Australian Federal Budget 2024/25: What It Means for Prospective Migrants

As expected in view of the prevailing political and economic situations, the Australian Federal Budget for 2024/25 has not brought many positive news for future prospective migrants. However, it’s not all negative. In this battle of constantly-shifting priorities, a clear winner has emerged – Employers.

A Boost for Employers

One of the standout features of the new budget is the increase in visa quotas for employer-sponsored and State/Territory nominated visas. Along with the easing of some eligibility requirements, employers will likely find it easier to attract, retain and sponsor skilled workers from overseas and within Australia to fill critical manpower gaps.

What This Means for Prospective Migrants

For prospective visa applicants, this policy focus means that those who are employed by an Australian employer will have a better chance of securing an Australian visa (whether via employer sponsorship or State/Territory nomination) in 2024/25. The Australian Government’s focus on ensuring that the migration program is fit-for-purpose in supporting economic growth and prosperity presents a significant opportunity for skilled workers looking to migrate.

Take Action Now

Australia’s evolving immigration policies highlight the importance of staying informed and prepared. Don’t miss out on the opportunities presented by the 2024/25 Federal Budget – get in touch with us today to discuss the options for yourself or your business.

Verge Legal provides legal advice in all states in Australia, contact us today if you need assistance.

This blog post provides general information and is not intended as legal advice. It may not be complete or up-to-date. For specific legal advice, please consult a qualified lawyer.