The federal budget of Australia has revealed that the country will retain its migration cap of 160,000 places per year. Australia will also take measures to attract the “best and brightest” foreign skilled workers to the country. With this aim, Australia will triple the allocation for the Global Talent Independent program to 15000 places.
The allocation for Business Innovation and Investment Program will also be increased to 13500 places. Further, the allocation under the family reunion stream will be increased from 47,732 to 77,300 places for the current financial year. Two thirds of all new people coming to Australia will be skilled workers.
Australia will prioritize Employee Sponsored, Global Talent, Business Innovation and Investment Program visas. Similarly, onshore visa applicants living in designated regional areas as well as partner visa applicants who have sponsor residing in the same region will also enjoy priority. With an aim to promote economic participation, an English language requirement will be introduced for the applicants of partner visa as well as their permanent resident sponsors.
Australia closed its borders on March 18 for all except citizens, permanent residents as well as immediate family members and people who were granted special exemption, with an aim to prevent the spread of COVID-19. The Australia government expects that the population-wide COVID-19 vaccine can be made available by the end of 2021 after which borders can be reopened gradually.
For the first time since World War II, the net migration intake of Australia will fall into negative levels, according to the federal budget. That means the population growth of the country will be just 0.2 percent in the current financial year, the slowest growth in more than a century.
Net overseas migration numbers means how many people will enter Australia and stay for more than 12 months, compared to the number people who will leave the country during the same period. Overseas migration usually accounts for two-third of the population growth for Australia.
As per the budget, the population of Australia is expected to grow to almost 26 million in 2022. It means approximately one million fewer people than what was predicted for the same period in last year’s budget.
Skilled workers will be enjoying the highest priority in migration in the coming future. Check your eligibility for Australia migration by filling our free online assessment form.