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<h2 style="margin-top:13px">Highlights: New Innovation Visa launched in Australia to invite skilled professionals</h2>

<ul>
	<li>The Government of Australia announced a New Innovation Visa to attract skilled workers.</li>
	<li>The new innovation visa is a replacement for the Global Talent Program.</li>
	<li>The Business Innovation and Investment Visa Program (BIIP) will be terminated.</li>
	<li>The Australian Government plans to address issues like inflation rates and the impact of the rental market.</li>
</ul>

 

*Want to check your eligibility to Australia? Use the <a href="https://www.y-axis.com/skilledimmigrationpointscalculator/australia/">Y-Axis Australia Immigration Points Calculator</a> to get instant results for FREE!!! 

 

<h3>New Innovation Visa in Australia</h3>

In a recent announcement, the Government of Australia introduced an innovation visa to invite skilled professionals. The new visa will replace the <a aria-label="Link Global Talent Program" href="https://www.y-axis.com/visa/pr/australia/global-talent-independent-program/" rel="noreferrer noopener" target="_blank" title="https://www.y-axis.com/visa/pr/australia/global-talent-independent-program/">Global Talent Program</a>, which is expected to end by late 2024.

 

The Australian immigration system aims to attract skilled workers and talented professionals while keeping the inflation rate in check. Treasurer Jim Chalmers reported recent changes in the annual budget, which are also part of Australia’s overall immigration program.

 

*Willing to migrate to Australia? <a href="https://signup.y-axis.com/">Sign up with Y-Axis</a> to get complete immigration assistance! 

 

<h3>Termination of the Global Talent Program</h3>

The Global Talent Program or the Australian Golden Visa program will be terminated. The discontinuation of the Business Innovation and Investment Visa Program (BIIP) will affect the pathway to <a href="https://www.y-axis.com/visa/pr/australia/">Australian PR</a> through investment.

 

The Government of Australia is to introduce stricter rules on student visas. A ballot system will be implemented for the work and holiday visa for candidates from India, Vietnam and China from FY 2025. 

 

*Are you looking for step-by-step assistance for <a href="https://www.y-axis.com/migrate/australia/">Australia Immigration</a>? Talk to Y-Axis, the leading visa and overseas immigration consultancy! 

For recent immigration updates on Australia, check out <a href="https://www.y-axis.com/australia-immigration-updates/">Y-Axis Australia Immigration News</a>! 

If you found this article interesting, you would also like to read…

<a href="https://www.y-axis.com/news/australia-announces-new-changes-in-temporary-graduate-visa-apply-now/">Australia announces new changes in Temporary Graduate Visa. Apply now!</a>

New innovation visa launched in Australia to invite skilled professionals 

Australia launches new innovation visa to attract skilled professionals

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