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INQUIRY INTO AUSTRALIA’S SKILLED MIGRATION PROGRAM – POSSIBLE CHANGES
Australia’s workforce has been significantly impacted by the COVID-19 pandemic and over 500,000 temporary visa holders left Australia since the pandemic resulting in significant skills shortages. Australia’s economy recovery post COVID-19 will be severely hampered without the return of skilled migration. With the above realization, on 3 February 2021, the Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs, the Hon Alex Hawke MP, referred an inquiry into Australia’s skilled migration program to the Joint Standing Committee on Migration. The Committee has now released an Interim Report of the Inquiry into Australia’s Skilled Migration Program where 12 recommendations have been
NEW CHANGES FOR BUSINESS & INVESTMENT VISAS FROM 01 JULY 2021
Acting Minister for Immigration, Citizenship, Migrant Services, and Multicultural Affairs Alan Tudge has announced major changes to the Business Innovation and Investment Program (BIIP). From 01 July 2021, this program will be simplied from nine to four streams and eligibility changes will apply. The changes are made to drive investment in key sectors and create Australian jobs. “Almost $1.3 billion dollars was invested through the Business Innovation and Investment Program last year, the investment that is critical to our COVID-19 economic recovery,” Mr Tudge said. “These changes will maximise the economic contribution of these high-value investors to get the best
Immigration SA Announcement Regarding Business Visas
Immigration SA has reopened its 188/132 State nomination application system from today. Clients are advised to put forth their EOI applications as soon as possible as places are limited. Note: Only applicants who have previous visited South Australia will be able to apply. Import post July 2018 changes Subclass 132 visa holders currently need to meet export requirements of at least $600,000AUD of South Australian products or services (turnover value). From 01 July 2018, this value will be increased to $1 million if the majority of the exported product is wine. If you are considering migrating to Australia via the
South Australia – still open for business
We have been fielding many enquiries regarding the closure of state nomination applications for 188/132 visas in South Australia. Many clients and prospective clients seem to think that SA will no longer accept state nomination applications. This is not true. This is a temporary closure due to applications exceeding the quota set by the Department of Home Affairs and is expected to re-open late March/early April when additional places are released. Link to Immigration SA’s announcement regarding the above can be found here: http://www.migration.sa.gov.au/news-events/news-releases/2583
Update Subclass 132 – Property Development business activities
Victoria state has developed a new property development criteria for Subclass 132 visas, which has been introduced and applies to all proposed business activities that relate to property development. The business Talent (Permanent) visa (Subclass 132) Significant Business History stream is a specialist visa designed for high net worth individuals with outstanding commercial background. Eligibility -You must be under the age of 55 -You must have sufficient funds to settle in Victoria -You must have attained a high degree of commercial success in one or more field -You must undertake business activity that will provide exceptional economic benefit to Victoria
