Exploring the 2024 Federal Budget: What It Means for Immigration

On 14 May 2024, the Australian Government unveiled its new federal budget, outlining key changes and allocations in various sectors, including immigration. Here’s a breakdown of some significant immigration announcements:

Permanent Migration Program

In the upcoming financial year, the government plans to cap the Permanent Migration Programme at 185,000 places, with the majority earmarked for the Skill stream. This marks a slight reduction from the previous year, reflecting a focus on long-term skill needs.

Here’s a comparison of migration places across visa categories for 2023–24 and 2024–25:

Stream

Category

2023–24 Planning Levels

2024–25 Planning Levels

Skill

Employer Sponsored

36,825

44,000

 

Skilled Independent

30,375

16,900

 

Regional

32,300

33,000

 

State/Territory Nominated

30,400

33,000

 

Business Innovation & Investment

1,900

1,000

 

Global Talent (Independent)

5,000

4,000

 

Distinguished Talent

300

300

Family

Partner

40,500

40,500

 

Parent

8,500

8,500

 

Child

3,000

3,000

 

Other Family

500

500

Special Eligibility

 

400

300

Total Migration Program

 

190,000

185,000

Decreasing Net Overseas Migration

Government interventions are expected to reduce net overseas migration by 110,000 individuals from July 1, 2024, onwards, aiming to halve migration numbers compared to 2022–23.

Temporary Skill Shortage Visa Changes

Starting 23 November 2024, the work experience requirement for the Temporary Skill Shortage visa will decrease from two years to one year.

Work and Holiday Visa Changes

To manage demand and processing times, a new visa pre-application ballot process will be introduced for visa applicants from China, Vietnam, and India for the Work and Holiday visa program, starting 2024–25.

Mobility Arrangement for Talented Early-professionals Scheme (MATES)

From 1 November 2024, the MATES program will offer a new pathway for 3,000 Indian graduates and early career professionals to live and work in Australia for up to two years.

Extending Business Visitor Visa Validity

The Business Visitor visa validity for Indian nationals will extend from up to three years to up to five years.

Introduction of the National Innovation Visa

A new National Innovation visa will replace the Global Talent visa, aimed at attracting exceptionally talented migrants in vital sectors.

Southeast Asia Engagement

Allocations will be made to deepen engagement with Southeast Asia, including improving visa access for member countries of ASEAN and Timor-Leste.

Migration System Reforms

The Australian government has committed $18.3 million over four years, starting from 2024–25, to reform the migration system. This includes $15.0 million for migrant worker education on workplace safeguards and $1.9 million for a pilot data-matching program between the Department of Home Affairs and the Australian Taxation Office. These initiatives aim to enhance system efficiency and ensure the welfare of migrant workers while strengthening monitoring capabilities.

Staffing of Agencies

Significant investments in staffing for 2023–24 aim to rebuild service delivery capacity and reduce backlogs and improve visa processing times at the Department of Home Affairs.

Administrative Review Tribunal Establishment

The new Administrative Review Tribunal will replace the Administrative Appeals Tribunal, with a significant $1.0 billion allocation over five years to manage high volumes migration decision review applications.

For further clarity on these developments and their impact on your immigration pathways, contact Stone Group Lawyers today to book an initial consultation.

The above article published by Stone Group Lawyers is intended as general information only and is not legal advice on any subject matter. By viewing the above article, the reader understands there is no solicitor-client relationship between the reader and the article published. The above article should not be used as a substitute for legal advice from a legal practitioner, and readers are urged to consult Stone Group Lawyers on any legal queries concerning a specific situation.