Jaimie was allocated priority processing under the Global Talent Program and was swiftly invited to bring her pioneering technologies to Australia.
However, the Federal Government has stopped prioritising these exceptional talents, and AOYE can unequivocally state that Australia is losing them to programs such as the USA’s EB1-a.
The AOYE Group (AOYE) have contributed to onboarding exceptional talent and high-profile individuals and bringing them to Australia’s shores for over twenty years.
Introducing the subclass visa 858 Global Talent Visa Program (GTI) in 2019 was a positive move to help stimulate and grow the Australian economy and maintain and improve the standard of living for the wider Australian community. However, the Federal Government is currently reviewing the whole migration program and is exhibiting signs of inhibiting or perhaps even cancelling the Global Talent Program.
The Parliamentary Joint Standing Committee on Migration currently facilitates the inquiry - ‘Migration – Pathway to Nation Building.’ Key players across several industry sectors are contributing submissions to the inquiry. AOYE was pleased to see that the underlying theme from these industry leaders was in support of recommendations. To increase numbers and re-introduce the priority processing.
The Tech Council of Australia
The Tech Council notes that Australia offers poor processing times for global talent applicants compared to other OECD nations. Most other countries are processing with twenty days to thirty days and Australia currently quotes four months of processing time.
The Tech Council, also states the need for faster paths to permanency to attract experienced, skilled migrants who often have families and need a reasonable level of certainty, and Australia should be looking to a processing time of ten days.
The priority processing time for the USA's EB1-a is a maximum of 15 days
Australian Academy of Technological Sciences
ATSE Argues that migrants play a vital role in Australia’s world-class STEM (science, technology, engineering and mathematics).
Streamlining the visa approvals process for early career STEM researchers and professionals will help Australia to attract and retain the brightest minds and ensure Australia remains an internationally competitive destination for highly-skilled migrants.
More than one-third of Australia’s STEM workforce was born overseas
One-third of the Prime Minister’s Prize for Science winners since 2000 were born overseas
KPMG
KPMG’s recommendations leverage the attractiveness of Australia as a global talent hub destination and one equipped to build future-ready industries
Assuming that the new migrants are 20 per cent more productive than the incumbent workforce on average, consistent with a focus on skilled workers, there is an additional projected $5 billion lift to GDP in 2030. There is a considerable role of migration in boosting Australia’s living standards, strengthening the economy, and meeting workforce requirements. In addition, skilled migration benefits society through cultural diversity, boosts productivity growth, and brings new knowledge and experience.
The Australian Chamber of Commerce and Industry
The ACCI states we need to set the cap for permanent migration based on the evidence of economic benefit, taking into account the shifts in net overseas migration and natural population increases, and then resource the application process to ensure the outcome is closer to the cap. A strong focus should remain in terms of permanent skilled migration.
Australian attractiveness cannot be taken for granted when the international competition for talent continues to intensify due to major migrant-receiving countries receiving similar population and labour force challenges.
The Migration Institute of Australia
The MIA recommends that the Global Talent visa program as a means of building human capital be reviewed and restored to priority within the skilled migration program.
Australia is in direct competition with other advanced economies to attract and retain the best talent worldwide. Evidence has been mounting over the last decade that Australia may not be the primary choice destination that it once was for skilled migrants, talent and or business innovation and investment visas.
Constant changes to Australia’s migration policies and programs unsettles prospective migrants and businesses and feed perceptions that Australia’s migration programs are unstable and unpredictable over the longer term
MIA members have recognised the Global Talent Program to be an attractive visa for highly innovative and qualified skilled applicants and an ideal way of building human capital, has also lost momentum with the change of government, reduction to a third of previously allocated visa places and the downgrading of processing priority for these visas.
In summary
AOYE can quote from first-hand experience that Australia is now losing best-in-class talent to other markets as a result
To ensure the Government is able to leverage our forsight, AOYE has also submitted a report to the Parliamentary Joint Standing Committee on Migration, for the inquiry - ‘Migration – Pathway to Nation Building.’
Concurrently AOYE has also submitted letters to key Federal Ministers on both sides of the Government, stating that it would be prudent for Australia to continue and expand the Global Talent Program. With three key messages.
Priority Processing… is what makes Australia attractive.
Increasing the annual Global Talent Program intake to enable Australia’s growth.
Focus on the growing talent pool from within our region.
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