On 27 April 2023, Minister Clare O’Neil gave a speech at the Nation Press Club, discussing Australia’s current migration environment and the future reforming strategy for the migration system.
On 9 May 2023, the federal government announced the new 2023-24 Financial year budget.
We have summarised the significant announcements in the Budget paper and the associated documents related to the Australian migration program below.
Migration Planning Levels
The 2023-24 Permanent Migration Planning level has been set at 190,000, with 72% quotation allocated to the skilled migration stream.
Skill stream (137,100 places):
200 places are allocated for the Hong Kong stream of subclass 189 (Skilled – Independent) visa;
A reduction of 62% in the Business Innovation and Investment Program (BIIP) will ensure the permanent migration program is a greater focus on addressing immediate workforce shortages.
Family stream (52,500 places)
Visa Category | FY 2022-23 | FY 2023-24 |
Skill Stream | | |
Employer Sponsored | 35,000 | 36,825 |
Skilled Independent | 32,100 | 30,375 |
Regional |