Publish Date: Oct 12, 2015
A new release from the Australian Bureau of Statistics (ABS) has shed light on an important area of the Australian economy; the personal incomes of those people immigrating to Australia.
Important for the economy
The ABS explained that the future economy of the country, as well as Australian society, is constantly being shaped by migration. It is easy to see why, with 1.8 million migrants entering Australia in 2012-13 alone, under the Australian Government Migration Programme.
Of note is the fact that 1.2 million entered in the Skilled stream, while 631,500 entered in the Family stream. This significant number of people were primary contributors to the economy.
To see the effect these migrants have on the Australian economy, it is only necessary to look at the total income of these individuals. In the 2009-10 financial year, the total income of migrants was $37.7 billion.
Employee income contributed significantly, with 92 per cent contributing to total income. The ABS found that $25.5 billion was reported by those migrants from the Skilled visa stream.
The General Skilled Migration Program will be a consideration for those migrants with appropriate skill sets, provided they fall below the age threshold of 50 years. Successful applicants for skilled migration visas can potentially apply for permanent residency.
Skilled migration visas include the Skilled Independent visa (subclass 189), the Skilled Nominated visa (subclass 190) and the Skilled Regional (Provisional) visa (subclass 489). There is also the Skilled Regional (Residence) visa (subclass 887).
It is important to note that the General Skilled Migration Program has a number of specific features, including the fact that it is a points-based system (awarded based on factors such as age and language ability), and people have to be invited to apply.
The Department of Industry also encourages applications from skilled individuals wanting to live in regional NSW, under the Skilled - Regional (Provisional) (subclass 489) visa.
For anyone considering moving to the country, it's important to understand the current state of the economy, and the various processes required. For example, the general skilled visa application process. Get in touch with expert lawyers in NSW today to learn more about the visa processes.
Dedicated immigration lawyers can provide useful advice on bringing family members into Australia and the visas required to work in Australia.