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Found 5 results

  1. Hi, Quick question, I am trying to transfer a 457 visa to another employer and I have been waiting for 8 weeks now without a reply from the immigration. I have tried to push it with the lawyer but still nothing. Any suggestions on how to move forward with this? I can’t keep waiting for too long as I am currently unemployed? Also is the a way to raise a complaint with the department of immigration? Thanks Altin
  2. The Pom Queen

    Investors moving to Australia

    The Investor stream of subclass 188 allows individuals with an overall successful record of eligible investment or qualifying business activity to move to Australia with their immediate family. The main qualifying requirements are that the main visa applicant must: Be younger than 55 years of age – though a state or territory can waive this requirement if the proposed business or investment activity will be of exceptional economic benefit. Score at least 65 on the applicable points test. Have a high level of management skill in relation to eligible investments or qualifying business activity. Have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments. Have a genuine and realistic commitment to continuing the business or investment activity in Australia after the original investment has matured. Have (individually, or combined with the main visa applicant’s partner or spouse) total assets of at least A$2.25 million for the two fiscal years immediately before being invited to apply for the visa by the Department of Immigration. These assets must have been legally acquired and able to be legally transferred to Australia within two years of the visa being granted. Have an overall successful record of eligible investment or qualifying business activity with no involvement in unacceptable activities. Be prepared to make an Australian Government approved Designated Investment of A$1.5 million, using funds accumulated from direct involvement – for at least one of the five fiscal years before you are invited to apply for the visa – in one of the following activities: Managing eligible investments that total at least A$1.5 million Managing a qualifying business in which the visa applicant owned at least 10% of the equity Note: A Designated Investment is an interest paying Bond issued by a State or Territory Government in Australia, which is arranged as the final stage in the visa application process. The 188 visa is a provisional or temporary residency visa, which allows individuals holding such a visa to be in a very attractive tax position – as discussed more fully here. It has a validity of 4 years, and before the expiry of the visa another visa must be applied for – this is usually the subclass 888 permanent residency visa, which is available once the Designated Investment has been maintained for 4 years. Requirements for the subclass 888 permanent residency visa are discussed here. Copyright of GM Investors – a division of Go Matilda Visas and GM Tax – brings together significant knowledge and experience in the areas of Australian visa strategy and tax planning.
  3. Source: The Guardian Labor has promised to triple the cost of temporary work visas to ensure employers look locally for workers, while setting up a new visa to ensure Australia will remain a destination for the “best and brightest”. The opposition has also pledged not to sign any trade deals that waive labour market testing and set up an independent labour market testing body that would restrict temporary workers’ visas to skills shortages. Bill Shorten made the announcement in a speech to the progressive thinktank the McKell Institute just weeks after Malcolm Turnbull replaced the 457 temporary worker visa and reduced the occupations eligible to ensure “we’ll no longer let 457 visas be passports to jobs that could and should go to Australians”. But Shorten described the government’s changes as a con job. “Malcolm Turnbull’s proposed changes to 457 visas are little more than a con job that barely make a difference,” Shorten said. “Under the Liberals, too many local workers are being left at the back of the queue for local jobs.” It comes as the government and the opposition race to claim credentials for putting Australian workers at the front of the queue. Under the promise, Labor plans to increase a two-year visa from $575 a year to about $1,600 a year or $6,400 for a four-year visa. The change would represent an increase to 3% of the temporary skilled migration income threshold. The money raised would be put into a training fund. “This is a strong price signal to employers that they should be looking for local workers first,” Shorten said. “Under Labor, putting local workers first won’t just be fairer – it will be cheaper.” But, at the same time, Labor would introduce a new “Smart” visa for what it calls world leaders in science, medicine, academia, research and technology to ensure highly skilled migrants were still attracted to Australia. An Australian Skills Authority would be responsible for creating a single skills shortage occupations list and advise government on current skills shortages and future skills needs. Migration expert Henry Sherrell, of the Crawford School of Public Policy at the Australian National University, has previously proposed an increase in fees to ensure temporary workers are only used when an alternative was unavailable. “Price signals are much more likely to change employer behaviour when it comes to workforce planning and hiring decisions,” he said. “Other regulatory controls, like labour market testing and specifying occupations, are much harder to enforce as they are complicated and employers are able to circumvent the policy goal. “It’s an open question whether $6,400 for a four-year visa will have a big effect on 457 visas. I’d expect to see it change the trends in industries like hospitality and construction but perhaps less so in IT and finance where salaries are higher.” He warned that rhetoric around visa programs should acknowledge the benefits of immigration, particularly while trying to attract skilled workers from overseas.
  4. Many New Zealand citizens living in Australia don’t think about applying for Australian permanent residence. New Zealanders receive Special Category Subclass 444 visas on arrival to Australia in most cases, and these allow them to live and work in Australia indefinitely. Family members can obtain NZ Citizen Family Relation Subclass 461 visas, which also give full work rights even if the family member is not an NZ citizen. However, there are many advantages to obtaining Australian permanent residence, including: Full Access to the free Australian health system – Medicare Full Access to Australian social security benefits Access to FEE-HELP student loans for higher education Possibility of becoming an Australian citizen, giving a right to always return to Australia Many New Zealanders working in Australia are actually eligible for permanent residence through the Employer Nomination Scheme (ENS) visa. Under current ENS regulations, both the Special Category Subclass 444 visa, and the NZ Citizen Family Relation Subclass 461 visa are qualifying visas for streamlined processing. NZ Citizens or family members need to work in Australia for 2 years to qualify for an ENS visa, and would need to be sponsored by an employer to get their permanent residence. The ENS visa is currently one of the highest priority visas in the Australian migration program, and many people can obtain permanent residence within a month or two of lodging their applications. However, the ENS program will change from 1 July 2012. Neither the 444 nor the 461 will be qualifying visas for streamlined processing, and this will mean that New Zealanders will find it much more difficult to qualify for migration to Australia. If they want to apply for ENS after 1 July, New Zealanders will in most cases need to pass a formal skills assessment and show 3 years of work experience in their occupation to qualify. This means higher costs, delays and quite possibly many New Zealanders without formal university or trade qualifications missing out on permanent residence.
  5. The Pom Queen

    New Australian Investor Visa

    The Minister for Immigration and Citizenship, Chris Bowen MP, and the Minister for Financial Services and Superannuation, Bill Shorten MP, today announced new Federal Government reforms to attract successful investors and entrepreneurs to Australia. Mr Bowen said the government would introduce a new visa program, the Significant Investor visa, targeting migrants who could make an investment of at least $5 million in the Australian economy. 'The Significant Investor visa will provide a boost to our economy and help Australia to compete effectively for high net worth individuals seeking investment immigration,' Mr Bowen said. 'Our migration program is important to our economy, not only in the area of skills but also innovation and capital investment. 'This new visa will make it easier for investors coming to Australia by offering some concessions on visa requirements - such as not having to meet a points test and reduced residence requirements - in recognition of their meaningful investment contribution.' Investor options under consideration include state and territory bonds, Australian Security Investment Commission (ASIC) regulated managed funds and direct investment into Australian companies. 'This creates a new source of investment capital and increases the pool of funds managed locally. This is good for jobs and growth in areas such as financial planning, fund administration, stockbroking, accounting and funds management,' Mr Shorten said. The changes will bring Australia into line with other countries, such as the United Kingdom, Canada, Singapore and New Zealand, which provide for migration on the basis of investment of a specified size and conditions. Mr Bowen said the government was also reforming the Business Skills visa program to attract more entrepreneurial talent and diverse business expertise to Australia. 'This is an important part of Australia's skilled migration program because it targets migrants who have a demonstrated history of innovation and success in business,' he said. 'Such individuals make a strong contribution to the Australian economy, innovation and job opportunities for Australians. 'We are implementing several measures to increase the volume and quality of applicants for this program, which will be renamed the Business Innovation and Investment program.' The measures include: facilitating permanent entry of entrepreneurs who have sourced venture capital funding in Australia cutting red tape by reducing the visa subclasses from 13 to three introducing a points test for provisional visa applicants giving weight to people with a history of business innovation allowing business migrants to extend their provisional visa should they need additional time to establish their business in Australia before applying for permanent residence increasing asset thresholds to better align with the Australian business community. 'The government is also considering further changes to the program to attract significant investment to Australia,' Mr Bowen said. The Department of Immigration and Citizenship grants between 7000 and 7800 Business Skills visas per year. There have been 7200 places allocated to the program in 2011-12. The Significant Investor visa will be introduced in the 2012-13 program year, while the new Business Innovation and Investment visas will be integrated with the skilled migrant selection model, SkillSelect,commencing on 1 July 2012
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