Key Points of the 2024-2025 Budget in Relation to Migration

Permanent Migration Program

The Government has set the 2024-25 permanent Migration Program planning level at 185,000 places, with 132,200 allocated to the Skill stream.

Work and Holiday Visa – China, Vietnam, and India

A visa pre-application (ballot) process will be introduced for the Work and Holiday (subclass 462) visa program for China, Vietnam, and India from 2024-25, with a $25 ballot charge indexed to the Consumer Price Index.

Mobility Arrangement for Talented Early-professionals Scheme (MATES)

Starting 1 November 2024, the MATES program will provide a mobility pathway for 3,000 Indian graduates and early career professionals to live and work in Australia for up to two years. The pre-application ballot charge is $25, and the application charge is $365, both indexed to the Consumer Price Index.

National Innovation Visa

From late 2024, the new National Innovation visa will replace the Global Talent visa (subclass 858), targeting exceptionally talented migrants to drive growth in key sectors.

Temporary Skill Shortage (subclass 482) Visa

From 23 November 2024, the work experience requirement for the Temporary Skill Shortage (subclass 482) visa will be reduced from two years to one year for all applicants.

For more detailed information, visit the official announcement. If you need further information or want to discuss your permanent residency pathways, contact us at +61415200707.

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