The Global Talent Visa is that the Australian Government’s latest passion project with the state more enthusiastic than ever to draw in high-value enterprises and talented individuals to its shores. a replacement Taskforce has been created to locate and prioritise high talent individuals, and a replacement ministerial direction sets out which areas of experience Australia is trying to find .
Global Business and Talent Attraction Taskforce
In January 2021 the Australian Government expanded and renamed the Distinguished Talent visa during a bid to draw in more technologically talented people to migrate. Now called the worldwide Talent visa, this name change reflects the broader reach for talent as Australia now searches for the “crème de la crème” to assist rebuild its post-Covid economy.
While most aspects of the visa remain unchanged, a global Business and Talent Attraction Taskforce has been established to headhunt talented individuals, led by the new Special Envoy for Global Business and Talent Attraction, Peter Verwer. a replacement visa pathway has been created for candidates endorsed by the Envoy which fast-tracks their application.
Verwer will lead the Taskforce to draw in high-value enterprises and exceptionally talented individuals to bring their skills to Australia and boost national prosperity. While an endorsement from the Envoy itself won’t be enough to ensure a worldwide Talent visa, it’ll give applicants a definite and significant advantage.
The Taskforce has already assisted in bringing people to Australia in fields like quantum computing, medical technology, energy and mining technology, space, and even video game creation!
How Do I Apply?
To be eligible to use for the worldwide Talent Visa Program, individuals must:
- prove they’re internationally recognised with evidence of outstanding and exceptional achievements;
- be prominent in their field of expertise;
- provide evidence that they might be an asset to Australia, in their field of expertise;
- be ready to easily obtain employment in Australia or becoming established in their field; and
- have a recognised organisation or individual in Australia, within the same field of labor because the applicant, endorse them as global talent.
- There are two stages for the worldwide Talent Pathway process. The expression of interest (EOI) is that the first stage. If you receive a call for participation from Australia following your EOI, the second stage is that the visa application. Once the visa application is submitted, it must be processed.
Processing times for EOIs are currently varying substantially. on the average , the worldwide Talent pathway visa application takes between one and three months but applicants who secure priority status under Ministerial Direction 89 are receiving EOI responses in as little as 1 week to 2 months. The Department has advised they’re currently considering EOIs submitted back in July 2020! those that don’t meet the priority requirements are waiting up to six to nine months for a response.
The ‘Resources’ sector was the fastest to be processed, with average processing of 5 days, though this was from quite small sample size of fewer than 5 invitees.
Second thereto is ‘Fintech’ who were processed in 62 days, then Digitech, in 101 days (just over 3 months). All other categories had average times of roughly 160-190 days, or 5-6 months. This reflects common experiences of waiting a while to listen to back on expressions of interest and indicates a considerable pipeline of EOIs being processed.
Applicants for the old Distinguished Talent pathway visa are waiting even longer, with processing times taking over to twenty months!
The long waits don’t mean it isn’t worth applying, just remember if you’re not in a neighborhood the Australian government is presently seeking, you won’t be moved to the front of the queue.
How Do I Get Priority Status?
As of February this year, Ministerial Direction 89 says that priority status will be given to applicants with expertise or talent in the following sectors:
- Agri-food and AgTech;
- Health industries;
- Defence, advanced manufacturing and space;
- Circular economy;
- Infrastructure and tourism;
- Financial services and FinTech; and
The Department has advised that applicants who have already submitted an expression of interest don’t got to submit an extra EOI or contact the department to vary their target sector. The Department isn’t being overly prescriptive about the new sectors and says it’s taking a versatile approach to make sure the proper candidates receive invitations. So don’t worry if you’ve already submitted your EOI and it doesn’t match the new sectors exactly, you won’t be at an obstacle if you’ve got the talents we would like .
The Fair Work High Income Threshold
Ministerial Direction 89 also states that top priority are going to be given to applicants (in order of priority):
where there’s a written offer of employment from an Australian employer with an annual salary adequate to or above the Fair Work high-income threshold (FWHIT);
the applicant’s current income is adequate to or above the FWHIT; or
There’s evidence that the applicant will probably achieve an income adequate to or above the FWHIT.
The current Fair Work high-income threshold is AUD 153,600 per annum. To achieve success, candidates got to already be earning or have the power to earn this figure within the Australian labour market.
Be aware, however, this figure are going to be adjusted on 01 July 2021 and is predicted to rise. The previous high-income threshold increase was 3.3% and occurred after an annual reduction within the Australian Consumer price level of 0.3%.
Given CPI rose copy over the half-moon by 0.9% we will only expect further increases within the salary threshold.
A 3% increase would bring the FWHIT up to $158,208. we’ll need to wait until 1 July to ascertain if there’s an increase and whether it matches our estimates.
Please note that candidates’ income are going to be assessed when the appliance is processed, not when it’s written, so potential applicants should consider whether or not they can meet the new forecasted threshold before commencing the method . If you submit your application and earn AUD 154,000 but it doesn’t get processed until July, your salary could also be too low.
The end of the fiscal year is approaching fast and with it, the chance to use for Expressions of Interest. now’s the time to submit your application.
Expiry of Invitations
Global Talent invitations now have an expiry date. this is often a recent development, as up until this year Global Talent invitations haven’t had an expiry date.
If you received a call for participation over 12 months ago and haven’t yet applied, your invitation has now expired and you’ll got to submit a replacement form.
Those who have already received a call for participation along side a code and reference identifier should submit their applications as soon as possible.
We suggest getting professional assistance from an experienced Immigration Lawyer or Registered Migration Agent to make sure you get your application right the primary time.
Allocations for 2022
The big question is, what is going to the allocations be for 2022?
In a recent presentation by the Department of Home Affairs (attended by Work Visa Lawyers’ principal Chris Johnston) much enthusiasm was shown for the program. The Department is expanding with its Global Outreach Officers and Business and Industry Outreach Officers, so we expect the allocation numbers to be high again in 2021.
Last program year, the allocation for Global Talent trebled from 5,000 places to fifteen ,000 places – 3 times as many! Trebling again would make an allocation of 45,000 which might be the most important in Australia, second only to partner visas. this is often highly unlikely! However, we understand that Global Talent is extremely important to the Department of Home Affairs, which could further increase. A more realistic figure could be 20,000, bringing it closer to the employer-sponsored program.
We don’t currently have an accurate gauge of the usage of the present program year’s allocation however we do know that that by 24 Feb 2021, 1447 invitations were issued and by 13 Dec 2020, 1,530 places of the allocated 15,000 had been given to applicants who held a short lived resident (skilled) visa.
All in all, if you’ve got skills within the fields of experience Australia is trying to find , things are looking very positive for Global Talent visas. Contact us today to speak about your Australian visa options.