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10 Budget 2024 changes for Australian Immigration
1. Overall allocations for PR migrants will reduce slightly from 190,000 to 185000.
2. Employer sponsored has positive changes, with the Experience for the 482 visa reduced from 2 years to one year.
3. The 186 for PR has also received an extra 7000 allocations.
4. The Mates visa and extended Business Visitor visa for Indian nationals in going ahead.
5. Skilled Independent 189 visa allocations were cut by about half.
6. The Government will also introduce a new National Innovation visa to attract exceptionally talented migrants and replace the Global Talent visa.
7. 188 Business and Innovation visa to be closed and replaced with a new visa timing unknown.
8. Net overseas migration is forecast to approximately halve from 528,000 in 2022–23 to 260,000 in 2024–25. Much of this reduction will be in student visas.
9. Education providers will be given capped numbers for student visas and to go above the cap, they will need to build or provide accommodation.
10. New Ballot system for Work and Holiday Visas from China, Vietnam, and India.
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