ANNOUNCEMENT 09 May 2017

The Australian Government announced that companies that employ foreign workers will be required to pay a levy to finance a training fund.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Australian 2017-18 BUdget. "Stronger growth to create more and better-paying jobs" Available at: http://budget.gov.au/2017-18/content/glossies/jobs-growth/download/Budget-2017-18-Jobs-Growth.pdf.

Parliament of Australia. Migration Amendment (Skilling Australians Fund) Bill 2017 and Migration (Skilling Australians Fund) Charges Bill 2017. Available at: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd076#_Toc500855171

Inception date: 09 May 2017 | Removal date: open ended

Labour market access

On May 9, 2017, during the publication of the 2017-18 Annual Budget, the Australian Government announced the creation of the Skilling Australians Fund that will be financed with a new levy imposed on companies employing foreign workers.

The levy amount will vary depending on the visa type and the companies turnover as it follows:

  • For an annual turnover of less than AUD 10 million: upfront payment of AUD 1,200 per visa per year for each employee on a temporary visa and a one-off payment of AUD 3,000 for each employee sponsored for a permanent Employer Nomination Scheme visa or a permanent Regional Sponsored Migration Scheme;
  • for an annual turnover of AUD 10 million or more: upfront payment of AUD 1,800 per visa per year for each employee on a Temporary Skill Shortage visa and a one-off payment of AUD 5,000 for each employee sponsored for a permanent visa. 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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