Australia's Tech Visa Soon to be Reviewed

Australia's Tech Visa Soon to be Reviewed

Australia launched its Global Talent Scheme (GTS) last year, in July. The launch was part of the agenda to bring the tech sector back on its feet after the 457 visa was scrapped in 2017.

This scheme, which is a subcategory of the Temporary Skill Shortage Visa offers highly-skilled persons from all over the world to come to fill jobs in Australia that the country's citizens cannot do.

The GTS provides Australian businesses the opportunity to hire foreign workers on a fast-track basis. This visa has a four-year validity, and its holders can obtain a permanent residence permit through this route. The GTS has two streams. One of them is for established businesses which make more than $4 million annually. The other is for a specialized route for those who want to open startups in the country.

The Australian federal government launched this scheme as a 12-month pilot, and by the beginning of July, it will come to an end.

According to the Department of Home Affairs, it will review the scheme in two weeks' time when it must have been completed. The review will not put the scheme on hold as it will keep operating while the review goes on.

The GTS scheme started on a slow note

The GTS didn't begin with a fast momentum, and this was because of the political confusion that happened late last year in Canberra. It wasn't until October last year that the first company was approved and up to March this year before the first startup stream was approved.

So far, the GTS program has approved fourteen companies which based on their approval, can now get the fast-tracked visas. Four companies out of the fourteen are startups.

The hopes are that with the coming review of the scheme, it will be refined and extended so as to encourage wider uptake.

Australia launched its Global Talent Scheme (GTS) last year, in July. The launch was part of the agenda to bring the tech sector back on its feet after the 457 visa was scrapped in 2017.

This scheme, which is a subcategory of the Temporary Skill Shortage Visa offers highly-skilled persons from all over the world to come to fill jobs in Australia that the country's citizens cannot do.

The GTS provides Australian businesses the opportunity to hire foreign workers on a fast-track basis. This visa has a four-year validity, and its holders can obtain a permanent residence permit through this route. The GTS has two streams. One of them is for established businesses which make more than $4 million annually. The other is for a specialized route for those who want to open startups in the country.

The Australian federal government launched this scheme as a 12-month pilot, and by the beginning of July, it will come to an end.

According to the Department of Home Affairs, it will review the scheme in two weeks' time when it must have been completed. The review will not put the scheme on hold as it will keep operating while the review goes on.

The GTS scheme started on a slow note

The GTS didn't begin with a fast momentum, and this was because of the political confusion that happened late last year in Canberra. It wasn't until October last year that the first company was approved and up to March this year before the first startup stream was approved.

So far, the GTS program has approved fourteen companies which based on their approval, can now get the fast-tracked visas. Four companies out of the fourteen are startups.

The hopes are that with the coming review of the scheme, it will be refined and extended so as to encourage wider uptake.

Stay connected to www.visatime.com to get updates about visa news from Asia, Africa, US, Americas, Australia, Europe, and the Middle East! We will also assist you with the visa process for the chosen country.

Share your Comments

Please Login to view/submit Comments & Replys

Hi! How can we help you?

Click below button to start chat

Chat Icon
chat icon