The Australian Government has announced that a new Global Talent Scheme will come into effect from 1st July 2018 and will be trialled for one year.
The new visa is designed to attract highly skilled workers from around the globe.
It is believed that the new visa will attract people with exceptional technical skills and talent, which can be transferred to the Australian work-force and in turn encourage business growth.
Global Talent Stream Components
The Global Talent Scheme will consist of two components. Established businesses with an annual turnover of more than $4 million will be able to sponsor highly skilled and experienced individuals for positions with earnings above $180,000 into Australia.
The employers will need to be able to demonstrate that they prioritise the employment of Australians and that there will be skills transfer to Australian workers as a result of the person being granted a visa.
The sponsoring business must have a track record of hiring and training Australians.
Technology-based and STEM-related start-up businesses will also be able to sponsor experienced people with specialised technology skills.
Start-ups will need to be recognised by a start-up authority and demonstrate that they prioritise the employment of Australians.
In the both instances, a four year Temporary Skill Shortage visa will be issued with permanent residence applications available after three years.
The Government will consult further on the details of the scheme over the next few months, before piloting it for 12 months, starting 1 July 2018. An industry advisory group will provide ongoing guidance for the pilot.
Commenting on the new visa option, Minister for Jobs and Innovation, Michaelia Cash said: “Industry figures say globally mobile, highly skilled and experienced staff can act as ‘job multipliers’ in Australian businesses, helping them to hire more local staff and fill critical areas of need.”