The Australian government released some detail into its immigration planning for 2020-21.
According to the information provided by the Prime Minister Scott Morrison, the planned ceiling for the Migration Program will remain at 160,000 places with family, business and employer visas prioritised.
The program will have a strong focus on attracting the best and brightest migrants from around the world, with a tripling of the Global Talent Independent program allocation to 15,000 places and an increase in the Business Innovation and Investment Program (BIIP) to 13,500 places. The BIIP will also be streamlined and reformed to ensure that investments are targeted at Australian venture capitals and emerging small and medium size businesses to support the economic recovery.
These are the highlights quoted from the budget papers regarding immigration:
From 1 July 2021, the Government will streamline and improve the operation of the Business Innovation and Investment Program (BIIP). The Government will introduce changes to improve the quality of investments and applicants. Visa application charges for BIIP visas will also be increased by an additional 11.3 per cent (above regular CPI indexation) on 1 July 2021.
For more information visit: https://minister.homeaffairs.gov.au
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