Federal Budget 2020-21
The Federal Budget was announced on the 6 October 2020 and brought in several changes to the Australian migration program. It predicts that net overseas migration will be – 71,200 less than the 154,000 persons in 2019-20 but is expected to gradually increase to around 201,000 in 2023-24.
Key points from the Federal Budget 2020-21
Family Migration (mainly Partner visa) allocation will increase from 47,732 to 77,300.
Employer Sponsored, Global Talent, Business Innovation and Investment Program visas will be prioritized within the Skilled Stream.
Global Talent visa allocation will triple from 5,000 spaces to 15,000.
Business and Investment visas will increase to 13,500 spaces.
Skilled Independent Migration (NZ Stream) will be offered concessions and eligible applicants will be encouraged to apply.
Refunds and waivers may be available to current visa holders who are unable to travel until the border reopens.
Increase in Partner visa, Business visa and Global Talent visa allocation will be offset by a reduction in the quota for Skilled Migration and other categories.
Priority will be given to applicants living in Regional Australia for the 2020-21 Migration Program. This may impact offshore visa applicants.
Partner visa – sponsor and applicant will need to meet English language requirements. Sponsor will be subject to a stricter character test.
Increased funding will be provided to the Federal Circuit Court (FCC) for additional resources and judges will be provided to expedite the resolution of migration matters.
To discuss these changes and arrange a consultation with one of our award-winning Registered Migration Agents, please call our office on 0490 324416 or send us an email at [email protected]
