There will be more employer sponsored Business Innovation and Investor Program and Global Talent visa places in Australia in the coming year as indicated by the 2021-22 Australian Federal Budget..
About 50% of Department of Immigration funding will be devoted to skilled visa places with the subclass 188, subclass 124 and subclass 858 visas being the main focus of budget spending.
The migration program will maintain 2020-21 levels of 160,000 visa places in total for the next financial year with a continued focus on onshore family visa applications being approved as well as the shift in focus for skilled visas.
Net overseas migration is expected to fall from 154,000 in 2019-20 to around -72,000 persons by the end of 2020-21 before gradually increasing to 201,000 persons in 2023-24.
The Global Talent visa Program will receive over $550 million in funding with the ATO providing fast-track tax advice to foreign investors and individual tax residency rules will be simplified.
The number of Family visas will be capped at 77,300 places for 2021-22.
As was previously announced the Adult Migrant English Program which helps new migrants to acquire english language skills will be given a shake-up.
The 510 hour cap on education under the program will be scrapped in favour of allowing migrants to study until they have reached a ‘vocational’ level of english.
For information on visas, citizenship and migration to Australia, call +61 (08) 9221 4888 or book an appointment using the following link – https://easymigrate.as.me/schedule.php.