Treasurer Jim Chalmers recently unveiled the Australian government’s budget update, bringing changes for migration in 2024-25. Here’s a breakdown of what that could mean for you.

Permanent Migration Program 2024-25

The government has set the permanent Migration Program planning level for 2024-25 at 185,000 places (a 5000 place reduction from 2023-24), with the majority allocated to the Skill stream and the Family stream. Notable changes include increases in Employer-Sponsored Visas and State/Territory nominations, alongside reductions in Skilled Independent Visas, Business Innovation and Investment visas, and Global Talent visas.

Temporary Skill Shortage (subclass 482) Visa

From 23 November 2024, the work experience requirement for the Temporary Skill Shortage (subclass 482) visa will be halved from two years to one year for all applicants, aiming to streamline entry into the Australian workforce. This is excellent news for sponsored workers and widens the candidate pool for Australian employers.

National Innovation Visa

In late 2024, the current Global Talent visa (subclass 858) will be replaced by the National Innovation visa, focusing on exceptionally talented migrants who can drive growth in sectors of national importance.

Stay informed and contact us for any assistance in 2024-25: [email protected]