November 11, 2022
Australia announces reshaping skilled migration and resetting processing priorities
Details of the major review into Australia’s migration system announced in September 2022, A migration system for Australia’s future, have now been released. EY welcomes this first comprehensive review into Australia’s migration system since 1994. The goal of the review is to develop a holistic strategy that articulates the purpose, structure and objectives of Australia’s migration system to ensure it meets the national interest in the coming decades. Application processing time is one of the key current issues facing employers and migrants. To address this, the Department of Home Affairs has recruited additional resources to finalise the backlog of applications and process new applications more efficiently. A new Ministerial Direction has also been issued resetting processing priorities for skilled visa applications.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert