ARTICLE · 15 OCTOBER 2020

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What's In Store For Australian Migration In 2020/2021?

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Immigration and Migration planning is an incredibly important component of Australia's economy and post COVID-19 recovery plan.

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Immigration and Migration planning is an incredibly important component of Australia's economy and post COVID-19 recovery plan. Australia's Migration Program has always focused on attracting skilled migrants and business investments in the country.

The release of the 2020/2021 Federal Budget has confirmed Australia's objectives to prioritise the attraction of the "best and brightest migrants from around the world" through the Global Talent Independent program. It also aims to increase business investments through the Business Innovation and Investment Program (BIIP). This article will outline the key changes from the budget to Australia's migration.

Population Changes

The 2020/2021 Migration Program predicts net overseas migration will be 71,200 less than the 154,000 persons in 2019-20. But, it will likely gradually increase to around 201,000 in 2023-24.

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