Australia Eliminates Sponsorship Limits on Subclass 457 Visas

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Information about Australia Eliminates Sponsorship Limits on Subclass 457 Visas
Business & Mgmt

Published on March 13, 2014

Author: NairandCo

Source: slideshare.net

Description

The Australian Department of Immigration and Border Protection (DIBP) has recently eliminated the sponsorship limits on subclass 457 visas.

Australia Eliminates Sponsorship Limits on Subclass 457 Visas (Bristol, UK) - The Australian Department of Immigration and Border Protection (DIBP) has recently eliminated the sponsorship limits on subclass 457 visas. As per the new policy, employers will continue to estimate and report the total sponsorships to DIBP; the same will no longer be subject to strict limits and scrutiny, reports Nair & Co.’s Global HR Services Team. DIBP requires all employers submitting applications to become subclass 457 visa sponsors to provide the total estimated number of nominations to be made during the sponsorship period. This number will be accepted subject to a reasonable limit on the number of foreign workers a sponsor will require. Further, DIBP has reduced strict analysis of company nomination forecasts based on previous parameters (size, annual staff turnover, and local employers employed) and, has started accepting employers’ forecasts on the number of foreign employees as a logical limit. Lastly, employers will not lose sponsorship status even if they nominate additional foreign employees than their original forecasts. Hence, no restriction will be applied on the total number of foreign employees sponsored during the sponsorship period. It is important for employers to note that clarification is still pending on whether existing subclass 457 sponsors will remain subject to the nomination limits mentioned in their sponsorship approvals. Nair & Co. a provider of global HR services for companies with international operations advises companies looking to hire foreigners in Australia to take advantage of this new policy. The temporary Work (Skilled) visa (subclass 457) allows skilled workers to travel to Australia and work in their nominated occupations for up to four years. For more information about doing business overseas or to learn more about ourInternational HR Services team please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.

About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point- of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

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