The federal government has expanded the scope of Australia’s fledgling permanent migration scheme, the Global Talent Independent Visa (subclass 858 and 124) for highly-skilled technologists by tripling the intake for this financial year.
The program initially focused on finding applicants likely to earn more than $153,000 each year in one of seven future-focused fields. The fields in question include cybersecurity, fintech and quantum computing. However, the government is accepting applicants from 10 target sectors now that cover more ground than the original set of definitions. New target sectors include education, tourism, agtech, health, defence, Digitech, financial services, fintech, manufacturing and space.
Changes to the scheme’s scope come after the GTI cap was increased to 15,000 places, which is three times the 5000 target intake during the scheme’s first year in 2019-2020. A total of 4109 people were granted GTI visas from 5923 expressions of interests over the first seven months, despite initially struggling to attract applicants.
Despite the increased quota, the 15,000 visas would be inclusive of all secondary applicants including partners and children.
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