The recent federal budget has introduced several changes to Australia’s Migration Program for 2024-25. Here’s what you need to know:

Migration Places:
Australia’s Migration Program for 2024-25 will include 185,000 places, with 132,200 (70%) allocated to skilled workers. This adjustment reflects a slight decrease from the previous year’s allocation but continues to emphasize the importance of skilled migration for Australia’s economic growth and development

Planning Horizon:
Starting in 2025-26, the planning horizon will extend to four years. This change is designed to provide greater predictability for applicants and ensure more consistent and effective long-term migration planning across various sectors.

Skilled Migration Overall Reduction:
The government has slightly reduced overall skilled migration numbers by just over 5,000, leaving a total of 132,200 places. This adjustment balances the need for skilled migrants with broader immigration targets.

Skilled Independent Applicants:
This category will be most affected, losing over 13,000 spots for a total allocation of 16,900. Applicants in this stream may face increased competition.

Employer-Sponsored Migrants:
There will be more opportunities here, with over 7,000 new places available, making employer sponsorship a more viable route for many skilled workers.

Temporary Skill Shortage Visa:
From 23 November 2024, the work experience requirement for the Temporary Skill Shortage visa (subclass 482) will be reduced from two years to one year. This change aims to make it easier and faster for skilled workers to qualify, addressing immediate skill shortages more effectively.

National Innovation Visa:
Replacing the Global Talent visa from late 2024, the new National Innovation visa aims to attract exceptionally talented migrants who can drive growth in critical sectors of national importance. This shift underscores Australia’s commitment to fostering innovation and maintaining its competitive edge globally.

BIIP Closure:
The Business Innovation and Investment Program (BIIP) will end, with refunds available from September 2024 for those who withdraw their applications. This decision reflects a move towards more streamlined and targeted migration pathways that better align with current economic priorities.

What This Means for You:
For skilled workers, these changes present both opportunities and challenges. The reduction in overall migration numbers means increased competition, especially for independent applicants.

If you are still considering migration, acting promptly is crucial. Navigating these changes can be complex, and delays or mistakes can impact your chances. This is where NTRUST can help. Our expert guidance ensures your application is accurate and timely, maximising your chances of success.