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The Australian Government states that these changes will be
with the intention of reducing migrant numbers.
As part of the changes being introduced, everyone wishing to emigrate must demonstrate how they will bring an economic benefit unless they are fortunate enough to be a spouse or parent of an Australian Resident.
The most popular routes will remain the skilled worker streams or becoming an entrepreneur or investor.
Both options will have stringent eligibility criteria.
Australia intends to halve the number of skilled migrant workers it accepts each year from 2025. It wants to reduce the opportunities to secure Permanent Residency on Arrival.
The proposed changes will also make it more difficult for employers to sponsor overseas workers.
Entrepreneur / Investor
As skilled migration continues to become more challenging, this route has grown in popularity as a secure pathway to Permanent Residency:
Must be under 55 years old
Previous business or investment experience
Hold a minimum Net worth
No specific skills required
1,900 places remain available for 2024
The Entrepreneur/Investor route is fast becoming the preferred option for able to invest.
Completes our free assessment to receive your copy of the Government report in full.
“For your peace of mind and protection, emigrate with complete confidence.”
On May 9, 2023, the Australian Government set the annual planning level for the 2023–24 Permanent Migration Program at 190,000 places. This initiative is designed to address persistent and emerging skills shortages, attracting individuals with specialist skills that are scarce within Australia. The program aims to boost resilience and productivity and support Australia’s economic transition to net-zero emissions while fostering social cohesion and strengthening family and community bonds.
The 2023–24 program allocates 137,100 places to the Skill stream, approximately 72% of the total program. This segment is tailored to enhance the economy’s productive capacity and address labour market skill shortages, including those in regional areas.
Our team provide expert guidance through each stage of the emigration process, from securing the necessary skills and accreditation to receiving our clients’ permanent residency in Australia.
Allocating 52,500 places, or about 28% of the program, the Family stream primarily comprises Partner visas. This segment facilitates family reunification, promoting social cohesion and supporting the Australian demographic structure by mitigating the ageing population’s effects.
While Parent visas become more difficult to secure in 2023-24, our team ensures we tailor cases to provide fast outcomes with the highest possibility of success.
The program emphasises skilled migration, with 30,375 places for Skilled Independent visas and a slight increase in Employer Sponsored visas to 36,825 places. These categories are critical for supplementing Australia’s workforce with high-demand skills.
While it is a complex process that requires navigating various government departments, we offer our clients an opportunity to start their own businesses and secure a self-sponsorship visa if they would prefer to work for themselves rather than find an employer.
The BIIP sees a reduction in its allocation to 1,900 places, focusing on addressing immediate workforce shortages and supporting economic growth through business and entrepreneurial innovation. Our team provide tailored solutions to ensure our clients secure a place under this scheme. Our team is on hand to discuss your options further.
The program continues to attract exceptional talent globally, maintaining 5,000 places in the Global Talent visa category.
With strict qualifying criteria, as you may expect, we are proud of our successes to date. We continue to strive to support our client’s endeavours in demonstrating their talents to secure Permanent Residency.
The Australian Government is investing in additional visa processing officers and upgrading ICT systems to improve visa service delivery efficiency. These efforts aim to increase processing capacity and enhance Australia’s global competitiveness in attracting skilled migrants.
The planning levels and policy settings for the 2023–24 Migration Program were informed by consultations with state and territory governments, industry, academia, unions, and community organisations. This collaborative approach ensures the program aligns with Australia’s economic needs and global migration trends.
The 2023–24 Permanent Migration Program is a strategic response to Australia’s current and future needs. It attempts to balance skill acquisition with family reunification to support economic growth and social cohesion.
For the 2023–24, the Australian Government has set aside 30,375 places for Skilled Independent visas.
This represents a slight decrease from the previous year’s allocation of 32,100 places. The reduction mainly reflects the closure of the New Zealand stream within the subclass 189 (Skilled – Independent) visa from 1 July 2023, introducing a new pathway directly to citizenship for eligible Special Category Visa holders.
The 2023–24 Migration Program emphasizes skilled migration to support Australian industry and businesses.
By maintaining a significant portion of the program for skilled migrants, the Government aims to address both immediate workforce shortages and long-term economic growth, ensuring migrants have pathways to permanent residency and citizenship.
The BIIP visa category has seen its planning level reduced from 5,000 visas in the 2022–23 program to 1,900 visas for 2023–24.
This adjustment aims to sharpen the focus of the permanent Migration Program on addressing immediate workforce shortages, ensuring that business and investor migrants who contribute significantly to Australia’s economic growth are prioritised.
The allocation for the Global Talent Visa Program remains steady at 5,000 places for 2023–24.
This consistency ensures Australia continues to attract and retain exceptional international talent, maintaining its competitive edge as a top destination amidst global talent competition.
The family stream remains an integral part of Australia’s migration framework, and its overall size has not changed.
It facilitates the reunion of Australian citizens and permanent residents with their family members, highlighting the significance of family migration in fostering social cohesion. Notably, the Partner visa category, which has shifted to a demand-driven model, is the largest within this stream.
To enhance visa processing, the Government is extending funding for an additional 500 visa officers and investing $27.8 million over two years to upgrade visa ICT systems.
These measures aim to boost processing capacity and efficiency and increase Australia’s global appeal for talent, students, and tourists.
States and territories have specific nomination allocations within the Migration Program for the Skilled – Nominated (subclass 190) and Skilled Work Regional (Provisional) (subclass 491) visa categories, as well as for the Business Innovation and Investors Programme.
These jurisdictions assess applicants against their unique criteria, focusing on meeting local workforce and economic development needs.
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