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Last week, the Federal Government announced changes to the 457 Visa program. Now that the dust has settled and the speculation has quietened, we can finally start to contextualise what it all means for our customers. As a Contingent Workforce Specialist organisation, with an in-house Migration division, we welcome the changes. Here’s why:
Yesterday Prime Minister Malcolm Turnbull announced the 457 visa program will be abolished and the Government will replace it with the completely new Temporary Skills Shortage (TSS) visa. According to recent information released by the Department of Immigration and Border Protection (DIBP), the implementation of these reforms will begin immediately and be completed by March 2018.
How often do you think about your super balance? Twice a year? Less often? Does it matter? I hear you think, I can’t access it for 20 years, right? Right, but by then you’ll need enough money to fund your lifestyle and like many clients we see, you’ll be wishing you’d done more to grow your super when you had the chance.
Australia is one of the most culturally diverse parts of the world and according to the Australian Bureau of Statistics around 45 per cent of Australians were born overseas or have at least one parent who was. This has been an important factor in shaping modern Australia; where we embrace international cuisine, participate in new traditions and familiarise ourselves with a mix of languages – here at Entity Solutions half of our workforce is bilingual.
Australia’s financial services industry, including banks, superannuation and insurance organisations, has been undergoing a major transformation in recent years. Although usually at the forefront of innovation, there is greater emphasis on digitalisation of internal processes as well as those associated with the customer experience. This combined with heightened attention on compliance has made it evident that the financial services industry, operating in an evolving global marketplace, needs to continue the relentless pursuit to advance their workforce strategies.
Melbourne is a city that’s easy to get comfortable in – topping The Economist’s Global Liveability Ranking for the fifth year running in 2015. A city with sublime living standards, great infrastructure and brimming with culture. A city that’s thriving, and is fast becoming one of the world’s hotspots for freelancers.
Connecting people to jobs compliantly and with administrative ease is the reason why Entity Solutions help so many businesses and individuals with their immigration requirements. In a potentially exciting year for businesses, 2016 promises much for business and innovators. The visa reform is set to promote these initiatives even further.
The upcoming release of the 2016/2017 Australian Federal Budget has the nation abuzz with speculation of many changes, including possible tax concessions to businesses. However, one policy focus getting particular attention is “the Ideas Boom”– the government’s proposal of investment in innovation across all sectors. One of the key areas in discussion is to provide easier pathways to funding for Universities and businesses to collaborate in industry based research. So what does this mean for the economy?
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