Australia has decided to discontinue its 12-year-old investment immigration program and the GTI (Global Talent Visa) program introduced in 2019, merging them into the NIV (National Innovation Visa). Only limited information was disclosed during the immigration conference on November 1, with full details expected by the end of the year.
1. Key Promotion of the NIV
The NIV will replace the current Global Talent Visa, but it will still be categorized under the 858 subclass. This visa aims to attract top talent from around the world, specifically covering:
① Leading researchers with a high academic reputation globally, who have published high-quality research in prestigious journals, possess a strong citation record, or have received industry-recognized awards.
② Entrepreneurial elites who have made significant achievements in national or regional projects, typically government-led, focusing on high-tech and innovative industries or strategic sectors with long-term economic impact, such as renewable energy, artificial intelligence, and biotechnology.
③ Innovative investors with a focus on high-quality, long-term investments, aiming to drive the growth of high-tech industries, create quality employment, foster technological advancement, and strengthen partnerships between government, business, and research, bringing positive economic effects and long-term value to Australia.
④ International-level talent in sports and the arts, who have demonstrated exceptional performance or artistic skill on the global stage, bringing international recognition and acclaim to Australia.
2. Application Process and Selection System
The NIV will maintain a passive selection system similar to the current EOI (Expression of Interest) model used for skilled migration. This shift targets top global talent, including research elites, entrepreneurs, innovative investors, and outstanding athletes, to attract individuals who can drive Australia’s innovation and economic growth. The policy increases the nomination threshold, requiring endorsement from Australian peers and a detailed application form. The assessment will emphasize investment quality and entrepreneurial spirit, prioritizing those who positively impact the economy, advance high-tech industries, and foster government-business-research collaboration. The NIV will have no age or occupation restrictions, allowing internationally recognized achievers to apply directly for permanent residency, providing equal opportunity and room for growth.
3. Comparison between the 482 (SID) High-Skilled Visa and the NIV
① 482 (SID): Employer-sponsored, minimum annual salary of AUD 135,000, IELTS 6.0, 4-year temporary visa with a PR pathway.
② NIV: Direct pathway to PR, no age or occupation restrictions, no employer sponsorship required, requires Form 1000, IELTS 4.5 equivalent or an additional language fee.
This comparison reflects Australia’s shift in immigration policy focus from capital investment quantity to investment quality and innovation value. In the future, high-end talent capable of driving technological breakthroughs and industry growth in Australia will be prioritized.
Therefore, applicants interested in the NIV should thoroughly understand its eligibility criteria and requirements and plan accordingly. Enhancing their competitiveness through further education, technical training, or work experience will better meet Australia’s demand for high-end talent. It is essential to prepare robust application documents and highlight one’s skills and expertise. Meeting the required English standard is also crucial. Consulting with professionals and staying updated on policy changes can be beneficial.
