Friday, November 22, 2024

Australia announced changes in Migration policy to give a boost to economy

The new system will replace the point system that allows people of certain skill sets to be selected

PRABASISAMWAD.COM

Australia has announced reforms in its Migration policy to bring in people better suited for the Australian economy, Hindustan Times reports.

This new system will replace the point system that allows people of certain skill sets to be selected.

“Our migration system … is broken. It is failing our businesses; it is failing migrants themselves. And most importantly, it is failing Australians. That cannot continue,” home affairs minister Clare O’Neil said. To attract more skilled migrants, Australia will introduce a system similar to those used by Canada and Germany. The government also pledged to make the visa process for high-skilled professionals quicker and easier, and to take steps to retain international students.

  • From 1 July 2023, the government will raise the migrant wage threshold for temporary skilled workers to AUD 70,000 from AUD 53,900

  • This marks the first time the threshold has been increased since 2013. The changes to the immigration system aim to help Australia address the challenge of an ageing population and attract more highly skilled workers

Temporary skilled visa holders who have been denied the chance to apply for permanent residency will be able to do so by the end of 2023. In September 2022, Australia raised its intake of permanent migrants to 195,000, an increase of 35,000, in response to widespread staff shortages experienced by businesses.

From 1 July 2023, the government will raise the migrant wage threshold for temporary skilled workers to AUD 70,000 from AUD 53,900. This marks the first time the threshold has been increased since 2013. The changes to the immigration system aim to help Australia address the challenge of an ageing population and attract more highly skilled workers.

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Mohammad Sadiq
Mohammad Sadiq
Information is Mohammad Sadiq’s passion. Pursuing journalism, he has a knack for movies, books, wildlife and information. In his years as a STEM student, he understood the power of information and quickly moved towards journalism which placed him in the enviable position where he can indulge in his interest of learning more about the world.

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