Tag Archive for Global talent visa

The Federal Budget 2021-22

The federal budget was handed down by treasury on the 11 May 2021 for the 2021-2022 financial year with a focus on resuming migration and welcoming back international students to Australia.

Migration Planning Levels

The Australian Government will maintain the 2021-2022 Migration Program Planning level at 160,000 places.

Family and Skilled stream places will also be maintained at their 2020-2021 planning levels with the Department continuing their focus on onshore visa applicants and continuing to reduce the onshore Partner visa application pipeline.

Skilled Migration Visas will have approximately 50% of the allocated places with a priority focus on highly skilled migrants in the Employer SponsoredBusiness Innovation and Investor Program and Global Talent visa categories.

The Humanitarian Program will be maintained at 13,750 places for the 2021-2022 migration year.

The Australian government has confirmed that the size of the program (the places available) will remain as a ceiling of the amount of places available instead of a ‘target’.

Net Overseas Migration Numbers

The Budget noted that Net Overseas Migration (NOM) is predicted to fall from around 154,000 people in the 2019-2020 year to around -72,000 people by the end of 2020-2021, however it is expected to gradually increaase to around 201,000 people by 2023-2024.

Sponsored Temporary Parent Visas – Extension of validity period

The Department has confirmed that the validity period for Sponsored Parent (Temporary) (subclass 870) visas will be extended by 18 months for people who are unable to enter Australia due to the COVID-19 travel restrictions.

Global Talent Visas

The Australian government has commited $550 million to attract talent and business from overseas to Australia as part of the Global Talent visa program. As part of this commitment the ATO will provide fast-track tax advice to foreign investors and individual tax residency rules will be simplified to increase the attractiveness of Australia for highly skilled indiviudals and innovative businesses looking to come to Australia.

Temporary Visa Holders

Temporary visa holders in Australia looking to apply for the Temporary Work (subclass 408) ‘COVID-19’ visa will no longer need to demonstrate their attempts to depart Australia if they intend to undertake work in the agricultural sector.

The period in which a temporary visa holder can apply for the Temporary Work (subclass 408) ‘COVID-19’ visa has also been extended from 28 days prior to their visa expiry to 90 days prior to their visa expiry.

Student Visa Holders

As previously announced by Thames Migration, student visa holders will temporarily be permitted to work for more than 40 hours per fortnight if they are working in the tourism or hospitality sectors.

More Information

If you would like further information on your migration options in Australia, what these announcements mean for you or any other matter please contact our office on 1300 799 877 or schedule a consultation with us online.