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Australia expands pathways to permanent residence
The first significant amendments to employer sponsored skilled visas under Australia's new Migration Strategy will commence on 25 November 2023. EY welcomes the expected changes that will expand pathways to permanent residence to the majority of sponsored temporary skilled visa holders working in Australia. Limits on the number of short-term Temporary Skill Shortage (TSS) visa employees can apply for while in Australia will also be lifted from 25 November 2023. The amendments are subject to legislative approval.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.