Skills in Demand (SID) Visa: Exploring Streams, Key Features, Benefits, and Cost

Skills in Demand (SID) Visa: Exploring Streams, Key Features, Benefits, and Cost

Australia is reshaping its skilled migration framework with the introduction of the Skills in Demand (SID) visa (Subclass 482), which will replace the existing Temporary Skill Shortage (TSS) visa. Starting 7 December 2024, this visa aims to enhance opportunities for skilled professionals and streamline processes for employers. Here’s everything you need to know about this landmark change!

The Three Streams of the SID Visa

1️⃣ Core Skills Stream

• Available for applicants earning a minimum of $73,150 annually.
• Restricted to occupations listed on the newly introduced Core Skills Occupation List (CSOL).

2️⃣ Specialist Skills Stream

• This stream will help drive innovation and job creation.
• Designed for professionals earning over $135,000 annually.
• Open to most ANZSCO occupations, except those in trade, machinery operation, and labor categories.
• Offers a simplified pathway to address Australia’s need for highly skilled talent.

3️⃣ Labour Agreement Stream

• Continues the TSS visa’s provisions for employer-negotiated agreements.

Key Features and Benefits of the SID Visa

📌 Lower Work Experience Requirement:

Applicants now need just one year of work experience within the past five years, a reduction from the previous two-year standard.

📌 Enhanced Pathways to Permanent Residency:

SID visa holders in any stream can transition to permanent residency through the Employer Nomination Scheme (Subclass 186) visa.

📌 Greater Flexibility:

• SID visa holders have up to 180 days per break (and a total of 365 days) to find new employment or apply for alternative visas.
• Income thresholds and occupation requirements enable smoother transitions between employers.

📌 Annual Updates to Income Thresholds:

Specialist and core skills income thresholds will be indexed yearly, reflecting current economic trends.

Application Costs and Details

The SID visa fees align with the current TSS visa charges:

• Main applicant: $3,115
• Additional applicant (18+): $3,115
• Additional applicant (under 18): $780

Impact on Employers and Migrants

Employers can now hire global talent faster, while skilled professionals gain access to a streamlined visa process. With a focus on economic contributions and long-term settlement options, the SID visa paves the way for Australia’s future workforce.

Transition Period

For applications lodged before 7 December 2024, the TSS visa rules will still apply. Employers may choose to link approved TSS nominations to the new SID visa under certain conditions.

In a Nutshell:

The Skills in Demand visa marks a significant shift in Australia’s approach to skilled migration. By prioritizing flexibility, streamlined processes, and economic value, this visa creates new opportunities for both employers and skilled professionals.

Start your journey with confidence! Connect with our migration experts today to explore how the SID visa can help you achieve your goals in Australia.

Apply for the new Skills in Demand (SID) Visa:
Book a Free Evaluation Call with our Growth team now!

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News Source: Department of Home Affairs, Australia

December 9, 2024