Anthony Albanese, the Prime Minister of Australia announced an extra budget in its federal budget for increasing the allocations of skilled and parent visas. An amount of $576 million is allocated to the immigration department for visa processing and also processing centers that are offshore and support refugees.
Out of the total investment, $36.1 million will be invested to recruit more staff to lessen the visa processing wait times.
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The following table shows the old and new number of allocations for each type of visa:
|Visa Stream||Visa category||2021-22||Earlier allocation 2022-23|
Revised allocation 2022-23
|Business Innovation & Investment||13,500||9,500||5,000|
|Global Talent (Independent)||15,000||8,448||5,000|
For every next year, around 3,000 places will be available for a permanent program.
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The number of Parent visa allocations in 2021-22 was 4,500 and for the current FY year, the number is converted to 8,500. The partner and child visas will stay demand driven by having no limit as of now. The other family visas remain at 500 and special eligibility visas will remain at 100.
Currently, skilled visas are given more priority, and also New Zealanders who lived in Australia for many years get priority
The table below displays the type of skilled visas that are available for the current FY year 2022-23
|Skilled visas available for 2022-2023|
|State and Territory nominated||31,000|
|Business innovation and investment||5,000|
The new changes or the expansion in the immigration program brings an amount of $935 million in tax revenue to Australia in the next four years. The estimated cost of providing extra services like language programs or school places is $487 million.
Australian government presumes that the changes in immigration and getting more immigrants from foreign countries will make Australia bigger and the economy or the budget does not get affected.
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