Australia’s Focus on Migration for Economic Recovery
As the Australian government released their 2020/2021 budget they outlined their migration program to support the country’s rebound from the pandemic through the creation of jobs and bringing high value investment to aid economic recovery.
In particular, the recruitment through the Global Talent Independent program will be tripled with a view to filling 15,000 places with high calibre talent from around the world. Equally, the Business Innovation and Investment Program (BIIP) will be increased to 13,500 places with specific focus on targeting Australian venture capitals and up and coming small and medium size businesses.
Migration will also be concentrated through the ‘family stream’ (77,300 places) including the partner category (72,300 places) as well as 13,700 places allocated for the Humanitarian program. The Government intends to improve settlement and the employment outcomes for entrants through the humanitarian program and developing a reform program for settlement services and the Community Sponsorship Program. It is anticipated that approximately two thirds of the new permanent residents coming into the country will be from within the ‘skilled stream’ and a third from the family stream.
The government has stated that the planned ceiling for the migration program will remain at 160,000 for 2020-2021.
Visa Application Charge refunds, waivers or visa extensions will be offered to visa holders who have not been able to travel to Australia due to the Coronavirus pandemic. It was also outlined that up on the re-opening of borders the VAC for working holiday makers and visitors will be waived to boost the tourist industry.
Further information on the Australian Government’s 2020-2021 budget and their plans for migration to aid the country’s economic recovery can be found on the Australian Government’s pages.
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