Australian Immigration Daily News

Migration Alliance is very pleased to announce that we have entered into a heads of agreement with BW Capital to provide strategic consulting services to clients of Migration Alliance members.  

BW Capital is the first “non-product” aligned professional financial partner that we have worked with and we are very excited about the innovative financial ideas and solutions that BW Capital brings to Migration Alliance members operating in the Investor Visa space.   

BW Capital is an independent asset consultant, providing specialist asset management services, research, advice and consulting to Institutional and Professional Investors, Ultra High Net Worth individuals and Family Offices. The firm was formed nearly 20 years ago as part of one of the then big four accounting firms - Arthur Andersen, after the global dissolution of Arthur Andersen in 2002 the senior team formed BW Capital. The result being one of the highest calibre, independent strategic financial management firm in the Asia-pacific, with deep skill sets spanning banking, capital markets and accounting.   

An additional Graduate Skilled Migration List will be introduced to attract the best global talent with the advanced qualifications, skills and experience and help grow Western Australia's share of the international education market.

The McGowan Government will give high achieving education graduates - PhD, Masters, Honours and other higher degree graduates - a pathway to skilled migration.

It is expected the changes will attract an increased number of high-quality international students to the State and help grow our share of the international education market.

The instrument repeals IMMI 16/066 (F2016L01198) made under 1.11B of the Regulations and in accordance with subsection 33(3) of the Acts Interpretation Act 1901 (the AIA).  

Subsection 33(3) of the AIA states that where an Act confers a power to make, grant or issue any instrument of a legislative or administrative character, the power shall be construed as including a power exercisable in the like manner and subject to the like conditions (if any) to repeal, rescind, revoke, amend, or vary any such instrument.

Source:

This Legislative Instrument repeals IMMI 13/028. IMMI 13/028 operated to specify the temporary skilled migration income threshold for the purposes of paragraph 2.72(10)(cc) of the Migration Regulations 1994 (the Regulations), and the annual earnings for the purposes of subregulation 2.72(10AB) and paragraph 2.79(1A)(b) of the Regulations.

Paragraph 2.72(10)(cc) and subregulation 2.72(10AB) of the Regulations have been repealed by the Migration Legislation Amendment (Temporary Skill Shortage Visa and Complementary Reforms) Regulations 2018. As at 18 March 2018, the annual earnings for the purposes of paragraph 2.79(1A)(b) are now specified in the Legislative Instrument IMMI 18/033.

Source:

The instrument:

This instrument, LIN 18/036, is made under subsections 140GBA(4), 140GBA(5) and 140GBA(6A) of the Migration Act 1958 (‘the Act’).

The instrument operates to determine the period, the manner, and the kinds of evidence of labour market testing. In particular the instrument:

a. determines a period within which labour market testing is required in relation to a nominated occupation;