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Australia releases draft Core Skilled Occupations Lists for stakeholder consultation
The Australian Government is continuing with its rollout of the Migration Strategy (the Strategy) with a formal role for Jobs and Skills Australia (JSA) in informing migration policy through an analysis of the Australian labour market and skills needs. JSA has released a draft Core Skills Occupations List (CSOL) for stakeholder consultation. Australia’s skilled migration occupation lists were last updated in March 2019. Employers are encouraged to engage in this consultation as the new CSOL will shape the Skills in Demand visa which is scheduled to replace the Temporary Skills Shortage (TSS) visa by late 2024. The Skills in Demand (SID) visa will have three tiers. The majority of SID visa holders are expected to be catered for by the mid-tier Core Skills pathway, for workers in a listed occupation earning at least the Temporary Skilled Migration Income Threshold but below the high salary threshold to be set for the first tier Special Skills pathway.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.