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Tax Rules to Change for Working Holiday Makers

Working Holiday Visa Tax Changes

Working Holiday Visa Tax Residency Rules to Change 2016In the 2015–16 Budget the Government announced that it will change the tax residency rules of temporary working holiday makers from that of resident, to that of non-resident, from 1 July 2016.
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Terminating an employee on a 457 visa – a guide for employers

Employers obligations when terminating a 457 visa employeeThe 457 visa program offers employers a great deal of benefits such as the ability to access top talent from around the world, to create competitive advantage through hiring people with skills that can’t be found locally, as well as increase diversity in the workplace.

For the sponsored employee a 457 sponsorship promises strong pay and work conditions, quality work experience and high living standards for the employee and his or her family.
Parties go into a sponsorship relationship assuming the placement will go well. Sometimes, however, despite the best of intentions, the relationship does not work out as planned.
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Increase in the number of applications for 457 skilled work visas

457 skilled work visa The number of applications for 457 skilled work visas has increased by 15% in a year; with Indian, British, and Chinese workers in particular queuing up to work in Australia, reports theaustralian.com.au.

Australia’s Immigration Department has approved work visas for thousands of engineers and nurses in the past year, despite the Employment Department cancelling their “skills shortage’’ status.

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Demand for 457 visas falls

Temporary Work Visa  subclass 457

Temporary Work skilled visa 457 dropsDrop in 457 visas

Rising unemployment has dampened demand for migrant workers, with 40% fewer foreigners seeking work visas in Australia the last financial year.

 

  • Number of foreigners applying for a 4 year work visa fell below 50,000 during 2013-2014
  • Number of foreign tradies looking for work halved to 12,000
  • Thousands of migrant workers flocked back to their home countries during the year, triggering the cancellation of nearly 29,000 work visas.
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