Ep 19. Federal Budget 2024_25 Key Immigration Highlights

Keywords:
Federal Budget, Migration Planning Levels, Skills Migrations, Family Migration, Partner Visa, National Innovation Visa

Episode Summary:

This week on Moving to Australia podcast, Amitava shares his insights on the key immigration highlights from the federal budget delivered by Jim Chalmers on 14 May 2024.

We start the discussion with what the planning levels look like for the 24-25 program and its basic composition. We draw a contrast between each of skills stream category for the 24-25 program and the 23-24 program. From 22-23, the family stream has moved over to a demand driven model. We explore the importance of “demand driven” for partner visa Australia, which is the largest component of the family stream, and how Australians can reunite with their loved ones who are still overseas.

The migration strategy that was released in Dec 2023 shed light on how the BIIP visa category has failed and hasn’t really lived up to its expectations. The BIIP and Global Talent visa are soon going to be replaced with one National Innovation visa and Amitava explains the series of case studies behind this decision. For India, China & Vietnam, a new Work & Holiday visa pre-application ballot process will be implemented. We discuss the ballot process, the planning levels for each of these 3 countries, and the fees involved.

We round up the podcast with the DHA’s plan for a new multi-year planning model, extending the Program planning horizon to four years from the current twelve-month cycle.

Podcast Chapters:

• (00:00) Migration Planning Levels 24-25
• (05:58) Family Stream – Partner Visa
• (08:00) National Innovation Visa
• (10:59) Ballot Process – Work & Holiday Visa
• (13:23) Multi-Year Planning Horizon

Additional Resources:

• Federal Budget Key Immigration Highlights
• Migration Program Planning Levels
• Work & Holiday Visa Ballot Process – Subclass 462