Australian Federal Budget 2022-23 - Updates on Australian Visas You Don't Want to Miss!

Australian Federal Budget 2022-23 – Updates on Australian Visas You Don’t Want to Miss!

The Labor Government has presented its first Australian Federal Budget 2022-23. The federal budget meeting announced significant increases in parent and skilled visas in Australia. Additionally, the Labor Govt. announced relaxed work restrictions for overseas students. There’ll be funding to speed up visa processing time and more opportunities for skilled migrants. The Albanese Government has a strong focus on providing more pathways to PR in Australia.

 

The purpose of focusing on skilled migration is to address the labor shortages in Australia. According to the new Federal Budget, the Australian Government will make it easy for people to apply for permanent residency.

 

Let’s have a look at the major updates on Federal Budget 2022-23!

 

Major Points of Australian Federal Budget 2022-23

Here’re the latest updates and planning for the Federal Budget 2022-23 of Australia.

  • The permanent migration program will go from 160,000 to 195,000, as 35,000 seats will be added.
  • The number of parent visas will increase from 4,500 in 2021-22 to 8,500 this year.
  • Until 30 June 2023, work restrictions for international students will be relaxed. As a result, they will be able to work more hours in any field.
  • Partner and child visas will be granted based on demand without any limit.
  • Boosting visa processing, clearing the visa backlog, and opening the doors to high-skilled migrants.

 

Updates in Skilled Visas!

During 2022–23, it’s expected that the permanent Migration Program level will rise to 195,000 from 160,000. Skilled migrants will take up over 90% of new places. In addition, more than a quarter will be targeted at regional areas.

 

To cope up with skills shortages, the Australian Government will invest an additional $42.2 million. Specifically, it aims to speed up the processing of visas and reduce the backlog of visas. Furthermore, it will also increase public awareness of high-skilled migration programs.

 

Relaxing Work Restrictions for International Students

International students will have the opportunity to work flexible hours in different sectors. By doing so, the Australian Government will address workforce shortages in the country. By 30 June 2023, Student Visa and secondary Training Visa holders will be able to work more freely.

 

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Granting More Parent Visas

By increasing allocations by 4000, the Government will increase the number of Parent Visas. Consequently, the number will rise from 4500 in 2021-22 to 8500 this year. While Children Visas and Partner Visas will be granted based on demand with no ceiling.

 

Do you want to live your children in Australia with a Parent Visa? Well, you must read Apply for Parent Visa 103 to Live with your Family now!

 

As the Australian Government has to cover a deficit in funding to maintain offshore processing centers and support refugees. Therefore, it will provide $576 million to Home Affairs over the next 4 years. The Morrison Government made some cuts to funding for migration programs in Australia. However, the migration programs have now received funding again.

 

Closing Point – Australian Federal Budget 2022-23!

The Albanese Government is preparing to improve its permanent migration program. During its first budget meeting, the government announced more Parent Visas would be granted. The number of seats will increase by 35,000 for the permanent migration program. These measures are being taken to address the workforce shortage in Australia.

 

For more information about Federal Budget 2022-23, you can book a consultation with us right now!

 

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I’m Nasir Nawaz. I’m a registered migration consultant in Australia. I am based in Sydney. I’ve studied Master of Laws at the University of New South Wales. I’m providing immigration services for several years.

Consult with me for legal advice on Australian visas to permanently live, study, and work in Australia.