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Australia increases Business

Australia unveils its 2020-21 Immigration Levels Plan

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Due to an unexpected burst of pandemic, the Federal Budget was delayed from its usual month of May. It was later released in the first week of October. And Immigration is slated to play a significant role in Australia’s economic recovery and response to COVID-19. 

The Department of Home Affairs published its 2020-21 Immigration Levels Plan on the outcome of the Federal Budget. On the outlook, Family Immigration streams are seen to be the biggest gainer with 82% increase in allocations. It also issued clarification regarding English language requirements for partner visas in a separate press release.  

Australia immigration

2020-2021 Immigration Levels Plan

The total planning levels remained at 160,000 for 2020-2021. However in comparison to last year’s allocations for individual programs, the differences are stark. 

As expected, the General Skilled Migration (GSM) visas took a significant backlash with a downfall of about 55% over the last year. It is aimed at highly skilled foreign workers under Subclass 189 – Skilled – Independent visa, Subclass 190 – Skilled – Nominated visa, and Subclass 491 – Skilled Work Regional (Provisional) visa.

Net overseas migration (NOM) which includes permanent and some temporary visa holders, is expected to fall from 154,000 last program year (2019-20) to -72,000 (more people departing Australia than arriving) by the end of 2021. However, it will gradually increase to around 201,000 by 2023-24

What went Up? 

Skilled Stream
Business Innovation and Investment Program13,500 allocations
Global Talent15,000 allocations
Family Stream
Partner Visa72,300 allocations
Family Visa77,300 allocations

 

Business visa options allows eligible investors, entrepreneurs to submit a financial plan and obtain Australian residence in quick time. The Global Talent Visa Program, also known as the Global Talent Independent Program, is a streamlined visa pathway for highly skilled professionals to work and live permanently in Australia. Interested applicants must be employed in key industries of Australia including Energy, Cybersecurity, FinTech, etc. 

Partner visa option is for people in a long-term partner relationship. Such applicants are not subjected to the two-year wait-out period for a permanent visa. 

Take this free online assessment to determine your eligibility for various immigration programs. 

 

What went Down?

Skilled Stream
Employer-Sponsored22,000 allocations
Skilled Independent 6,500 allocations
Regional Visa11,200 allocations
State/Territory Nominated11,200 allocations

 

The nominations of health and medical professionals continues to dominate the Australian immigration scenes. 

Australian borders remain closed for international travelers. The country is showing more dependence on immigrants on-shore by nominating them to apply for permanent residence. However with the release of immigration levels plan, off-shore nomination will be given a boost, especially in business and family streams. 

CanApprove is a registered MARA-consultant for successful immigration to Australia. Interested off-shore aspirants can work on their skill-requirements unless Australia fully opens up its borders. 

 

For further details based on your profile, book your exclusive appointment with our consultants today! 

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