Labor to fast-track ‘skilled’ visas


The AFR reports that the Albanese government is planning to fast-track visa approvals for highly paid skilled migrants who earn at least $120,000:

“The government has indicated to stakeholders the salary threshold for access to the new high-skill visa stream is likely to be around $120,000, but potentially as high as $150,000, according to sources involved in the consultation”, The AFR says.

However, the business lobby is believed to want a lower pay threshold of $98,000 for the new high-skill tier to ensure maximum access to the program, which is expected to include no skilled occupation list and no labour market testing.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.