Delivering his second budget on Tuesday night, Treasurer Jim Chalmers announced that applying for Australian visas is about to get more expensive from July. He also revealed that around 70 percent of places will be allocated to the Skill stream in the 2023-24 Permanent Migration Program.
Here’s a roundup of all the major visa changes coming into effect this year.
- Applying for an Australian visa to get more expensive from 1 July 2023.
- Skill stream to account for 70% of all places allocated in the 2023-24 Migration Program.
- Student visa work restrictions to be capped at an increased rate of 48 hours per fortnight from 1 July 2023.
- Extra two years of post-study work rights to Temporary Graduate visa holders with select degrees.
For the 2023–24 permanent Migration Program, the Albanese Government will stick to 190,000 places, with 137,100 places (around 70 per cent) allocated to the Skill stream to help address the country’s long-term skill needs.
The net overseas migration is estimated to hit as high as 400,000 places this year and 315,000 in 2023–24, with migration forecast to largely return to standard patterns from 2024–25.
