Global Talent Scheme
What is the Global Talent Scheme ?
The Department recently introduced the Global Talent Scheme, a 12-month pilot scheme, run on a trial basis that aims to attract highly skilled global talent and deliver innovation, mostly in technology-focused industry to Australia.
It is a new pilot scheme that has two streams, one being Established business stream and the other being Start up Stream, which all aim to bring and import skills to help Australia in combating the increasing global competition for high-tech skills and talent and cannot be filled by Australian workers and through other existing visa schemes.
The Global Talent Scheme comprises 2 streams:
+ Stream 1 - Established Business Stream
Applicant who wishes to apply under the Established business stream will be required to have a sponsor who wishes to employ such highly-skilled individuals with cutting-edge skills.
+ Stream 2 - Start-up Stream
Applicant who wishes to apply under the Start-up Stream does not require an accredited sponsor. But the employer who wishes to employ such applicant will need to be operating in a technology based or STEM (science, technology, engineering and mathematics) related field and must be endorsed by the independent start-up advisory panel designed specifically for the Global Talent scheme.
All applicants will be subject to the usual health, character and security and must have relevant qualifications. Upon the grant of visa, they will have access to transitional pathway to permanent residence after 3 years.