Australia’s Update On Budget 2022-23
In today’s blog, we will take a look at the recently unveiled plans to increase skilled migration by the Australian government in the budget 2022-23.
Australia’s present labour government has revealed its first Federal Budget and made announcements about a considerable increase in skilled and parent visas, relaxation in work restrictions for foreign students, funding to resolve visa processing times, and more opportunities for high-skilled migrants while aiming to provide more pathways to permanent residency.
According to the new federal budget for 2022-23, with a great emphasis on skilled migration to alleviate present labour shortages, the current government of prime minister Anthony Albanese intends to provide clear pathways to permanent residency.
Increase In Skilled Visas
The numbers for the permanent Migration Program will be expanded from 160,000 to 195,000 in 2022–23. Around 90 per cent of new places will go to skilled immigrants, and more than a quarter will be targeted for regional areas.
Moreover, the Australian government will give an extra $42.2 million to tackle the issue of skills shortages quickly by speeding up the visa processing, decreasing the visa backlog and spreading awareness about the high-skilled migration programs.
Relaxed Work Restrictions For Foreign Students
To deal with the persisting issue of labour shortages, foreign student visa holders will be allowed to work unlimited hours in any sector. This relaxation in work restrictions for students and secondary training visa holders will stay in place until 30 June 2023.
Offering More Parent Visas
The Australian government plans to increase the number of parent visas with an increase of 4000 allocations, making it 8500 for the present year compared to the 4500 for 2021-22.
Visas for children and partners will be provided depending on the demand with no limitations. The Department of Home Affairs will be provided $576 million over the course of four years to cover the shortage of funding to maintain overseas processing centres and support refugees
Some funding for migration programs has been restored which were previously cut by the former government of Scott Morrison.
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