PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Federal Budget Impacts Businesses Employing Foreign Workers .pdf


Original filename: Federal Budget Impacts Businesses Employing Foreign Workers.pdf
Author: Unibiz3

This PDF 1.5 document has been generated by Microsoft® Word 2016 / www.ilovepdf.com, and has been sent on pdf-archive.com on 26/07/2017 at 12:36, from IP address 123.201.x.x. The current document download page has been viewed 114 times.
File size: 338 KB (2 pages).
Privacy: public file




Download original PDF file









Document preview


Federal Budget Impacts Businesses Employing Foreign Workers
There are many businesses, right across Australia, taking advantage of the skills and
knowledge that foreign workers bring to the workplace. If you’re one of them, you’ll need to
be aware of the changes announced in the Federal budget on 9 May… because they will
impact you!
In essence, the government is imposing an annual foreign worker levy on your business plus
a one-off levy for every foreign worker you employ.
What Does This Mean to You?
Small businesses pay:
• $1200 per worker for every year the temporary visa worker is under their employment
• A one-off payment of $3000 for each employee they sponsor for a permanent skilled visa.
Larger businesses, with a turnover of more than $10 million pay:
• $1800 per worker per year under their employment
• A one off $5000 levy for permanent skilled visas.
• Why?
• The new levies are expected to raise $1.2 billion over the next four years. This will
contribute to a new Skilled Australians Fund which will support around 300,000
apprenticeships and traineeships in high-demand occupations that currently rely on skilled
migration.
• What Else Do You Need To Know?
• The Federal Budget announcement comes hot on the heels of a reform to the 457 Visa
program for skilled migrants which came into effect in mid-April 2017.
• The reform saw the 457 Visa program replaced by a short-term two-year visa and a
medium-term four-year visa with a new, more targeted occupation lists which better aligns
with the skills needed in the Australian labour market.
• Additionally, the reform lifted charges for Visa applications; with the short-term (twoyear) stream increasing from $1,060 to $1,150, and the medium-term (four-year)
applications costing $2,400. By the time the reforms are completed in March 2018, further
restrictions on permanent residency will come into effect. Read more here.
• Questions? We’re here to help

• For expert advice on how these changes will impact your business and how you can
prepare for a future with all the skilled foreign workers you need, contact your Ayers
account manager.


Federal Budget Impacts Businesses Employing Foreign Workers.pdf - page 1/2
Federal Budget Impacts Businesses Employing Foreign Workers.pdf - page 2/2

Related documents


federal budget impacts businesses employing foreign workers
457 abolition and replacement cdr writing
australia s 457 visa scheme has been abolished
singapore work passes and work permits for foreigners
features of the canada federal skilled worker visas
unemployment attorney tips avoiding discrimination


Related keywords