"Breaking: Australia's National Innovation Visa Set to Revolutionize Immigration in 2024"

National Innovation Visa (Subclass 858): What You Need to Know About the Changes from 6 December 2024

Starting 6 December 2024, Australia will launch a new migration pathway with the National Innovation Visa (Subclass 858) ? replacing the Global Talent Visa. This visa aims to attract talented individuals from around the world ?who can make a significant contribution to Australia’s economy and innovation ecosystem. As these changes take effect, there are several key aspects to consider. Let’s explore the amendments and what they mean for your visa application.

What is the National Innovation Visa?

The National Innovation Visa (Subclass 858) is designed to provide a pathway for skilled professionals, researchers, and entrepreneurs with internationally recognized achievements in their fields. Whether you’re an innovator, an entrepreneur, or an expert in your profession, this visa is tailored to those who can offer a unique contribution to Australia’s economic development.

The introduction of the National Innovation Visa comes with a number of important amendments to the Migration Regulations, effective from 6 December 2024. Here’s a breakdown of the changes.

Key Changes Under the National Innovation Visa (Subclass 858)

1. Renaming and Replacing the Global Talent Visa:

The Migration Amendment (National Innovation Visa) Regulations 2024 officially replace references to the Global Talent Visa with the National Innovation Visa throughout the Migration Regulations 1994. This is more than just a name change; it signifies Australia’s shift to a broader focus on national innovation and economic development.

As part of this transition, all references to the Global Talent Visa (Class BX) will be changed to the National Innovation Visa (Class BX). For example, in Schedule 1 of the Migration Regulations, the term “Global Talent” will be substituted with “National Innovation” in various provisions, such as Regulation 1.12(7) and Subregulation 2.06AAB(1), along with others.

2. Invitation to Apply Requirement:

One of the most significant changes with the National Innovation Visa is the requirement that applicants must be invited, in writing, by the Minister to apply. This was not a requirement under the previous Global Talent Visa system, but it is now a key step for individuals wishing to apply for the National Innovation Visa.

Applicants will need to apply within the period stated in the invitation and meet the criteria outlined in the invitation. This ensures that only those with a specific invitation from the Minister will be eligible to submit their application.

3. Record of Exceptional and Outstanding Achievement: Under the new regulations, applicants must demonstrate that their internationally recognized record of exceptional and outstanding achievements aligns with the details provided in the invitation. This includes showing their achievements in the specific area stated in the invitation, which could be in sectors like technology, business, research, or other fields of national importance. This requirement is codified in Clause 858.212(3) of Schedule 2, which ensures that the applicant’s achievements are directly aligned with the ministerial invitation. 4. Transitional Arrangements:

For applicants who have already lodged a Global Talent Visa application before 6 December 2024, their application will continue to be assessed under the old Global Talent visa rules. The new regulations only apply to applications submitted after 6 December 2024, ensuring a clear transition for those in the process before the changes come into effect.

5. Streamlined Application Process:

From 6 December 2024, applicants must submit their applications using Form 47NI. This form can be completed online through Immi Account or submitted in paper format by email, provided the Department of Home Affairs authorizes this method. It’s essential to ensure the correct form is used and the application is submitted within the timeframe stated in the invitation.

The Benefits of the National Innovation Visa

The National Innovation Visa offers several significant benefits: •

• Pathway to Permanent Residency: The National Innovation Visa is designed to lead to permanent residency in Australia, offering long-term opportunities for individuals and their families to live, work, and contribute to Australia’s economy.
• •
• Attracting Global Talent: This visa will support Australia’s ambition to attract high-quality talent, particularly in high-demand fields such as technology, research, business, and other innovative sectors.
• •
• Simplified Process: With the repeal of endorsement requirements and a more transparent application procedure, the National Innovation Visa is set to streamline the immigration process for highly skilled professionals.

What You Need to Do Now

If you're considering applying for the National Innovation Visa (Subclass 858) post-6 December 2024, ensure that you are invited by the Minister and that your application aligns with the details mentioned in the invitation. Meeting the strict requirements regarding your exceptional achievements is crucial for success. ?.

Additionally, make sure to submit your application through the correct channels, using Form 47NI, and within the specified timeframe mentioned in the invitation.

Conclusion

The National Innovation Visa is a promising new opportunity for professionals, researchers, and entrepreneurs seeking to make a lasting impact on Australia's economy and innovation landscape. If you are planning to apply or need assistance navigating these changes, Bansal Lawyers is here to provide expert legal advice and support throughout the process. Our team of experienced migration lawyers can help ensure that your application meets all the necessary criteria, giving you the best chance of success.

Stay informed about the changes and reach out to Bansal Lawyers for personalized guidance on your National Innovation Visa application.