On the 9th of May 2023, Treasurer Jim Chalmers unveiled the Federal 2023-2024 Budget, which includes significant changes that will affect visa applicants. These changes are set to take effect from the 1st of July 2023 and it is crucial to understand their implications.
One of the key changes revolves around the Visa Application Charges (VACs) implemented by the Department of Home Affairs. The fees for various visa subclasses will see an increase ranging from 6% to 40%. This means that the cost of applying for a visa will be higher for many individuals and families seeking to migrate to Australia.
There are a few reasons behind this decision. Firstly, the government aims to enhance the capacity of the visa processing system by hiring additional processing officers. This will help expedite the processing times and ensure a more efficient and timely visa application process. Secondly, a budget allocation of $27.8 million has been assigned over a two-year period, starting from 2023-2024, to improve the visa ICT systems. These improvements are intended to streamline the processes and deliver better services to applicants.
However, the increase in visa application fees may present challenges for potential applicants. It may be more difficult for some individuals to meet the financial requirements associated with the higher fees, potentially hindering their plans to pursue education, employment, or personal goals in Australia.
To provide a concrete example, let’s consider the current fee for a Partner visa (subclass 820/801 or subclass 309/100), which stands at AUD 8,085. After the 1st of July 2023, this fee will rise to AUD 8,570.10. This increase is significant and can have a considerable impact on individuals and families planning to reunite with their partners in Australia.
Moreover, it is important to note that the Business Innovation and Investment visa will experience the highest increase of 40%. This means that entrepreneurs and investors looking to establish or expand their businesses in Australia will face considerably higher costs.
Considering these impending changes, we strongly advise eligible visa applicants to submit their applications as soon as possible to secure the current fees. By acting promptly, you can potentially save a substantial amount of money and avoid the higher costs associated with the fee increases.
We are always here to guide you through the visa application process, provide you with the most up-to-date information, and assist you in maximizing your chances of success. Feel free to reach out to us if you have any questions or require professional support in navigating these changes effectively.