Understanding the New Skills in Demand Visa (Subclass 482)

On 7 December 2024, the Australian Government introduced the Skills in Demand visa (subclass 482), replacing the Temporary Skill Shortage (TSS) visa. This change is part of a broader effort to modernise and simplify employer-sponsored visas, making it easier for businesses to address skills shortages.

Key Updates at a Glance

1. Streamlined Occupation Lists. The new visa structure introduces three clear streams:

• • Specialist Skills Stream: For highly skilled professionals earning at least $135,000 per year (excluding trades).
  • Core Skills Stream: Covers a broad range of skilled occupations, including trades.
  • Labour Agreement Stream: Maintains existing arrangements for employers who have negotiated a Labour Agreement with the government.

2. Reduced Work Experience Requirement Previously, applicants needed at least two years of experience to qualify. Now, that requirement has been cut to just one year, making it easier for early-career professionals to apply.

3. Faster Processing Times To support business needs, the government has committed to faster processing:

• • Specialist Skills Stream: 7 days
  • Core Skills Stream: 21 days

What This Means for Accountants

Accounting remains on the Medium and Long-Term Strategic Skills List (MLTSSL) under the Skills in Demand visa. However, there are some conditions:

• The employer must have at least five employees.
• The business must have an annual turnover of at least $1 million.
• Roles such as clerical, bookkeeping, or accounting clerk positions are not eligible.

A Pathway to Permanent Residency

For many professionals, the Skills in Demand visa can be a stepping stone to permanent residency. Accountants on the medium-term stream may have opportunities to transition to permanent residency, depending on their circumstances.

Next Steps

If you’re an accountant considering opportunities in Australia, understanding these changes can help you navigate your career options. If you have questions or need guidance on your next steps, speaking with an immigration specialist can help clarify your eligibility and opportunities.