Changes in Australia's Immigration Policy: New Visas and Regulations for 2023-24

Highlights: Australia reforms its migration system

• New revisions have been made to Australian visa types with additional wage increments.
• The Home Affairs Minister released a 186-page Migration Review.
• Home Affairs Minister Claire O'Neil released a detailed review of the Australian Immigration system.
• The latest Australian Migration review proposes 32 possible changes that could be improved with no definite bits of advice.

https://www.youtube.com/watch?v=LunceUOt9K0

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Australia’s 5 main targeted constituencies

In a press meet with the National Press Club, Claire O'Neil suggested two significant changes with six critical pointers that will be addressed.

Increase in the Minimum labour wages

• The minimum salary for immigrants will be increased from the 1st of July, 2023.
• The decision to increase was also taken to support immigrants seeking sponsorship from an Australian employer.
• The Temporary Skilled Migration Income Threshold (TSMIT) was fixed at a rate of $53,000 for the past ten years.
• The revised Temporary Skilled Migration Income Threshold (TSMIT) will be increased to $70,000.

PR Pathways

• Temporary skilled workers can now apply for Australian permanent residency (PR).
• The new changes for temporary skilled workers will be implemented towards the end of 2023.
• As per the reports, a total of 2.1 million temporary skilled immigrants are currently residing in Australia.

Three latest migration tiers

Three principal levels that have been finalized for migration are given below –

• Light touch tier
• Mainstream skilled pathway
• For essential industries

A light touch tier:

• This will streamline the immigration process for workers who earn high wages.
• The new change is taken to improve the long processing time for the highly skilled worker visas.

Mainstream skilled pathway:

• This is primarily for middle-income earners that will most likely see a hike in the wage threshold.
• This will also focus on addressing the labor shortages in the country while bringing in fresh ways of managing them.

For essential industries:

• This is to control the entry of low-earning migrants migrating to Australia to work in the primary industries.

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Limited visa types

• The Home Affairs Minister plans on streamlining and scaling down over 100+ Australian visas and subclasses.
• The Significant Investor Provisional Visa, or the golden ticket visa, could be eliminated.

Skilled International Graduates

• The Immigration Reviews emphasizes the importance of sustaining highly talented international students with skills that can contribute to the growth of Australia's economy.
• The government plans to come up with immigration policies that can work on securing skilled graduate students with relevant skills and expertise.

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Australian points Test

• The Australian points system that filters candidates will likely receive new amendments to help select suitable candidates.
• The determinant factors for students willing to study in Australia and migrants who wish to migrate to Canada will be improved.

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