The Australian government’s Department of Home Affairs has recently introduced a new program to boost the movement of highly skilled individuals from around the world to Australia.
This includes a fast-tracked pathway to Australian permanent residency for applicants with global talent in a target sector.
This is one of the first programs of its type where Australia is out and about in the world, looking to track down talented people and asking them to come to Australia.
The Visas for Innovation include the following three programs:
Global Talent Independent program (subclass 124 and 858 visas) - a fast-tracked pathway for distinguished talents to come to Australia and do what they do best
Global Talent Employer Sponsored program (TSS subclass 482 visa) - to help Australian businesses fill unique positions with the best workers
Supporting Innovation in South Australia pilot (subclass 408 visa) - attracting entrepreneurs to regional Australia to undertake their projects in a supported environment
Each of these programs uses a new pathway for an old visa.
These new pathways are seeking to increase the Australian workforce capabilities in high-tech industries.
Up to 5,000 places will be offered in the Global Talent - Independent program in this program year 2019/20.
Global Talent Independent (GTI) (subclass 124 and 858 visas)
It presents a great opportunity for a highly-skilled professional in a high-growth area to move to Australia permanently.
The GTI program was launched 4 November 2019 and is built on the existing Distinguished Talent program, comprised of:
- Offshore Distinguished Talent visa (subclass 124)
- Onshore Distinguished Talent visa (subclass 858)
At the Law Council's Immigration Law Conference on 20 March 2020, respresentatives from the Department of Home Affairs stated that applications under the GTI program are being given priority processing. Processing times vary from 2 day to 2 months with many being decided in one to two weeks!
Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs David Coleman has also signed Direction no 85 to give high priority to GTI applications as they are considered to be highly desireable by the Government.
- Highly skilled in one of the identified target “high-growth” sectors:
- Agricultural Technology (AgTech)
- Financial Technology (FinTech
- Medical Technology (MedTech)
- Cyber Security
- Energy and Mining Technolog
- Space and Advanced Manufacturing
- Quantum Informantion/Advance Digital/Data Science and ICT
- One of the following:
- “Ability to attract” salary at or above the Fair Work High Income Salary Threshold (this varies each financial year and at time of publication is AUD148,700 https://www.fwc.gov.au/unfair-dismissals-benchbook/coverage-unfair-dismissal/high-income-threshold) or
- Recent graduate of PHD or a Masters program who received high grades
The program is designed to have global talent officers situated around the world in capital cities such as Dubai, New Delhi, Santiago, Shanghai, Washington DC, Berlin and Singapore. These officers are seeking to attract and engage highly skilled individuals to the program to move to Australia and bring their skills with them.
Currently there are allocated 5,000 places in the GTI program which are up for grabs: if you’re a leader in your field, make sure you get your place to move permanently to Australia.
Agricultural Technology (AgTech)
AgTech is one of the seven fields identified for the Global Talent Independent Program.
Australia is looking to push the boundaries of “Agriculture 4.0”.
Growth through the Internet of Things (IOT) has been identified as an area for further explanation, with big advantages to flow for the agriculture industry.
Financial Technology (FinTech)
FinTech is a growing field worldwide, including in Australia.
We have seen the rise of a range of
- Modern banks such as Up, Xinja and 86,400
- Investing platforms such as Raiz, eToro and Spaceship
- Payment platforms and digital financial products, including AfterPay
- Regtech and many many other FinTech products in Australia
To develop cutting edge technologies which will function in not only the Australian financial market, but which can be exported to overseas markets, Australian FinTech startups and companies need the highest level of talent.
If you are a developer, computer scientist or financial expert with a background in FinTech, a permanent move to Australia through the GTI program could be the way to go.
Medical Technology (MedTech)
There is innovation globally in the medical technology field, using technologies both existing and developing.
From a range of industries to create technologies that better serve the health needs of patients.
In Australia, there are big opportunities in developing new and better medical devices, implants and bionics.
There is work to be done in designing, building and quality assurance on new implants and body augmentations
to help those with serious health problems to live a better life.
Key foundation competencies are needed in engineering and product design in the MedTech field.
Cyber Security is very important to many businesses and government Departments, ensuring that data, personal information, commercial information and funds remain secure.
With more and more connections to the internet and a growing number of attacks on private and public bodies, new Cyber Security solutions are needed and there are more positions in Australia than can be filled.
Energy and Mining Technology
Australia has a rich and varied history of energy, mining and resources industries.
There is room for further development in mining equipment, technology and services (METS).
Global talents are being sought who can bring skills to Australia to push the METS industry even further.
The CSIRO have released a roadmap for where they see development of METS heading.
Space and Advanced Manufacturing
There are a range of interesting startups already underway, looking at microsatelites and other services in the space and space-adjacent industries.
Applicants who have experience working with the development of sensors, advanced materials, robotics and augmented/virtual reality systems
will have skills which are highly valuable.
One of the advantages of operating in Australia, especially in the advanced manufacturing industry, is the access to nearby asian countries.
Timezones, close proximity and existing networks make Australia a positive environment.
If you are a global talent in the advanced manufacturing industry, this program might be a suitable way for you to obtain a permanent Australian visa
and work for an established company or establish your own.
Quantum Information/Advance Digital/Data Science and ICT
There is a lot of research taking place in advanced computational systems and the field of “big data”.
There is demand for high level talent with experience and aptitude in the area to make big breakthroughs.
Global talents are sought by universities, government research organisations and private industry
to develop and apply quantum information/advance digital/data science and ICT.
Global Talent Employer Sponsored (GTES) (TSS subclass 482 visa)
The GTES is an option for businesses to sponsor highly skilled workers who do not fit neatly into an ANZSCO occupation category. It has been open for applications since 1 July 2018.
We have previously written about this in depth here: https://www.workvisalawyers.com.au/news/all/new-global-talent-visa-as-part-of-tss-482-to-attract-entrepreneurs-to-australia.html
A number of big tech and adjacent industry names are already registered as sponsors for this program (all current agreements are published here: https://immi.homeaffairs.gov.au/visas/employing-and-sponsoring-someone/sponsoring-workers/nominating-a-position/labour-agreements/list-of-current-labour-agreements)
One of the big benefits of this program is the skills which highly skilled individuals can pass on to their colleagues in Australia. https://www.afr.com/politics/federal/high-skilled-visa-scheme-promises-residency-within-weeks-20191102-p536vt
There are two streams for the GTES program:
- Established Business stream
- Startup stream
Supporting Innovation in South Australia (SISA) (subclass 408 visa)
The SISA program is a new stream for the 408 visa and an opportunity for entrepreneurs to develop their new idea in South Australia.
This program has actually been in force since November 2018. We wrote about this soon after its release here: https://www.workvisalawyers.com.au/news/all/new-south-australian-entrepreneur-visa-processing-times-requirements-checklist-supporting-innovation-in-south-australia-sisa-subclass-408-temporary-activity-visa.html
One success story is Daniel Tan, the founder of Pencil Rocket who has obtained a SISA visa in connection with ecosystem provider Flinders New Venture Institute.
You can read Daniel’s story here: https://www.nviflinders.com.au/daniel-sisa-visa/
This article was written by Luke Edwards
Visit Luke's profile to find out more his expertise https://www.workvisalawyers.com.au/about-us/team-members/luke-edwards.html
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