IMPACT — MEDIUM

The Australian government recently announced plans to welcome 190,000 permanent migrants in the 2023-24 fiscal year.

Key Points:

  • Under current plans, the 190,000 places will be allocated as follows:
    • Skilled (137,100 places). This stream is designed to improve the economy and reduce skill shortages in the Australian labor market.
    • Family (52,500 places). This stream consists of mainly Partner visas, helping Australians to reunite with family members and provide them with pathways to citizenship.
    • Special Eligibility (400 places). This stream covers visas for those in special circumstances, including permanent residents returning to Australia after time spent in another country.
  • Australian authorities can redistribute places between Skill stream visa categories on an ongoing basis to respond to changing economic conditions as they occur.

Additional Information: A complete breakdown of the Migration Program planning levels announced as part of the 2022-23 and 2023-24 budgets is available here.

BAL Analysis: ​​The government said the 2023-24 migration plan was “designed to boost Australia’s economic recovery and drive social cohesion outcomes in the post-pandemic environment.” Compared to the 2022-23 plan, Australian authorities increased the total number of places for Skilled visa categories by over 27,000.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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