Economic Outlook Immigration | The Government’s Economic and Fiscal Outlook released today shows the impact of the COVID-19 pandemic across all parts of the Australian economy, including immigration.
The Outlook revealed a few key assumptions on how the pandemic will continue to affect migration to Australia:
- Between July and December 2020, only Australian Citizens, Permanent Residents, New Zealanders, a small number of international students, and those with a valid Temporary Visa and Travel Exemption will be able to travel to Australia, based on the announced policy to date.
- From 1 January to 30 June 2021, the Government assumes the international travel ban will be lifted, however, a two‑week quarantine period will still be required for all arrivals. Temporary and permanent migration is expected to resume but at a reduced rate overall, with international travel to remain low until the end of the June quarter of 2021.
- International tourism and student migration levels are expected to remain low in 2020-21.
- Australia’s population growth is assumed to slow to 1.2 per cent in 2019-20 and to 0.6 per cent in 2020-21 — the lowest annual rate of growth since 1916-17. This is mainly due to lower Net Overseas Migration levels.
- Net overseas migration (NOM) is assumed to fall from 232,000 in 2018‑19 to be 154,000 in 2019‑20 and 31,000 in 2020‑21. The NOM includes both temporary and permanent migration and is significantly affected by international travel restrictions and constraints on the ability of applicants to meet visa application requirements.
Economic Outlook Immigration
- Future migration levels remain highly uncertain, due to the nature of the pandemic and the duration of measures to contain its spread in Australia and abroad.
The Government will announce the size and composition of Australia’s 2020-21 migration program on 6 October 2020 as part of the Federal Budget. We will certainly keep you updated.
Interstaff are here to support you
Australia’s international travel ban continues to have a significant impact on migration and the economy. While it is possible to apply for a Temporary or Permanent Visa and the Government has recommenced visa processing, delays are still being experienced.
You may also find our COVID-19 FAQ’s for Visa Holders helpful in understanding how the pandemic may impact your visa and travel arrangements.
If you have any visa or migration concerns, please do not hesitate to get in touch. Our team of Registered Migration Agents are here to support you – simply contact us at [email protected] or +61 8 9221 3388 (or National Free Call 1800 449 858).
Source:
Interstaff Migration Agents
Treasurer Josh Frydenburg – Economic and Fiscal Update
Interstaff’s Registered Migration Agents
