The Accredited Sponsor Scheme, which allows certain concessions and a more rapid processing of Temporary Skills Shortage (TSS) Visas, is to be expanded in a move that the government believes will benefit many Australian businesses.
Accredited sponsors typically have their TSS visa processed within 5 business days, compared to an average 42 business days for other TSS applicants.
The Minister for Immigration, Citizenship and Multicultural Affairs David Coleman said employers that have invested in the past five years at least $50 million into their Australian business will now be eligible for the Scheme. The investment must have directly created Australian jobs or generated export activity:
Extending the scheme to reputable businesses that have invested $50 million in Australia will ensure those businesses can access the skilled workers they need, and they can continue to contribute to the economy through further investment, job creation and innovation.
Currently, there are 900 businesses and government organisations that have been accredited under the Scheme. It is expected that the number of accredited sponsors will almost triple to 2500 by the end of the calendar year.
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