Navigating Australia's Permanent Migration Program Planning Levels for FY 2023-24
Highlights
Business Innovation and Investment Program (BIIP) Visa Category
How to plan out your visa application with the new planning levels
The Australian government has recently announced the planning levels for the 2023-24 Permanent Migration Program. With a slight reduction of 5,000 places compared to the previous year, the program will consist of 190,000 places. This adjustment aims to ensure a greater focus on addressing immediate workforce shortages while maintaining Australia's status as a competitive and preferred destination for exceptional global talent.
Skilled Independent Visa Category
The Skilled Independent visa category, which allows skilled migrants to apply for permanent residency without needing a sponsor, will have 30,375 places allocated for the 2023-24 program. This is comparable to the previous year's allocation of 32,100 places. The slight reduction in planning level is primarily due to the closure of the New Zealand stream of the subclass 189 visa, as a new direct pathway to citizenship for Special Category Visa holders who meet citizenship eligibility requirements has been established.
Business Innovation and Investment Program (BIIP) Visa Category
The planning level for the Business Innovation and Investment Program (BIIP) has been significantly reduced from 5,000 visas in 2022-23 to 1,900 visas for the 2023-24 program. This reduction aims to prioritize addressing immediate workforce shortages and provide places to business and investor migrants who can contribute to Australia's economic growth. Additionally, the program will continue to offer places to entrepreneur migrants whose innovations can enhance the productivity of Australian businesses.
Global Talent Visa Category
The planning level for the Global Talent Visa (GTV) Program will remain unchanged at 5,000 places for the 2023-24 program. This decision ensures that Australia maintains its competitive edge in attracting exceptional international talent while addressing persistent skill shortages within the country.
Family Stream
The size of the family stream will be maintained, as family migration plays a crucial role in Australia's migration system. It allows Australian citizens and permanent residents to reunite with their family members, contributing to stronger social cohesion outcomes. The Partner visa category, which is the largest within the family stream, will continue to operate under a demand-driven model. This model recognizes the benefits of family reunification and supports Australia's population growth and social cohesion goals. The planning levels for the Parent program and the Other Family visa category will remain the same as the previous year.
Child Visa Program
The Child visa program, which enables individuals to sponsor their dependent or adopted child or an orphaned relative, will maintain its demand-driven planning level of 3,000 places. The Australian government prioritizes the reunification of children with their Australian parent or family sponsor to fulfill its international obligations, considering the best interest of the child as a primary consideration.
How to plan out your visa application
Planning your visa application with the new 2023-24 Permanent Migration Program planning levels requires thorough research, preparation, and understanding of the process. Here's a guide to help you navigate the process:
Research the Visa Categories- Familiarize yourself with the various visa categories under the Permanent Migration Program.
Assess Your Eligibility- Assess your eligibility for each visa category. Consider factors such as your skills, qualifications, work experience, or business background. To save you time, you can try our free eligibility assessments which can give you quick results. (Different assessments are provided below)
Seek Professional Advice- It's highly recommended to seek professional advice from registered migration agents or immigration lawyers. They have a thorough knowledge of the immigration system and can guide you through the application process, ensuring that you meet all the requirements and submit a strong application.
