The 12-month long Australia Tech Visa pilot under the Global Talent Scheme is nearing its expiry date. The Federal Govt. plans to conduct a review to assess the effectiveness of the pilot program.
The Subclass 457 Visa was abruptly closed in 2017 by the Australian Govt. In an attempt to pacify the irate technology sector, the Global Talent Scheme was launched in July 2018, as per The Innovation AUS.
The Tech Visa pilot offers Visas to highly skilled overseas professionals for positions which cannot be filled locally. The pilot falls under the Temporary Skills Shortage (TSS) Visa program.
Sponsoring businesses in Australia can get access to 4-year Visas. These Visas are fast-tracked and also have a pathway to Australia Permanent Residence. There are 2 business categories-one for established businesses and the other for Startups. Established businesses should have an annual turnover of more than $4 million.
The Global Talent Scheme was launched as a pilot initiative for 12 months by the Australian Govt. It is due to expire in July this year. The Dept. of Home Affairs has announced that a 2-week review will be conducted to assess the effectiveness of the pilot. The pilot program will continue to run during the review period.
A Spokesperson from the Dept. of Home Affairs said that the Tech Visa pilot is due for review at the end of its 12-month validity. The review will help assess its performance and will suggest modifications to better achieve its goals.
The Tech Visa pilot will continue as is under the GTS till the review is complete, said the Spokesperson. The Govt. will then decide the future of the Tech Visa pilot.
The Australian Govt. is committed to cater to the skills needed to the Australian economy and attract the best talents globally. The Dept. of Home Affairs aims to provide a streamlined process to businesses and startups to hire overseas workers.
The Tech Visa pilot had a slow start. The political turmoil in Canberra in 2018 also added to its delay. The first company to be approved under this scheme was only approved in October 2018. The first Startup was approved as late as March 2019.
So far, 14 tech companies in Australia have qualified for the Global Talent Scheme. These companies now have access to fast-tracked Visas. 4 of these companies are Startups. The Companies include Safety Culture of Queensland, Gilmour Space Technologies and Q-CTRL. Atlassian and Canva are among the larger tech firms that have qualified for the Global Talent Scheme.
If you are looking to Visit, Study, Work, Invest or Migrate to Australia, talk to Y-Axis, the World’s No.1 Immigration & Visa Consultant.
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