How much does an overseas education pay?
The Australian Government is reviewing whether or not to extend the visa-free period for students who wish to study in Australia.
The government announced earlier this month that it will review whether or when it will extend the free tertiary education regime from September 2018.
There are currently a total of 5.9 million people on the 457 visa, and the government expects that number to grow to 6.9 for the 2019/2020 financial year.
Many people on 457 visas are on the student visa, which is normally a temporary visa for students.
However, the 457 Visa Scheme is an annual agreement between the Government and the 457 scheme participants, so the Government does not have the option of waiving the student visas, as it does for some visa holders.
If it does extend the 457 visas, the Government could make a change to the scheme to allow students to stay on for more than three years if they want to study overseas, or if they are currently on student visas.
It is understood that the Government is still reviewing the feasibility of extending the visa free period, but the Government has already made a commitment to extend it for up to a year from September 2020.
With the economy already suffering from low growth, the increase in 457 visa holders could have a significant impact on the local economy, and many businesses will be impacted by the new restrictions.
One business owner in the South West who was on a 457 visa said she would be affected by the restrictions.
“It’s not a good time to be in business, we don’t have any workers, it’s not easy,” she said.
“I’ve been here for almost 20 years and I’ve got four children, and it’s a good place to be but they’re going to make me think twice about coming here and opening my shop.”
If the Government did extend the student free period for the duration of the review, many of the 457 holders who are currently in Australia would not be able to stay in Australia to work.
For more information on the visa review, visit: http://www.agriculture.gov.au/agricultural-and-farming-consultation/agri-investment-and/students-vacancies/student-visa-review