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IMPACT – MEDIUM
The Government has announced that it will extend to three years the period during which newly arrived migrants will be barred from accessing certain welfare benefits. The Government will also increase to three years the period during which applicants for family visas must have an assurance of financial support.
Key points:
Background: The changes were announced in the Government’s Mid-Year Economic and Fiscal Outlook, which was released earlier this month. The Government estimates it will save A$1.4 billion by extending the waiting period for welfare benefits from two to three years.
BAL Analysis: Extending the waiting period before migrants can access welfare benefits is expected to save money, but could be a deterrent for those considering relocating to Australia. The new financial assurance requirement, meanwhile, will make applying for family visas slightly more difficult.
This alert has been provided by BAL Australia. For additional information, please contact australia@bal.com
MARN: 0534021
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