The Australian Federal Budget was announced on May 14, 2024. Several reforms have been planned for skilled migrants, such as the National Innovation Visa, cutting back on work experiences, and allocating more budgets to immigration-related programs, promising to usher brighter days for migration systems.
Prepare to discover the opportunities that will turn your Australian dream life into a reality!
Skilled Migration Takes Center Stage
For the fiscal year 2024-25, the Australian government has prioritized skilled migration in its permanent migration program. Out of the 185,000 spots planned, over 70% (132,200 spots) are allocated to the skill stream. The goal is to tackle the labor market needs and boost their economic growth by recruiting highly qualified individuals who can contribute to key industries.
Reduced work Experience Prerequisites
The government will lower the work experience requirement for the Temporary Skill Shortage (subclass 482) visa from two years to just one year, effective November 23, 2024, onwards, expecting to increase the pool of skilled and eligible visa applicants with an anticipated surge in receipts and expenditures.
Four-Year Planning Horizon
For improved stability and predictability, the government will implement a new strategy starting in 2025-26, expanding the permanent migration programs planning horizon to 4 years from 1 year, enabling better planning for both government and potential migrants and resource allocation due to this expanded time frame.
Investing In improvements
The Australian government has allocated $18.3 million over the next four years to reinforce its immigration framework. Some of their key initiatives are as follows-
- Information and Education Initiatives ($15 million): Spread across three years, this initiative aims to equip migrants with adequate knowledge and skills to comprehensively understand their legal rights, workplace integrity, safety procedures, and immigration conformity.
- Data Matching Pilot Program ( $1.9 million ): Addressing the exploitation of migrant workers and safeguarding the integrity of their labor market and migration framework.
The goal is to protect the rights and well-being of all migrant workers while upholding the integrity of the Australian Immigration system.
Opportunity for Indian Nationals.
The announcements contain some exciting news for Indian Nationals. At least 3,000 graduates and early career professionals between the ages of 18 and 30 will be provided employment opportunities in Australia for a duration of two years.
This opportunity is put forth by the Mobility and Talent Exchange Scheme (MATES), recruiting those with expertise in specific fields of study.
Additionally, the Australian government has increased the visa validity of Subclass 600 for Indian business visitors to 5 years. This is to attract skilled Indian talent to contribute to the Australian workforce while strengthening their ties with the Indian front.
National Innovation Visa and BIIP Update
The government is all set to introduce a revised National Innovation Visa aimed at attracting and inviting exceptionally skilled migrants who can spur development in sectors of national significance.
Furthermore, applicants withdrawing from the Business Innovation and Investment Visa Program (BIIP) applications can expect refunds starting in September 2024. The conclusion of the BIIP program signals a shift in focus toward other visa programs for business investment.
This update focuses on revealing the new streamlined immigration system, which highlights the Australian government’s commitment to and prioritization of skilled migration, protection of workers’ rights, migrant integration, and economic growth. Stay tuned for further updates!
- By Vaibhav
- June 11, 2024
- Blog
Australia brings a kaleidoscope of trends with diverse landscapes and unique charms. It invites you to explore the chance to acquire your golden ticket with ACET migration. We at ACET meticulously track Australia’s constantly evolving migration trends to help our clients confidently navigate the changing terrains.
Understanding Australia’s Growth
Net Overseas Migration, or NOM, determines Australia’s Population. This significant figure reflects the number of people entering the country as opposed to those who leave. The NOM is influenced by International Students, Professionals, and humanitarian cases seeking refuge.
Skilled Migration—The purpose of skilled stream migration is to draw immigrants who significantly boost the Australian economy and fill job vacancies. Due to the extremely high rates of labor force involvement, skilled migrants contribute to economic growth and the creation of new job opportunities. This year, the Australian government prioritized skilled migration as part of its permanent migration program agenda. Additionally, the skilled stream contributes significantly to regional development by supplying labor and skills not readily available locally.
Student Visa – Australia’s general migration trend has been impacted by its student visa policies. International student enrolment in Australia has increased significantly in recent years, particularly post-pandemic, and reached a record high of over 713,000 as of February 2024.
Employer sponsorship visa– The employer sponsorship visa enables Australian companies to appoint highly qualified immigrants and hire those who can fill skill shortages. This invariably results in improved productivity, creativity, and the introduction of new ideas, stimulating economic growth.
Family visas – These enable permanent residents to reunite with their family members, strengthening social coherence by enabling families to connect and be together and resulting in a more nuanced cultural diversity.
Humanitarian program – Australia has a long tradition of accepting refugees and asylum seekers for resettlement through its humanitarian programs. These programs are dedicated to providing protection for people who arrive lawfully, demonstrating Australia’s international obligations and compassion for those seeking humanitarian services and escaping persecution.
Australian Migration Program -
The Australian government annually checks and adjusts its migration policies and visa categories on the basis of several factors, such as social needs, migrant integrity, economic conditions, and global standards. As per this year’s federal budget announcements, the program has found a significant shift in priority towards skilled migration. It invites professionals and field experts to join the Australian labor market. Indian nationals, especially, have found a new place in the Aussie workforce. Over 3000 career opportunities await Indian talents. Further, the Australian government has issued the revision of the National Innovation visa and the conclusion of the Business Innovation and Investment visa program (BIIP).
State of the States-
New South Wales—The bustling global metropolis of Sydney continues to draw in immigrants, with 4000 nominations each year. The NSW skilled nominated (subclass 190) visa is among the most competitive. It is one of the highest-paying visas, covering 51% of all employment in the following sectors: retail trade, Health care, Professional, scientific, Education, and Technical Services. However, the new trend in NSW is that people seek an affordable and relaxed lifestyle in regional New South Wales.
Victoria – Migrants are still drawn to Melbourne because of its vibrant cultural scene and varied job market, similar to that of New South Wales. With 53% of total employment, Victoria also experiences a rising trend towards regionalization.
Queensland—Popularized by its sunshine and affordable housing, interstate migration has seen a steady increase. This constant influx is particularly true in regions like the Gold Coast and the Sunshine Coast.
Western Australia – Specifically Perth, is subject to swings in the fortunes of the mining industry.
Southern Australia – Adelaide draws a constant stream of immigrants with a balanced lifestyle at its center. The state actively encourages migration to meet its labor market demands, pioneering in fields of the future like machine learning and renewable energy. Leading the way in innovation and business development in varied sectors like VR, AR, VFX, and other Creative industries.
Australia’s migration process is a complex ballet of historical patterns, contemporary conditions, and future considerations. With ACET migration by your side, we help you navigate this intriguing dance.
The Australian Federal Budget was announced on May 14, 2024. Several reforms have been planned for skilled migrants, such as the National Innovation Visa, cutting back on work experiences, and allocating more budgets to immigration-related programs, promising to usher brighter days for migration systems.
Prepare to discover the opportunities that will turn your Australian dream life into a reality!
Skilled Migration Takes Center Stage
For the fiscal year 2024-25, the Australian government has prioritized skilled migration in its permanent migration program. Out of the 185,000 spots planned, over 70% (132,200 spots) are allocated to the skill stream. The goal is to tackle the labor market needs and boost their economic growth by recruiting highly qualified individuals who can contribute to key industries.
Reduced work Experience Prerequisites
The government will lower the work experience requirement for the Temporary Skill Shortage (subclass 482) visa from two years to just one year, effective November 23, 2024, onwards, expecting to increase the pool of skilled and eligible visa applicants with an anticipated surge in receipts and expenditures.
Four-Year Planning Horizon
For improved stability and predictability, the government will implement a new strategy starting in 2025-26, expanding the permanent migration programs planning horizon to 4 years from 1 year, enabling better planning for both government and potential migrants and resource allocation due to this expanded time frame.
Investing In improvements
The Australian government has allocated $18.3 million over the next four years to reinforce its immigration framework. Some of their key initiatives are as follows-
- Information and Education Initiatives ($15 million): Spread across three years, this initiative aims to equip migrants with adequate knowledge and skills to comprehensively understand their legal rights, workplace integrity, safety procedures, and immigration conformity.
- Data Matching Pilot Program ( $1.9 million ): Addressing the exploitation of migrant workers and safeguarding the integrity of their labor market and migration framework.
The goal is to protect the rights and well-being of all migrant workers while upholding the integrity of the Australian Immigration system.
Opportunity for Indian Nationals.
The announcements contain some exciting news for Indian Nationals. At least 3,000 graduates and early career professionals between the ages of 18 and 30 will be provided employment opportunities in Australia for a duration of two years.
This opportunity is put forth by the Mobility and Talent Exchange Scheme (MATES), recruiting those with expertise in specific fields of study.
Additionally, the Australian government has increased the visa validity of Subclass 600 for Indian business visitors to 5 years. This is to attract skilled Indian talent to contribute to the Australian workforce while strengthening their ties with the Indian front.
National Innovation Visa and BIIP Update
The government is all set to introduce a revised National Innovation Visa aimed at attracting and inviting exceptionally skilled migrants who can spur development in sectors of national significance.
Furthermore, applicants withdrawing from the Business Innovation and Investment Visa Program (BIIP) applications can expect refunds starting in September 2024. The conclusion of the BIIP program signals a shift in focus toward other visa programs for business investment.
This update focuses on revealing the new streamlined immigration system, which highlights the Australian government’s commitment to and prioritization of skilled migration, protection of workers’ rights, migrant integration, and economic growth. Stay tuned for further updates!
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Australian IT sector has been in rapid growth since 2015. Australian Computer Society (ACS) recently conducted a survey focusing on ICT-skilled migrants, revealing overwhelmingly positive outcomes and painting a brighter picture of opportunities in Australia.
According to ACS, over 90% of ICT-skilled migrants successfully secured employment, with 80% obtaining positions within the IT sector. ACS is the professional association for tech professionals, championing the technologies, people and skills critical to powering Australia’s future. ACS is also authorised to assess the skills and qualifications of IT and Data Science professionals on behalf of the Australian Government.
Growth of ICT Market in Australia
The growth trajectory of the ICT market in Australia is remarkable. Valued at US$ 78.14 billion in 2022, it is projected to expand at a compounded annual growth rate (CAGR) of 13.69%, reaching US$ 148.44 billion by 2027. The cumulative revenue forecast for ICT providers during 2022-2027 stands at US$ 650.76 billion, with top product/service categories including SaaS, Systems Design and Integration, and Human Resources BPO.
Australian ICT companies such as Canva, Atlassian, Afterpay, Wisetech Global, and others are making significant strides globally, solidifying their positions as industry leaders. Notably, Australia ranks 4th as the world’s most attractive online consumer market. Businesses in the country is also projected to increase IT spend by 13%, compared to 4% globally. Furthermore, Australia is positioned as the 2nd fintech hub in the Asia-Pacific region and 6th globally. By 2025, it is anticipated that 95% of the population will have access to 5G coverage.
Now is the Time
The current landscape presents an opportune moment for IT and ICT professionals, particularly those specializing in roles such as Data Architect, Data Warehousing Specialist, Data Scientist, Computer Systems Engineer, Software Developer, and Network Support Specialist, to consider migrating to Australia. Over the next five years, working within Australia’s burgeoning ICT market and esteemed companies promises invaluable global exposure.
Start the Process
The ACS Migration Skills Assessment is a critical step in applying for your visa. It is a process for assessing and validating your IT qualifications and work experience to determine your eligibility for skilled migration to Australia. So, if you are looking for a positive outcome of the Skill Assessment, then start the process with guidance. You can contact our team for a free eligibility check before initiating your migration journey. It helps to understand the process and make an informed decision. We would like to recommend using Australian based MARA agents to begin your Australian migration journey. If you would like to know more about us please contact ACET Migration.
Source: CRN, Global Australia – Why Australia, Global Australia – ICT Market Size and Forecast
