National Innovation visa (858 visa), replacing the current Global Talent visa
The Government will implement a new National Innovation visa, replacing the current Global Talent visa (subclass 858) from late 2024, to target exceptionally talented migrants who will drive growth in sectors of national importance.
- Will replace the Global Talent visa but remain a Sc 858 visa
- Will have a place for a broad range of high calibre talent with a diversity of backgrounds such as :
- Global researchers and thought leader e.g. published in leading journals, high levels of publications and citations, recipients of top of field awards
- Entrepreneurs both established and emerging with lessons taken from successful State and Territory led initiatives
- Innovative Investors with a focus on the quality of investment, not simple thresholds
- Athletes and creatives particularly those that represent Australia internationally
- Applications will be by invitation only and the EOI process will more closely reflect that of other invitation only visas.
The Department also provided a comparison between the NIV and the SID in the Specialist Skills stream, please see table below:
Skills in Demand (SID visa (Sc 482) Specialist Skills stream |
National Innovation visa (NIV) (Sc 858) |
|
| Applicant profile | Highly skilled, earning at least $135,000, with an employer sponsor | Internationally recognised record of exceptional talent, prominent in their field |
| Visa length | Up to 4 years (with pathway to permanent residency) | Direct to permanent residence |
| Sponsorship requirement | Must have an approved sponsor | Must be nominated via approved form 1000 |
| English | Competent English | Functional English or pay second VAC |
| Age | Any age (PR requirements are separate) | Any age |
| Occupation restrictions | Almost any occupation except trades workers, machinery operators and drivers, and labourers | No occupation restrictions |
| Grants each program year | Demand driven | Planned program and must be invited to apply |
Global Talent program
This is a permanent visa for people who have an internationally recognised record of exceptional and outstanding achievement in a sector or in future-focused sectors.
Global Talent Employer Sponsored program
This program is designed to attract highly skilled migrants with cutting-edge skills into niche occupations. This helps innovate established businesses and contribute to Australia’s developing startup ecosystem.
Book a meeting for a commitment free briefing with our Registered Migration Agents in Melbourne to find more about your visa options.
