The stage is once again set for the ‘Big Australia’ debate with the latest population projections figures for Australia revealing that Australia needs a net migration intake of 240,000 people per year to maintain its economy and living standards.

The projections are released once in five years by the Australian Bureau of Statistics (ABS). It last suggested in 2008, a net migration intake of 180,000 per year. That figure sparked the ‘Big Australia’ debate.

The ABS latest projections which are based on the 2011 population census now project a net migration intake of 240,000 indicating that big Australia needs to get bigger to survive.

Richard Marles, the opposition immigration spokesman in an interview with The Australian noted, “The ageing population is going to see the size of the labour force plateau and within decades that will start to shrink.” 

Fair work ombudsman acts on some 600 fast food outlets after receiving complaints of underpayment to foreign employees.

Yummy Noodle Box Franchise is among 600 fast food outlets that have been alleged to have underpaid overseas workers on temporary work visas including the 457 visa.

The Fair Word Ombudsman alleges that the Chinese noodle franchise failed to pay workers on 457 visas close to $650,000 over the last three years, in court documents.

Sydney Morning Herald has reported that six Chinese cooks and kitchen supervisors employed at Yummy Noodle Box takeaway shops in Dubbo, Orange, Bathurst as well as Bundaberg, Queensland, between July 2010 and March last year are collectively owed $642,311.

The Queensland Plan aims to have 50 per cent of the state’s population live outside the southeast corner by 2034.

The Courier-Mail has revealed that the Newman and Abbott governments have begun initial discussions about developing a quota system aimed at funnelling new arrivals into cities such as Cairns, Townsville and Rockhampton to promote growth.

Queensland’s Premier, Mr Campbell Newman says there is a growing need to alleviate the population pressure in the popular southeast corridor.

Dear Collegues ,

You might find intereting my correspondence with 457 manager in regards to qualifications "verification " of my client from India.  I got compleatly confused wheter my client is in opinion of DIBP  just not qualyfied or is not qualyfied criminal who  commited fraud..... so far no evidence to support any of this version have been given.

I might be wrong but in my opinion accusation of providing fabricated documnets is serious matter falling under criminal law. Accusing party suppose to present evidences of guilt before judgement.

National Australia Bank can assist you and your clients with Australia’s Significant Investor Visa (SIV)
 
At National Australia Bank (NAB) we understand that ensuring your client has the right investment advice and access to a range of complying investment categories, as advised by the Minister and the States and Territories, is one of the key issues you face in assisting your clients gain their Significant Investor Visa.

Our dedicated Private Client Managers are here to work with you and your clients along every step of the visa application process. They will ensure that your client has a thorough understanding of the investment options NAB can advise on and provide to them, within the state or territory they are applying for.

NAB Private Wealth

NAB Private Wealth is Australia’s largest private bank[1], offering highly personalised banking and wealth management solutions tailored to the individual needs of your client. In addition to the dedicated Private Client Manager assigned to your client, NAB Private Wealth provides your client with access to a range of specialists, from across the NAB Group of companies, to advise them on wealth creation and protection strategies including asset allocation, portfolio optimisation, tax planning, risk management, trusts and estate planning, even philanthropy.

Our Private Wealth services have been recognised through a suite of awards, having been named:

·         Winner Private Bank of the Year Smart Investor – Blue Ribbon Awards 2013

·         Winner Outstanding Institution Philanthropic Services and Outstanding Analyst by Australian Private Banking and Wealth Awards 2013

·         Winner High Net Worth (US$1 million to US$10 million category) By Euromoney Private Banking & Wealth Management Survey 2013

·         Winner Australia’s Best Private Bank – Australia by Asian Private Banker Awards for Distinction 2012

NAB is one of Australia’s largest banks which, as well as operating NAB Private Wealth, also operates Australia’s largest business bank and agribusiness bank, offering your client over 150 years of accrued experience. NAB is a top 10 ASX listed company with a presence in 10 countries including major banking operations in Australia, New Zealand, UK and USA. The company employs 40,000 people globally who service over 12 million customers. NAB is ranked as the Safest Australian bank and #16 overall World’s Safest Bank[2].

Significant Investor Solutions

In line with our expertise and position in the Australian banking market, NAB Private Wealth is ideally placed to advise your client on a suite of 20 SIV complying products and funds developed by the NAB Group, as well as offering solutions provided externally by third parties. If their investment preference is to invest in an Australian company or agribusiness, we will introduce them to one of our Business Banking Managers from Australia’s largest and leading business bank or Australia’s largest agribusiness bank. We will work together to help manage and grow your client’s investment.

Connect with us

You can connect with us at any time by contacting one of our local SIV experts, who will connect you and your client with our Private Bank in Australia.

Australia

Shannon Kong
E: This email address is being protected from spambots. You need JavaScript enabled to view it. Australia (National)
T: +61 477 331 892

Lily Huang
E: This email address is being protected from spambots. You need JavaScript enabled to view it. (New South Wales)
T: +61 467 818 628

Victoria Xia
E: Victoria Xia This email address is being protected from spambots. You need JavaScript enabled to view it. (Victoria)
T: +61 467 807 339
 
China and Hong Kong
Sharon Sun
This email address is being protected from spambots. You need JavaScript enabled to view it.
+86 138 172 70279

Singapore
Orlane Hugh
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T: +65 8339 5600

India
Rajesh Iyer
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T: +91 22 6198 8261

United Kingdom
Rebecca Paine
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T: +44 792 0500 238

For more information, please visit www.nabgroup.com/migrantbanking

[1] Australian Private Banking Council Benchmarking Project 2012 – performance amongst Australia’s five largest banks.

2 Comparison of long-term credit ratings and total assets of the 500 largest banks (Global Finance Magazine 2012)

Important Information

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