Employment and skills update | 26 May 2023

26 May 2023

Temporary Skill Shortage visas

During the Employment and Skills Committee meeting on Tuesday, we heard from Home Affairs that Temporary Skill Shortage visas are being processed according to lodgement date. This means the new rate of $70,000 for the Temporary Skilled Migration Income Threshold (TSMIT) will apply to all visas that are lodged from July 1. 

 

New Highly Skilled Visa salary threshold 

On Thursday, ACCI attended a business peaks roundtable hosted by Home Affairs Minister Clare O’Neil to discuss the proposed new three-tiered visa system with a focus on the highly-skilled visa tier, which is yet to be created. This tier is to be a light-touch visa process with a focus on the income threshold as the most important factor. The recent Migration Review recommends “would need to receive a high salary of at least 1.X times Full Time Average Weekly Ordinary Time Earnings (currently about $98,000)”. The minister will hold a joint roundtable between business and unions to discuss the range.  ACCI is concerned salary is being used as a blunt instrument and that a nuanced approach is needed, given both sector differences on income and age.  

 

Trade Support Loans Amendment Bill 2023

Minister for Skills and Training Brendan O’Connor introduced the Trade Support Loans Amendment Bill 2023 into parliament this week. Trade support loans are interest-free, income contingent government loans that supports apprentices in priority trades with the cost of living while they complete their training. The bill will amend the current Act, removing the Trade Support Loans Priority List, expand eligibility to apprentices and trainees in high-priority occupations of skills need, focus on female dominated roles and a 20 per cent discount for completion. Those eligible for a loan will be extended to all occupations on the nationals skills priority list.  

 

Employment and Skills Committee meeting

The Employment and Skills Committee met virtually on Tuesday

The committee heard from representatives from the office of the Minister for Skills and Training, Brendan O’Connor, and the Department of Employment and Workplace Relations, who discussed the 2023-24 budget and the negotiations for the new National Skills Agreement (NSA).  The skills ministers met last Friday to discuss the NSA, with a focus on closing the gap and increasing completions rates. 







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