Here at Oxford Immigration & Educational Consultant, I am glad to share with you this advanced news of how the new changes of the Australian skilled visa system are going to be. It is expected that these updates will be implemented by the end of 2024 and will thus entail into the influenced visa process of the skilled workers’ applicants. Lets understand some of the crucial aspects of the Skills in Demand (SID) visa and at the same time, the National Innovation Visa (NIV).

Skills in Demand (SID) Visa (Replacing Subclass 482)

The SID visa will take a stepping stone and come in place of the current Temporary Skill Shortage (TSS) visa (Subclass 482). Here is some of the notable information that you have to immerse yourself in:

• • It will be a temporary skilled worker visa with a validity of up to 4 years.

• • There will be a clear pathway to permanent residence.

• • The visa will have three streams: Specialist Skills, Core Skills, and Labour Agreements.

• • The work experience requirement will fall down to one year.

Specialist Skills Stream

This stream is devised for the high-income migrants only who are capable of earning at least $135,000 per year. This course will be available to all the jobs excluding trades workers, machinery operators, drivers, and labourers.

Core Skills Stream

This course will be offered only to the workforce. New Core Skills Occupation List and a Core Skills Income Threshold are those which are going to be new courses.

Labour Agreement Stream

The existing TSS Labour Agreement stream will be replaced with the Skills in Demand Labour Agreement stream.

National Innovation Visa (NIV) (Replacing Global Talent Visa)

This NIV will substitute the Global Talent visa and will also hold on to the sub-class 858 ID. The following are the main features:

• • It will address a wide spectrum of top talents with different backgrounds and life experiences.

• • Only invited candidates can apply.

• • The Expression of Interest (EOI) process will be more closely aligned with other invitation-only visas.

On the other end, the NIV also provides services to:

• • Research centers and thought leaders worldwide

• • Both the established and emerging entrepreneurs

• • Innovative investors

• • Athletes and creatives representing Australia on the global stage

Comparison: SID Specialist Skills Stream vs NIV

The Skills in Demand (SID) Specialist Skills Stream and the National Innovation Visa (NIV) are the two changing the way of immigration in Australia. Alike these both visas are meant to attract highly skilled individuals, they differ according to the profile preference of the applicant.
The SID Specialist Skills Stream is designated for high-earning professionals with the employer’s backing and also provides an avenue to a permanent residence.

The NIV, on the other hand, is a visa for the Earth’s greatest creatives from various fields that let a person migrate with no restrictions of attempt.

These innovative visas are the evidence of Australia’s determination to bring in a diverse pool of talents and to deal with the shortage of workers in a better way by allowing the skilled people to come by a more understandable path.