April 30, 2023
Significant reform to Australia’s migration program underway
Significant reform of Australia’s migration program is underway. The report of the first comprehensive review of the migration program in decades, A Migration System for Australia’s Future, has been handed to the Government. It is expected that the report will be released in coming weeks, before the 9 May 2023 Budget, after which consultation with business and other stakeholders will commence. The Minister for Home Affairs, the Hon Clare O'Neil MP, has been clear that the Government is embarking on a long-term project of structural reform that could take some years to deliver. Through various recent public forums, the Minister has also indicated the direction reform may take.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert