On 4th September ‘The Hon Alan Tudge MP Acting Minister for Immigration, Citizenship, Migrant Services, and Multicultural Affairs’ announced the creation of a new taskforce to attract International businesses and exceptional talent to Australia. This is a part of the Job maker plan announced by the Government in May 2020. Attracting high-value businesses and exceptionally talented individuals to Australia will create jobs for Australians. The new, whole-of-government Global Business and Talent Attraction taskforce will bring together experts from across the Commonwealth, States, and Territories as well as the private sector, as part of the Government’s Job Maker plan.
The initial focus will be on three key sectors: advanced manufacturing, financial services (including FinTech), and health.
On 9 July, the Prime Minister announced that Australia would develop incentives to attract export-orientated Hong- Kong based businesses to relocate to Australia.
The taskforce will join up the Department of Home Affairs with the Australian Trade and Investment Commission (Austrade), and draw on expertise from the Treasury, the Departments of Foreign Affairs and Trade, Industry, Science, Energy and Resources, Defense, and the Department of Education, Skills and Employment.
They will work closely with the States and Territories, industry leaders, and specialists in identifying and executing opportunities.
Further information was given by Acting Minister for Immigration Alan Tudge in an interview on ABC.
Minister has indicated that this task force will target the larger businesses of maybe 200 or 250 million dollars or more or businesses that come here and can create hundreds of jobs for Australians.
As this taskforce is just not to attract businesses but they are also going to be targeting some of that global super talent which all the countries are competing for that generate jobs here, are the captains of industry, the top scientists, the top tech people, and the like. Alan Tudge has indicated that even though they don’t have an exact number of talented people they will be invited through this program, but they anticipate getting more than a thousand in the next year or so.
Companies and individuals who qualify will have access to:
streamlined pathways to permanent residency
bespoke advice on how and where to relocate
industry-specific contacts and support to help you find the right location and networks
end-to-end service with a single point of contact.
These interested parties will be set up through the already existing visa pathways:
Designed to attract highly talented individuals, with entrepreneurial ideas and cutting-edge skills within target industry sectors, who can contribute to Australia’s economy by driving innovation and supporting the creation of local jobs.
Designed to attract highly skilled migrants with cutting edge skills into niche occupations to help innovate established businesses and contribute to Australia’s developing start-up ecosystem.
This visa allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.
Parties can express their interest through www.homeaffairs.gov.au/globalbusinessandtalent