The Economic Recovery Plan for Australia will create jobs, rebuild our economy and secure Australia’s future is the key message of Australia's Federal Budget 2020-21
Following are the highlights of announcements and information related to the Department of Home Affairs and the migration program following the Australian Federal Budget for 2020-21 announcement.
Net overseas migration will be -71,200 less than the 154,000 persons in 2019-20, but is expected to gradually increase to around 201,000 in 2023-24.
Migration Program levels
The current Migration Program Planning level will remain at 160,000 for the 2020-21 program year, however, the distribution of places will change with an increase from 47,732 to 77,300 for Family stream places for this program year only.
Employer Sponsored, Global Talent, Business Innovation and Investment Program visas will be prioritised within the Skilled Stream.
Go Regional
Onshore visa applicants and Partner visa applicants where the relevant sponsor resides in a designated regional area, will be prioritised for the 2020-21 Migration Program.
Business, Investment and Innovation Program
The Government will introduce changes to improve the quality of investments and applicants. The program will focus on higher value investors, business owners and entrepreneurs and improve the economic outcomes of the BIIP. Places in this program will be increased to 13,500.
Global Talent Independent program
Places in the GTI program will be tripled to 15,000.
Family stream program and visas
Partner visas - the mandatory family sponsorship provisions for Partner visas will be implemented, requiring character checks and sharing of personal information with the applicant, and enforceable sponsorship obligations. 72,300 of the 77,300 places in the family stream will be allocated to partner applicants.
The full Federal Budget papers can be accessed on the Budget.gov.au site.
Onshore Student Visa and Post Study Visa holders can write to us to discuss their migration options at info@askaanconsulting.com.au
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