Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

Australia tightens student visa rules as migration hits record high

by March 21, 2024
March 21, 2024
Australia tightens student visa rules as migration hits record high

SYDNEY — Australia will begin enforcing tougher visa rules for foreign students this week as official data showed migration hit another record high, which is likely to further exacerbate an already tight rental market.

From Saturday, English language requirements for student and graduate visas will be increased, while the government will get the power to suspend education providers from recruiting international students if they repeatedly break rules.

“The actions this weekend will continue to drive migration levels down while delivering on our commitments in the migration strategy to fix the broken system we inherited,” Home Affairs Minister Clare O’Neil said in a statement.

A new “genuine student test” will be introduced to further crack down on international students who look to come to Australia primarily to work, while the imposition of “no further stay” conditions will be used on more visitor visas.

The moves follow a raft of actions last year to close off COVID-era concessions introduced by the former government, including unrestricted working hours for international students. The government at the time said rules would be tightened for students that could halve its migrant intake over two years.

Australia boosted its annual migration numbers in 2022 to help businesses recruit staff to fill shortages after the COVID-19 pandemic brought strict border controls, and kept foreign students and workers out for nearly two years.

But the sudden influx of foreign workers and students has exacerbated pressure on an already tight rental market.

Date released by the Australian Bureau of Statistics on Thursday showed net immigration rose 60% to a record 548,800 in the year to Sept. 30, 2023, higher than the 518,000 people in the year ending June 2023.

Overall, Australia’s population rose 2.5% — the fastest pace on record — to 26.8 million people in the year to last September.

The record migration — driven by students from India, China and Philippines — has expanded labor supply and restrained wage pressures, but it exacerbated an already tight housing market where rental vacancies hovered at record lows and elevated construction costs restricted new supply.

Ms. O’Neil said the government’s actions since September have led to a decline in migration levels, with recent international student visa grants down by 35% on the previous year. — Reuters

previous post
Global fertility rates set to fall, shifting burden to poorer nations
next post
Vietnam legislature approves resignation of president

Related Posts

Japan’s Space One Kairos rocket explodes on inaugural...

March 13, 2024

Citing safety risk, Taiwan recommends president does not...

March 21, 2024

Australia to recommend minimum wage rise in line...

March 25, 2024

TikTok CEO expects to defeat US restrictions: ‘We...

April 25, 2024

Fitch downgrades outlook on China to negative

April 10, 2024

Opposition win in South Korea election to deepen...

April 11, 2024

US to award Samsung up to $6.6 billion...

April 9, 2024

Jury selection under way in historic Trump criminal...

April 16, 2024

HSBC cost conundrum intensifies investor bank scrutiny

February 22, 2024

HK population rises to 7.5 million in 2nd...

February 21, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Trump targets massive investments in first Middle East trip

      May 13, 2025
    • Monica Crowley clears Senate confirmation for key State Department ambassadorship

      May 13, 2025
    • Trump official targeted in Biden-era ‘disinformation’ dossier still under wraps days after Rubio revelation

      May 12, 2025
    • No millionaire tax hike in Trump’s ‘big, beautiful bill’

      May 12, 2025
    • Senior House Republican eviscerates Dems for ‘fear campaign’ against Trump’s ‘big, beautiful bill’

      May 12, 2025
    • Senate parliamentarian: Who is the unelected official getting say on Trump’s ‘big, beautiful bill?’

      May 12, 2025

    Categories

    • Business (1,200)
    • Politics (5,497)
    • Stocks (904)
    • World News (454)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved