IMPACT – MEDIUM
What is the change? Australia has launched the Global Talent Scheme—a one-year pilot program under the Temporary Skill Shortage (Subclass 482) visa scheme aimed at attracting foreign talent with cutting-edge skills to bring innovation to Australia.
What does the change mean? The two streams of the Global Talent Scheme will allow established accredited sponsors or new start-up companies to benefit from a simplified application process, faster processing, and four-year TSS visas. Companies must meet financial eligibility criteria, salary minimums, and conduct labour market testing before being invited to enter an agreement with the Government. They must also demonstrate throughout the life of the agreement that they are bringing opportunities to Australian workers by creating new jobs and transferring skills and knowledge to Australians.
Background: Following the elimination of the subclass 457 visa and introduction of the stricter TSS visa in its place in March, the Australian Government announced the launch of the Global Talent Scheme, recognizing the global competition for tech talent and the need to provide fast-track processing for a subset of TSS applicants in cutting-edge fields. To be considered under the scheme, companies must first demonstrate that they are unable to fill the position with an Australian worker and that they cannot fill the position through other visa routes. Foreign employees in the Global Talent Scheme will be issued four-year TSS visas and are eligible to apply for permanent residence after three years. If the position ends, the worker will have 60 days to find a new sponsor and new visa or depart Australia.
The qualifying criteria for the two streams of the Global Talent Scheme are summarized as follows.
Additional information is available on the Government’s Global Talent Scheme Fact Sheet here.
BAL Analysis: Companies that meet the eligibility criteria for sponsorship should consider the Global Talent Scheme for niche roles that are restricted under the occupation lists for other visa routes such as the short- and medium-term streams of the TSS visa.
This alert has been provided by BAL Australia. For additional information, please contact firstname.lastname@example.org.
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