The links below cover news and updates on migration, immigration and education in Australia, as reported in May 2015.
Check out our latest research and posts on Facebook at facebook.com/sydneymigrationagents. Follow us to be kept in the loop.
May 2015 migration news
What’s Covered in this Article?
- 1 1. Let’s go to New Zealand
- 2 2. Australian investor visas
- 3 3. South Australia Open for Business
- 4 4. Applications are now open for the 2015 Victoria University Sport Scholarships.
- 5 5. Is tele-commuting and high speed transport the key to Australian jobs in the future?
- 6 6. SkillSelect EOI Update
- 7 7. Australian Visa Application Charges Increase on 1 July 2015
- 8 8. Skilled migrants should remain the primary source of new entrants says Australian Industry Group chief.
- 9 9. Australia needs a new class of visa for low-skilled migrant workers.
- 10 10. Australian senator proposes selling citizenship.
- 11 11. Using Education Agents
- 12 12. Welders not lawyers: Business Council warns Australia needs to prepare for future jobs.
- 13 13. Lack of opportunities
- 14 14. NSW ranked top economic performer
- 15 15. UNSW shows new strengths in the 2015 rankings
- 16 16. UTS leaps into the world’s top 50 in communication and media.
1. Let’s go to New Zealand
For the first time in 24 years more Australians have moved to New Zealand to live and work than the other way around.
2. Australian investor visas
The Commonwealth Government has announced the new complying investment framework for the Significant Investor Visa (SIV) and Premium Investor Visa (PIV) programme. The Government intends that the framework will be implemented from 1 July 2015.
Austrade will also become a nominator for the SIV, alongside State and Territory Governments, and will be the sole nominator for the PIV.
Under the new framework, SIV applicants will be required to invest at least $5 million over four years in complying investments, which, under the new rules, must include:
At least $500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies. The Government expects to increase this to $1 million for new applications within two years as the market responds;
At least $1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX); and
A ‘balancing investment’ of up to $3 million in managed fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate).
Direct investment in real estate has never been a complying investment for SIV and this will not change under the new arrangements. Indirect investment in residential real estate through managed funds will also now be limited. Importantly, a SIV holder can still independently invest in residential real estate so long as it complies with foreign investment rules, but this would not count as a complying investment to qualify for a visa.
A link to the Government’s announcement and further information on the new complying investment framework for the SIV and PIV can be found on Austrade’s webpage https://www.austrade.gov.au/invest/significant-investor-visa-and-premium-investor-visa-programmes
3. South Australia Open for Business
A guide to starting a business in South Australia provides free help to understand some of the main requirements and relevant points for starting and operating a business in South Australia, including if you are looking to buy all or part of an existing business.
4. Applications are now open for the 2015 Victoria University Sport Scholarships.
5. Is tele-commuting and high speed transport the key to Australian jobs in the future?
Check the article “The future of employment in Australia”
6. SkillSelect EOI Update
Occupation ceiling for ICT Business and Systems Analysts (ANZSCO 2611) has been reached and no further invitations will be issued for this occupation for the Skilled – Independent (subclass 189) and Skilled – Regional provisional (subclass 489) until the next financial year. All 1620 places have been used.
5432 out of 5478 invitations issued for Accountants (2211) group, so only handful of places left till 30th June 2015.
4957 out of 5005 invitations issued for Software and Applications Programmers (2613) group.
Other occupation groups have plenty of invitations left.
Occupational ceilings do not apply to, State or Territory Nominated, Employer Sponsored or Business Innovation and Investment visa subclasses.
7. Australian Visa Application Charges Increase on 1 July 2015
Australian Immigration Department has announced increases in visa application charges (VAC) to a number of Australian visas from 1 July this year. Most of the increases are relatively small, in line with inflation, but there will be a substantial increase in the application fees for the Significant Investor Visa subclasses and also for offshore Partner visas (ie: partner visas being submitted by applicants while they are outside of Australia).
For more information about the precise increases, please check http://www.immi.gov.au/…/budget/VAC-increases-fact-sheet.pdf
8. Skilled migrants should remain the primary source of new entrants says Australian Industry Group chief.
9. Australia needs a new class of visa for low-skilled migrant workers.
This visa would be subject to strict independent labour-market testing so that only occupations that are in shortage can be accessed.
10. Australian senator proposes selling citizenship.
Liberal Party senator David Leyonhjelm says replacing qualitative criteria with a simple AU$50,000 fee will help Australia’s economy and deter asylum seekers making treacherous journeys across the sea.
11. Using Education Agents
The use of agents to attract international students to Australian universities is a threat to the system in the long term, the Productivity Commission has found.
Check the audio/podcast: http://www.abc.net.au/news/2015-05-01/commission-warns-of-threat-to-international-education/6436258
12. Welders not lawyers: Business Council warns Australia needs to prepare for future jobs.
Students are more likely to benefit from precision welding training than a legal education.
13. Lack of opportunities
Jobs and the economy are Australia’s biggest problem, according to a new poll on national identity from the Australian National University.
The research also found eight in 10 people believe immigrants play an important part in Australian society.
14. NSW ranked top economic performer
NSW has secured the number one spot in Australia’s economic rankings for the third consecutive quarter. This outcome confirms NSW’s status as an attractive location for interstate and international investment.
The result was highlighted in the April quarter State of the States CommSec report.
The State of the States report analyses each state according to eight key indicators: economic growth, retail spending, equipment investment, unemployment, construction work, population growth, housing finance and dwelling commencements.
In the December 2014 quarter, NSW shared the top spot of Australia’s economic performance rankings alongside the Northern Territory. However, in the April quarterly report, NSW has managed to push ahead to take sole ownership of the top ranking.
NSW has improved its position on housing finance and dwelling starts and is the strongest in the nation for new home construction.
15. UNSW shows new strengths in the 2015 rankings
UNSW has claimed the top spot nationally for Accounting and Finance in the 2015 QS university rankings, with 18 of our subject areas in the world’s top 50.
Rounding out UNSW’s five subjects in the top 20 are Civil and Structural Engineering (14), Law and Psychology (both 15), with the newly introduced subject area of Business and Management Studies ranked 19th.
16. UTS leaps into the world’s top 50 in communication and media.
UTS was among the world’s elite institutions in 12 of the 36 subjects, including accounting and finance, art and design, business and management studies (top 100) and engineering – civil and structural, environmental sciences, economics and econometrics and law (top 150)
Contact a migration agent or have a quick chat by clicking the chat window at the bottom
Maninder.com can connect you with registered Australian migration agent.
You can call at +61 07 5641 0306 (Queensland, Australia) and speak to a migration specialist or send your query via the form below