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Global Talent Scheme Visa
Global Talent Scheme Pilot Commences 1st July 2018
From July 1st, highly skilled workers from around the world will have access to a new Australian visa opportunity with the introduction of the Government’s new Global Talent Scheme twelve-month pilot program.
First heralded some months ago and following extensive consultation with industry and other relevant parties, the scheme was designed to provide businesses with a streamlined process through which they may now apply to sponsor overseas workers with cutting edge skills; specifically, where there are no suitable Australians available to fill the required positions.
Who can apply and how does it work?
Applicant businesses must meet specific criteria and therefore, in the interests of practicality, they have been split into two separate “streams”; the “Established Business Stream” and the “Start-up Stream”. Both “Streams” offer access to four-year TSS visas and both provide for a transitional pathway to permanent residence after three years.
Established Business Stream
An applicant business would need to demonstrate that its recruitment policy gives preference to Australian workers. This may be achieved via simple percentages, as well as labour market testing.
The established business must either be publicly listed or must have achieved an annual turnover of at least $4 million for each of the past two years. It must be a good corporate citizen, with no breaches of workplace or immigration law, it must pay its staff in accordance with current market rates and the sponsored position must record a minimum annual wage of $180,000.
An established business may sponsor up to 20 workers per year, providing each worker meets defined criteria, which include health, character and security requirements, appropriate qualifications, a minimum of three years’ experience and the capacity to train Australians. Workers must not have a familial relationship with the directors or shareholders of the sponsoring company.
It is envisaged that Start-up Stream businesses would operate in STEM-related fields (digital, biomedical, agtech etc.). Again, applicant businesses would need to demonstrate that their recruitment policies give preference to Australian workers; achieved via simple percentages and labour market testing.
It must be a good corporate citizen, with no breaches of workplace or immigration law and it must pay its staff in accordance with an Enterprise Agreement or internal salary table which reflects current market rates (possibly inclusive of equity).In this case the sponsored position must record a minimum annual wage (cash component) of $53,900 and again, the worker must not have a familial relationship with the directors or shareholders of the sponsoring company.
A Start-up Stream business may sponsor up to five positions per year, providing each application meets required criteria.
An Excellent Initiative – But Correct Preparation is Vital
There is no doubt that the Global Talent Scheme is an important government trial and one with many benefits for Australian business. We’ve outlined many of the important requirements but there are certainly other areas to consider.
In the complex and rapidly changing world of immigration law, nothing is constant and nothing is simple. It really does pay dividends therefore, to obtain professional assistance, skilled specialists, specifically trained in the processes, enabled to assist you in achieving the finest possible outcome in the shortest possible time.
For more information on this or on any relating issues, contact the migration experts – Sellanes Clark and Associates – specialising in all immigration matters.