The government (federal) will establish a new, high-skilled migration stream that will fast-track visas for 5000 of the world’s best and brightest every year with the aim of entrenching high-tech industries in Australia.
David Coleman (Immigration Minister ) will announced the Global Talent Independent Program on 13th of August and will seek the advice of a small panel of Australia’s high achievers in the fields of academia and business over which industries to pursue.
The Home Affairs department has already sent officials to Berlin and others will depart next month to Boston, Singapore, Shanghai and Dubai to start spruiking the program and recruiting talent.( Said by Mr Coleman)
People with advanced degrees or experience from leading global institutions such as MIT, Stanford and Oxford. They will be tasked with scouting and recruiting
Potential sectors that will be targeted include (agricultural technology, fintech and quantum computing).
Mr Coleman said-
“It’s the first ever sustained effort to recruit people overseas through our permanent migration program,”
The 5000 migrants will not be additional to the annual immigration cap of 160,000 implemented by Scott Morrison. They will be incorporated in the current annual skilled migration cap of 70,000 which is part of the overall intake of 160,000.
Mr Coleman, who will detail the scheme in a speech on Tuesday night to The Sydney Institute, said the plan was to focus the visa in no more than five or six key industries to ensure they flourished, rather than spread them too thin.
Mr Coleman said:-“The goal of the Global Talent program is to help develop Australian companies in high-growth industries,”
“Successful companies in high growth industries create large numbers of local jobs and more jobs over time.
“We’ll be focusing on the biggest opportunities for Australia over the coming years.
“Highly skilled migrants often develop ideas, products or services that enable local companies to grow, and employ more Australians. By attracting the best and the brightest, we will help to ensure that Australian companies can compete in a global and rapidly changing environment.”
Mr Coleman said that under the new scheme, the process would be done in weeks.Typically, it can take months or eve years for residency visas to be issued to even skilled migrants.
The usual due diligence checks would be done but otherwise entry would be fast-racked and the migrants would have a specific contact within the department handling their case, rather than a call centre.
Over time the scheme “has the potential to have a transformative impact on the Australian economy” Said by Mr Coleman
They would have to be assured there were job opportunities that could be built on. To lure people to Australia,
Announcement builds on an employer sponsored, high skilled scheme announced last week by Mr Coleman.
Under the (GTES) Global-Talent Employer Sponsored program, businesses and start-ups will be given streamlined access to the talented or skilled workers they need.
The scheme was made permanent despite a 12 months pilot resulting in just over 20 workers employed from overseas.
while start-ups in the science, technology, engineering and mathematics field can apply for five.Under the program, two visa streams are available to fill specialised positions. Established businesses with a turnover of $4 million can apply for up to 20 visas for foreign workers annually, Twenty-three firms have struck agreements of up to five years with the government to bring workers into the country under the streamlined scheme. These include Rio Tinto, Coles, Atlassian and Cochlear.
Access to the GTES is monitored by an advisory panel which is chaired by Alex McCauley and endorses eligible start-ups.
Similarly, the government would be advised by a panel of about three members on which experts and sectors to target under the Global Talent Independent Program. Said by Mr Coleman
It is understood eminent Australians in the fields of business and academia have been approached but have yet to be locked in.
The two visa schemes represent a subtle shift in immigration under the Morrison government towards a more business friendly approach.
Under pressure over Australia’s burgeoning population growth, Mr Morrison resisted calls to cut the immigration cap hard and defaulted on the side of the argument that strong population growth is good for economic growth.
In March this year, he ”cut” the annual intake from 190,000 to 160,000 for this and the next four years but the 190,000 was only ever a cap.
In the previous financial year, when the 190,000 cap applied, only 160,000 people came in. This meant the reduced cap resulted in no real cut to the annual intake.
At the time, Mr Morrison reassured business.
Mr Morrison said that-
“If we were to take the figure below 160,000 that would have had a direct fiscal impact on the budget,”.
“This is the nominated level … where we would not experience that impact on the budget.
“It makes sense to take it back to the levels on or about that we’ve been projecting at and experiencing. “
Both employer nominated and state and territory nominated programs – from a combined 14,000 to 23,000 places. The government also expanded the total number of regional skilled migrant visas
.Regions are defined as anywhere but Sydney, Melbourne, Brisbane, Perth and the Gold Coast.Recipients would have to spend at least three years in a region to be eligible for permanent residency