National Innovation Visa

Australian 2024-25 budget update – What’s relevant for immigration? 

The 2024-25 budget & immigration measures 

The Australian treasurer has delivered the budget for the 2024-25 financial year (FY). The FY runs from 1 July to 30 June. 

A whole raft of changes have been announced. With a focus on actions to ease the cost of living and a housing shortage. 

Key immigration measures outlined in the budget include the following. 

Net Overseas Migration 

As part of addressing this the government have plans to reduce net overseas migration by half  in 2024-25 — from 528,000 to 260,000.

Permanent Migration program –  Skilled stream numbers  

The permanent migration cap for 2024-25 will be 185,000. Of these places 132,200 places will be allocated to the skilled stream.

National Innovation Visa to replace the Global Talent & BIIP program

The Global Talent (Subclass 858) & Business Innovation and Investment (BIIP) visa (Subclass 188) programs are to be replaced by the National Innovation visa.

The National Innovation Visa will be introduced in late 2024. This visa will target talented migrants – such as entrepreneurs & major investors – in key sectors. The details of the visa are yet to be confirmed.

Subclass 482 changes  – required work experience reduced 

Work experience requirements for the Temporary Skill Shortage visa (Subclass 482) will be reduced from two years to one year from 23 November 2024. 

Student Visas

The government will propose a numbers of legislation changes for international students. These include:

  • capping the number of international students that can be enrolled by the education providers (colleges & universities)
  • allowing education providers to go over these caps  if they invest in student-specific accommodation
  • significant application fees increases  

Theses changes are in addition to  recent announcements that applicants will also have to meet higher English language requirements, as well as financial capacity evidence.

Our view

It appears clear that there will be  opportunities for talented people, business & investors  who can contribute to Australia in key skill shortage areas and target sectors. 

It’s likely that those that work in healthcare and STEM will  have more opportunities than others. Education and trade/construction workers too.

It doesn’t necessarily mean there won’t be opportunities for others. However you will have to be ready to act. These will likely be through state/territory nominated visas – Subclass 190 & 491. Or employer sponsored visas such as the Subclass 482.

As some of the the states/territories have exhausted their 2023-34 allocations,  they will be eagerly waiting their 2024-25 cap. Applicants should look out for these state/territory announcements as we get closer to the 1st July 2024. 

Business owners & investors have had reduced visa opportunities in recent years. Culminating in the formal closure of the BIIP program.  Whilst the details are yet to be released, the National Innovation visa will be warmly welcomed. 

In particular the target sectors will be eagerly awaited. Whether these will mirror the recent target sectors under the Global Talent visa remains to be seen.  

Whether there is a pathway for investors also be keenly watched. Especially as the recent  Australia migration review suggested that the BIIP  pathway for major investors, e.g. $5m AUD+, provided a favourable outcome for Australia. A continuation of an investment pathway would be warmly welcomed. It would also allow Australia to continue to offer a pathway that competing migrant countries provide.  

If you would like would like to discuss the budget, or any matter raised, please Contact Us. 

 

State/Territory nominated visas are reopening

Australian visas update – August 2022

The states & territories have been provided some of 2022-23 visa allocations and are opening up nomination for the following visas: 

  • Skilled – Nominated (Subclass 190)
  • Skilled Work Regional (Provisional) (Subclass 491)
  • Business Innovation and Investment Program (BIIP) (Subclass 188)

    Migration Program planning levels

As a consequence a number of state/territory governments have either released their nomination requirements, or will do so very soon.

For further information for each state/territory please check our blog in the coming days & weeks, or get in Contact.

  • Office: +44  (0)800772 0570
  • Mobile: + 44  (0)7710 649194
  • Email:  mark@cargilmigration.com

GSM visas – State/Territory nomination update

July 2021 – Changes to business & investment migration program

Update – Australia business and investor visas

The DHA have announced changes to their business and investment migration program.

Details about the current business and investment visa options can be found here .

If you would to discuss your options please Contact Us 

Update: GSM visas update as at January 2021

Update: GSM visas update

Whilst Australia has continued to confirm its previously stated commitment to skilled migration, it is still yet to re-open fully.

Now we have entered a New Year we are hopefully we will start to see some subclass 189 visa invites issued this month.

If invites are issued it is likely to be for those in occupations on the Priority Migration Skilled Occupation List (PMSOL). The 18 PMSOL occupations (ANZSCO code) are:

  • Chief Executive or Managing Director (111111)
  • Construction Project Manager (133111)
  • Mechanical Engineer (233512)
  • General Practitioner (253111)
  • Resident Medical Officer (253112)
  • Psychiatrist (253411)
  • Medical Practitioner nec (253999)
  • Midwife (254111)
  • Registered Nurse (Aged Care) (254412)
  • Registered Nurse (Critical Care and Emergency) (254415)
  • Registered Nurse (Medical) (254418)
  • Registered Nurse (Mental Health) (254422)
  • Registered Nurse (Perioperative) (254423)
  • Registered Nurses nec (254499)
  • Developer Programmer (261312)
  • Software Engineer (261313)
  • Social Worker (272511)
  • Maintenance Planner (312911)

For applicants hoping to be invited for either the Subclass 190 & 491 visas state/territory nominated visa , the focus remains very much on applicants already in Australia. Unfortunately at present the options for offshore applicants are very limited. A current status for each state/territory is below.

  • ACT – Remains closed to overseas applicants. 
  • QLD – Remains closed at present.  
  • NSW – The specific occupations referred to below will be posted on this blog shortly.
    • Eligible applicants for the Subclass 190 must be invited to apply for NSW Nomination. They have to be onshore.
    • Eligible applicants, including those offshore, for the Subclass 491 can apply to be nominated for NSW Nomination.
  • NT –  The program is suspended until further notice for all new applications. 
  • SA – Applications for state nominations for skilled migration are closed until further notice.
  • TAS – Tasmanian Nominated Skilled Migration Program will reopen with updated requirements to general applications on 29 January 2021. There are some limited interim arrangements in place. 
  • VIC – The skilled visa program remains closed for offshore applicants. 
  • WA – The skilled visa program remains closed for offshore applicants. 

If you would to discuss your options and/or register your interest for updates,  please Contact Us 

Update: Australian visa program changes – announcement due 6th October 2020

Australian visa 2020/2021 

As mentioned previously in this blog, changes to the Australian visa program are due to be announced from 6th October, 2020. This date marks the day the delayed 2020 budget is to be released.

While the details haven’t been confirmed it is expected that the Australian visa program numbers will be greatly reduced, and focused on skills that assist Australia’s economic recovery.

It is expected that the states/territories will also announce their nomination programs shortly too.

If you want to discuss how you are effected, your current visa application or your visa options going forward please Contact Us

  • Office: +44 (0)800772 0570
  • Mobile: + 44 (0)7710 649194
  • Email: mark@cargilmigration.com

 

Queensland Skilled Occupation Lists (QSOL) closed until 1st July, 2019

Business and Skilled Migration Queensland have announced the following:

“Skilled visa nominations are now closed

BSMQ is now closed to receive EOI’s for the General Skilled Migration Program (GSM). The program will open again in the new financial year in July 2019. We will provide new QSOL lists and eligibility criteria prior to the program being re-opened in July will published on the BSMQ website.”

If you have any queries about what your visa options are please Contact Us.

Victoria – Business Migration program reopens

Victorian government announcement – 19th February, 2019

After closing down their business migration program in January, Victoria have announced that they will reopen their business migration program as of Tuesday 19th February, 2019.

” Business Innovation & Investment Program Update

Your interest in Victoria’s Business Innovation and Investment Program is highly valued and we thank you for your patience while select visa nomination applications have been on pause.

We are pleased to advise that Victoria will begin issuing invitations and assessing nomination applications for affected business and investor visas subclasses from
18 February 2019.

Please note that an Expression of Interest (EOI) process will be introduced for the following visas:

  • 188 – Business Innovation Stream
  • 188 – Investor Stream
  • 188 – Entrepreneur Stream
  • 132 – Business Talent (Permanent) visa – Significant Business History stream
  • 132 – Business Talent (Permanent) visa – Venture Capital Entrepreneur stream

Applicants will now need to submit an EOI for the relevant visa subclass in the Department of Home Affairs’ SkillSelect and indicate their interest for Victorian nomination.

Applicants do not need to notify Victoria’s Skilled & Business Migration Program that they have submitted an EOI.

Please note that EOIs submitted before 18 February 2019 in the SkillSelect system will not be considered. You will need to resubmit to be considered for Victorian nomination.”

If you have lodged, or are considering lodging a business nomination application for Victoria please Contact Us to discuss this further.

 

Update – Victorian business migration nomination

Victorian government announcement – January 7th, 2019

“Victoria has temporarily closed applications for nomination of certain business and investor visas.

Victoria is currently experiencing a high volume of applications for nomination for select business and investor visas. To help manage this demand, and meet our service commitments to you, we are temporarily not accepting new applications for the following visa sub-classes:

• 188 – Business Innovation stream
• 188 – Significant Investor stream
• 188 – Investor stream
• 188 – Entrepreneur stream
• 132 – Business Talent (Permanent) – Significant Business History stream
• 132 – Business Talent (Permanent) –  Venture Capital Entrepreneur stream

We will continue to assess all nomination applications received prior to 5 January 2019, however please be advised delays may occur in providing outcomes for these applications.

Your interest in the Business Innovation & Investment Program is highly valued and we hope to reopen the program shortly. We cannot provide a specific date or timeframe at this point, however encourage you to visit the Live in Melbourne website regularly for program updates.”

If you have any questions regarding Victorian business migration, either now or in the future, please Contact Us.

QLD Business migration update – 2nd January 2019

Business & Skilled Migration Queensland (BSMQ) temporarily suspends new invitations for business migration – will open again at a date to be advised https://t.co/nLPMWTsS2n— Australian visas (@CargilMigration) January 2, 2019

Brisbane

If you want to discuss how this will effect you, or plan for an application once the program opens again please Contact Us