Australian Immigration Laws 2021 Summarized Explained
2019 to 2020 was an exceptional year due to the effect of COVID-19. Numerous changes took place during Australian Immigration, ranging from closing the border to lockdown and travel bans. As we approach 2021, we’ve decided to outline the changes in Immigration that are scheduled to be implemented.
Are you prepared for Australian immigration changes that will take place in 2021? Let’s examine the changes planned for Australian Immigration.
Immigration Program Levels
The program’s level for migration is expected to remain at 160,000 during 2020-21. While the quota was identical, the distribution of the percentage could be altered. Families will rise from 47,732 spots to 77.300. To ensure Australia attracts skilled individuals to assist in recovering the economy, Employer-Sponsored and global Talent, Business Innovation, and Investment Program visas are given first preference. Onshore visa applicants, as well as partner visa applicants from regions, will also be given priority. This will encourage the flow of people into regional areas of Australia.
Business, Investment and Innovation Program
The 2020-21 migration plan aims to boost the economy after COVID-19. This is why the number of places for the investment, business, and innovation program has grown to 13500. The government is planning to streamline and improve the efficiency of the Business Innovation and Investment Program beginning on July 1, 2021. The cost for visa applications will also rise by 11.3 percentage from July 1, 2021.
One of the significant modifications is that requirements to be Business Innovation visa holders will be increased to ensure that the program is attracted by immigrants who have demonstrated business acumen. Visa holders for Business Innovation will have to possess personal and business capital that is $1.25 million (up from $800,000) and be able to show a turnover in the range of $750,000 (up from $500,000) to demonstrate their ability to run a business.
Global Talent Independent program
The Global Business and Talent Attraction Taskforce will be formed. This task force aims to bring internationally-based businesses and top Talent to Australia to assist in the recovery of the economy post-COVID-19. It is a continuation of the Global Talent Initiative and Business Innovation and Investment Program.
Subclass 485
The Department of Home Affairs has launched a new initiative to grant an Additional Temporary Graduate visa, which includes an additional one or two years of work rights post-study for international students who
Graduate at the local campus or regional campuses of a recognized university or an institution that has higher education or postgraduate certification and
Continue to reside in a region. In the meantime, they are awaiting their initial Temporary Graduate (subclass 485) visa.
The second temporary Graduate visa will require continuous residency in a region.
Regional Australia, for this reason, will be similar to the definition of skilled migration across Australia except for Sydney, Melbourne, and Brisbane.
Global Talent (subclass 858) visa program
Global Talent Independent student eligibility changes
New requirements for student eligibility to be eligible for participation in the Global Talent Independent program. Global Talent Independent program was included in the Procedural Instruction update on January 20, 2021.
Ph.D. graduates who have completed their Ph.D. within the past three years will be eligible. However, those who received their degree overseas through a non-Australian educational institution must prove that their Ph.D. corresponds to Australian standards.
Ph.D. students nearing finishing their PhDs need to prove they have a previous record of outstanding and exceptional professional achievements and that the Ph.D. will be in line with Australian standards.
Master with Honours and Bachelor with Honors. Masters through Coursework and Masters by Research graduates can be no longer eligible only due to having earned an award in a prioritized sector.
The changes will ensure that Australia is a magnet for the best in Global Talent to support the development of new jobs and industries that will help to ensure that Australia’s economy recovers from COVID-19.
Change of name in the Visa and transitional arrangements
On February 27, 2021, on February 27, 2021, Distinguished Talent (subclass 858) visa was changed to as Global Talent (subclass 858) visa. Global Talent (subclass 858) visa.
As of today, the Distinguished Talent (subclass 124) or Global Talent (subclass 858) visa may be granted to those who meet the requirements and who reside either in or out of Australia. This is subject to the condition that they are not under immigration clearance when the decision is taken.
New Global Talent Priority sectors
On December 17 of 2020, the Ministerial Direction no.89 became effective and contains a revised listing of Global Talent priority sectors:
Resources
Agri-food and AgTech
Circular economy
Digitech
Tourism and infrastructure
FinTech and financial services FinTech
Education
Energy
Health industries
Advanced manufacturing, defense, and space
The Global Business and Talent Attraction Taskforce
In the last year, amid global uncertainty triggered by COVID-19, the government unveiled a comprehensive plan for growth in the economy, using the JobMaker Plan, a key tool to boost growth in the Australian economy. To create a plethora of quality jobs for Australians, The Premier established the Global Business and Talent Attraction Taskforce. The Prime Minister described the Taskforce’s mission in terms of “Australia’s brain gain.”
The task force is a government-sponsored initiative that aims to attract Australia’s best and brightest talent and businesses. It is geared towards high-yield companies that can bring innovative technologies, cutting-edge technology, capital, and IP to Australia.
The Taskforce focuses on highly skilled people and experts in their field, who can drive forward with innovation. The Taskforce is seeking the most successful businesses with high growth potential and highly qualified professionals working in the future-oriented industries to relocate to Australia and create the ideas they have here.
The Taskforce assists in transferring top executives, employees, staff from the company and their families by providing flexible visa arrangements to speed move them to Australia. It will help them connect with the business and industry ecosystems to assist them in hitting the starting line.
On February 27, 2021, changes were implemented to boost Australia’s competitiveness as a destination for relocation and allow it to be more accessible and quicker for high-quality talents and businesses with high value to relocate to contribute to the post-COVID recovery of Australia’s economy.
The modifications to the Global Talent visa (formerly known as the Distinguished Talent visa) include the ability of the Taskforce to directly nominate highly talented candidates that can contribute significantly to Australia’s economy. Australian economy.
The other changes made are the possibility of a temporary work visa to allow for the quick temporary transfer (up of 18-months) of highly skilled employees to Australia to establish a “beach-head to relocate their business. The visa option will be accessible through an option called the Temporary Activity Visa (subclass 408), the Australian Government Endorsed Events stream, and the Post COVID-19, an Economic Recovery event. Possibility of up to 10 visas will be offered to businesses that are moving through this stream.
