Australia will process visas faster for high earners - Anthony Albanese, Prime Minister

Highlights: Australia announces the latest Migration Plan for FY 2023-24

• Australia announced the latest migration plan for the FY 2023-24.
• The migration strategy includes immigration changes for international students and visa processing times.
• As per reports, over 650,000 international students currently reside in Australia, with plans to apply for additional visas.
• The government recently raised the income requirement for Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000.

 

 

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The Key Details of the Australian Migration Strategy  

Australia released the Australia Migration Plan FY 2023-24. This comes after the recent update in the salary requirement for the Temporary Skilled Migration Income Threshold (TSMIT) that increased from $53,900 to $70,000.

 

 Here are the major takeaways of the Migration Plan FY 2023-24:

 

Language Tests for International Students:

The Australian government emphasizes language tests for international students who wish to study in Australia. The language restrictions will benefit the students by improving their study experience and promoting the country's education sector.

The IELTS requirement for students applying for Australia visa is as follows:

Australia Visa	Previous IELTS score requirement	Latest IELTS score requirement
Graduate visa	6	6.5
Student visa	5.5	6

 

The present Australian system is recruiting candidates for employment roles that are below their skill level:

 

• 1/3 of international students work jobs at their skill level when compared to domestic graduates.
• More than ½ of the international students are employed in the lowest skills bracket.
• The average salary of graduates with an International Master's degree is $30,000 less than that of native Australians.

 

As per data, around 108,000 international students have resided in Australia over the past five years, shifting the visa types.

 

 

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Faster visa processing for high-earners:

The visas that are on the top end are set to be fast-tracked. Individuals employed with salaries of over $135,000 will have an expedited visa processing time. The government introduced a new "Specialist pathway" to ensure the visas are processed within an average of 7 working days.

Individuals with in-demand skills will also have a streamlined PR pathway to boost the overall job market in the country.

 

 

Regulation of Migration for Lower-paid workers:

The government plans to regulate migration for lower-paid workers with skills that can be used in the future. The changes are set to offer flexibility for workers to switch jobs, also eliminating unfair treatment. The significant difference that will come into effect is the elimination of bonded labor.

 

 

*Looking to work in Australia? Avail Y-Axis Job Search Services for complete job support.

 

 

Also Read…

ACT Nominations: Australia Canberra Draw invited 168 candidates

South Australia Skilled Migration Program is open for FY 2023-24 nominations. Register now!

 

 

*Looking for step-by-step assistance to migrate to Australia? Consult Y-Axis, the top Overseas Immigration Company in UAE.

 

For further Immigration updates, do check out Y-Axis Australia Immigration updates

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