02/09/2022
Today’s news from Canberra’s Skill and Job Summit are very positive and encouraging for the Australian migration industry. Only hours ago, the Home Affairs Minister, Claire O’Neil has announced that Australia’s permanent migration cap will be increased by 35,000 to 195,000 in this financial year.
In doing this, the government has pledged to adopt a strong focus on permanent rather than temporary migration.
Clear consensus between government and key industry stakeholders has been established to support this move. The Albanese Government has committed to adopt a twofold approach that involves development of skilled migration pathways on one hand and strengthening (up-skilling) of the nation's domestic workforce, on the other. The current acute skills' crisis is anticipated to be alleviated by a combination of the two, increased migration intake and training of the domestic workers.
Based on this new initiative, regional areas are to get 34,000 permanent migrants, which is 9,000 higher than the previous target.
Immigration Minister, Andrew Giles, has pledged to clear current visa backlog, which is now accounting for about 900,000 applications, by increasing the department’s staffing levels to handle this increased workload. The excessively long processing times have had a significant negative impact on our economy.
Amongst many other speakers, Queensland premier, Anastasia Palaszczuk, has announced that her state alone will require 280,000 new workers by 2024/25, following a comprehensive dialogue between her government and the local business community.
So has, Qantas Chief Executive, Alan Joyce, indicated the same need to increase the skilled migrant’s intake, as according to his words, the pandemic related border restrictions have clearly highlighted how critical skilled migrants are to our economy and our ability to function properly.
In the same manner, Australian banking association Chief Executive, Anna Bligh, confirmed that the banking sector is another hardly hit sector “screaming out” for skilled workers.
Universities Australia Chief Executive, Catriona Jackson also attributed to this conversation adding that the government should focus on increasing retention rates for overseas students to help alleviate skills shortages.
The today’s announcement is in line with an Easy Pathway for Australian PR scheme, which was introduced at the beginning of this financial year aiming to primarily focus on Temporary Skill Shortage (TSS) subclass 482 visa holders.
It is estimated that there are in access of 52,000 holders of 482 and old 457 visa holders, who have given up hope of applying for Australian PR. But as per the new rules introduced on July 1, 2022, these visa holders can now apply for a Temporary Residence Transition (TRT) visa. Applying for a further visa will enable them to work and live permanently in Australia, if their employers nominate them.
To get eligible, candidates should have a valid subclass 482 or 457 visas, during the last two years. Candidates who resided in Australia from February 1, 2020, to December 14, 2021, can also apply for this visa, as well as, the subclass 457 visa holders who are under STSOL – Short-term Skilled Occupation List.
With record low unemployment rate in Australia at 3.4%, acute labour shortages across the entire economy and business groups screaming for more workers, the immediate outlook for Australian migration industry is quite bullish.
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