ANNOUNCED AS TEMPORARYYes
Labour market access
On 19 March 2018, the Minister for Citizenship and Multicultural Affairs and the Minister for Jobs and Innovation of Australia announced the launch of a new visa scheme to deliver innovation by attracting highly-skilled global talent to the country.
The Global Talent Scheme seeks to complement the Temporary Skill Shortage (TSS) visa program by providing established companies and start-ups to sponsor highly-qualified, experienced and specialised personnel with more flexibility in certain visa criteria providing recruited individuals with a four-year temporary visa and a special a pathway to Australian permanent residence after three years of employment in the country. The requirements of the scheme differentiate between the business-stream and the start-up stream.
In the business stream, the employer must be publicly listed or have an annual turnover of at least AUD 4 million and must demonstrate that the recruitment policy gives first preference to Australian workers, whereas the employee must prove to have at least 3 years of relevant work experience, ensure that there is a transfer of skills to their Australian workforce and earn at least AUD 180,000.
With regard to the start-up stream, the firm will need to prove that it prioritise the employment of Australians and will need to be recognised by a start-up authority, whereas the employee, must prove to have at least 3 years of relevant work experience, transfer skills to their Australian workforce and earn at least the minimum annual earnings at the market salary rate (AUD 53,900 at the time of the measure).
The Global Talent Scheme is a pilot project and is to be implemented for twelve months starting on 1 July 2018.
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