The Abacus

New Business Visas for Global Talent

By: ACBC National

The Australian Government has announced two new visa schemes to attract some of the world’s brightest minds to Australia’s industries.  

The Global Talent Independent Program will fast-track visas for 5,000 highly skilled individuals from around the world. The scheme will focus on high-tech industries such as fintech, quantum computing and agtech.

The 5,000 migrants will be included under the existing annual migration cap of 160,000. “These will be available for truly exceptional people and their families to migrate to Australia,” claimed Minister for Immigration Citizenship, Migrant Services and Multicultural Affairs David Coleman.

Global Talent Officers will be located in Berlin, Dubai, Santiago, Shanghai, Singapore, and Washington DC and potential recipients of the new visa scheme will be scouted and recruited from leading global institutions such as MIT, Stanford and Oxford.

The scheme is welcome news for Australian business, which has long called for greater flexibility in recruiting highly skilled professionals from China. ACBC looks forward to supporting the Department of Home Affairs which has posted a Global Talent Officer in Shanghai to identify talent in high-tech fields, where China has become a global leader.   

For Australian businesses and start-ups, the Global Talent Employer Sponsored Program (GTES) will allow streamlined access to highly skilled individuals from around the globe.

“This program will help tech companies to fill the gaps, while we continue to develop the skilled workforce we need,” Minister for Industry, Science and Technology Karen Andrews said.

23 GTES agreements have been entered into with companies seeking to fill specialised positions. The GTES agreements last five years and provide access for up to 20 highly-skilled visa applicants per year for established businesses and five per year for start-ups.

Online graphic design business Canva is one of Australia’s most valuable and successful start-ups and has been involved in the GTES pilot. “Our ability to bring in top talent from overseas will help us to continue to deliver on our huge product roadmap, which is essential to the success and growth of Canva,” Ms Perkins said.

The Start-up Advisory Panel will be a key feature of the ongoing GTES program. The Panel endorses eligible start-ups for access to the scheme and enables start-ups access to the critical skills required to advance their businesses and create more jobs for Australians.

The Department of Home Affairs aims to finalise all GTES agreements within two weeks of a complete application being submitted, allowing businesses to fill critical vacancies quickly.

Businesses applying for the program are required to demonstrate they are unable to source Australian workers for the roles they are seeking to fill.

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Image: Shutterstock 



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