Temporary Skill Shortage (subclass 482) Visa: Work Experience Reduced


Effective November 23, 2024, the Australian government is implementing revisions to the Temporary Skill Shortage (subclass 482) visa, focusing on the prerequisite work experience. Formerly, applicants were mandated to possess a minimum of two years. However, under the new regulations, this requirement has been significantly relaxed. Now, individuals seeking this visa category will only need to demonstrate one year of relevant work experience. This adjustment aims to streamline the visa application process and potentially broaden the pool of eligible candidates for temporary skilled positions in Australia.


2024-2025 Permanent Visa Allocations 


Skilled Program

Family Program


Permanent Migration Program

In 2024–25, the government plans to allocate 185,000 places in the permanent Migration Program, with 70% going to the Skill stream. From 2025 to 2026, the planning horizon for the program will extend to four years. These changes aim to reduce net overseas migration by 110,000 people from July 1, 2024. By 2024–2025, migration is expected to halve from 528,000 to 260,000.

 

Migration System Reforms

The Government will allocate $18.3 million over four years starting from 2024–25 to reform Australia’s migration system. This includes $15.0 million over three years for educating migrant workers about workplace rights and $1.9 million in 2024–25 for a data-matching pilot to prevent worker exploitation.


Work and Holiday visa - China, Vietnam, and India

Starting from 2024–25, the Government will implement a new visa pre-application (ballot) system for the capped Work and Holiday (subclass 462) visa program, specifically targeting applicants from China, Vietnam, and India. This process aims to streamline the management of program demand and reduce application processing times for these countries. Applicants will be charged a $25 ballot fee, which will be adjusted based on the Consumer Price Index in the future.

 

Mobility Arrangement for Talented Early-professionals Scheme (MATES)

Beginning November 1, 2024, the Government will introduce MATES, a new program for Indian nationals. This initiative offers a two-year work and living opportunity in Australia for 3,000 Indian graduates and early career professionals (aged 18 to 30) in targeted fields. Applicants will pay a $25 pre-application fee and a $365 application fee, adjusted based on the consumer price index.


Extending the validity of the Business Visitor visa for Indian nationals

The validity period of the Visitor visa (subclass 600) Business Visitor stream for Indian nationals will be extended from three years to five years. This change is expected to raise revenue by $435.0 million and expenses by $70.9 million over the 5 years from 2023–2024.


National Innovation visa, replacing the current Global Talent visa

The Government is introducing a new visa called the National Innovation visa, which will replace the existing Global Talent visa (subclass 858) starting in late 2024. This visa is designed to attract exceptionally talented migrants who have the potential to significantly contribute to the growth of key sectors that are vital to the nation's development. In simpler terms, it's a visa aimed at bringing in highly skilled individuals who can drive innovation and progress in areas of the economy.


Business Innovation and Investment Visa program

This coming September 2024, the Business Innovation and Investment Visa Program (BIIP) will end. You don't have to worry because Individuals who have applied for this visa program and opt to withdraw their application will receive a refund of the visa application fee.


Establishment of the Administrative Review Tribunal - Addressing Backlogs

The Government will invest $1.0 billion over five years, starting in 2023–24, to establish the new Administrative Review Tribunal (ART) and address migration court backlogs. This funding includes $854.3 million over four years from 2024–25 for the ART's operations and $75.1 million over five years from 2023–24 to aid agencies transitioning to the new system. An additional $115.6 million over four years from 2024–25 will target migration court backlogs, including establishing specialized migration hubs. These measures aim to streamline administrative review processes and enhance the integrity of migration decisions.


Portfolio Staffing Levels


The Home Affairs portfolio plans to increase its overall staffing levels from 15,411 to 15,590 across various departments, not limited to immigration staff alone.


Promoting TAFE and VET Pathways


In efforts to bolster Australia's skilled workforce, $4.4 million will be invested in 2024–25 to promote Vocational Education and Training (VET) pathways. This includes campaigns to raise awareness of VET benefits and Fee-Free TAFE courses in high-demand skill areas.

 

VETASSESS - NSDC India Collaboration: Enhancing Workforce Mobility


VETASSESS and India's NSDC are teaming up to facilitate skilled workers from India to address labor shortages in Australia. Together, they will develop a Workforce Mobility plan, allowing Australian employers in key sectors like Hospitality, Automotive, Agriculture, and Aged Care to fill job vacancies through Australian Industry Labor Agreements.

The plan includes comparing qualifications, assessing skills, providing English language training if needed, and offering gap training in partnership with institutions from both countries. This collaboration aims to streamline the process for skilled Indian workers to contribute to Australia's workforce.

25 views0 comments

Comments


bottom of page