Australia's Changing Immigration Landscape in 2024

July 2024 Edition

What Business Owners Need to Know

lady in the airport

Australia is not only attractive for its relaxed lifestyle, stunning natural beauty, and proximity to exotic destinations, but it also provides a wealth of opportunities for entrepreneurial minds. However, 2024 has been a year of significant change for the Australian government, particularly within the immigration   department. Affected by rising prices, property scarcity, and a general increase in the cost of living, the Australian government has implemented several changes aimed at ensuring the wellbeing of its people while fostering national progress. In this article, we will explore these changes and their impact on business owners looking to settle in Australia.


The End of Business and Investor Visas

For many years, wealthy investors and experienced business owners have utilised the Business Innovation and Investment (BIIP) 188 visa to immigrate to Australia. The BIIP 188 visa included various streams, such as the business innovation stream with investment to operate a new or existing business, often requiring points testing and business experience. In contrast, the investor and significant investor streams required a minimum investment of A$2.5 million and $5 million respectively, but did not mandate points testing or business management experience. The business innovation stream targeted a broader range of business activities and smaller-scale investments, while the investor streams were aimed at high-net-worth individuals making significant financial contributions.


As of early 2024, the Australian government decided to discontinue this visa, citing long-standing concerns about their misuse. Investigations revealed that these schemes were yielding poor economic benefits and were being exploited by corrupt officials to launder money.


Australia’s Strategy: Skilled Visas

To mitigate the impact of discontinuing the BIIP 188 visa, the Australian government is increasing the issuance of Temporary Skill Shortage Visas (subclass 482), commonly known as TSS visas. According to the government, these visas are aimed at individuals capable of making outsized contributions to Australia.


Starting from 23 November 2024, the work experience requirement for the TSS visa will be reduced from two years to one year for all applicants. This strategic shift is intended to attract more skilled workers who are more likely to work their way up from entry-level positions to permanent residency, rather than allowing wealthy individuals to remain in the country for questionable purposes.


TSS visas are more challenging to obtain than the popular work and holiday visas (subclass 417 and 462), as they require applicants to be employed in a profession listed on the government’s annually reviewed skilled occupation list. While the status of work and holiday visas remains unchanged, further updates from the government are anticipated soon.


National Innovation Visa

In the recent federal budget announcement, a new National Innovation visa was introduced to replace the BIIP visa and the Global Talent (subclass 858) visa by late 2024. This visa is tailored for exceptionally skilled migrants who are expected to drive growth in critical sectors of national importance.


The National Innovation visa is anticipated to offer a pathway to permanent residency for high-performing entrepreneurs, global researchers, and significant investors. Although specific requirements have not been finalised, the application process is likely to be rigorous. Potential aspects may include thorough evaluations of applicants' potential contributions to Australia, provisions for monitoring and possible visa cancellation if conditions are not met, and an emphasis on non-financial criteria such as business acumen, connections to Australia, and a track record of innovation.


While details such as eligibility criteria and the exact application process remain undisclosed, there is speculation that the National Innovation visa could incorporate elements similar to those found in the current BIIP and Global Talent visas.


Conclusion

The changes in Australia’s immigration policies reflect the government’s efforts to address economic and social challenges while fostering a more inclusive and sustainable future. Business owners and investors looking to make Australia their new home will need to navigate these new regulations and explore alternative pathways to residency.


At CJM Lawyers, we understand the complexities of Australia's evolving immigration landscape and are here to provide professional guidance tailored to your business needs. Led by Jake Jeong, our seasoned immigration lawyer fluent in three languages, we are dedicated to in assisting business owners looking to relocate and thrive in Australia. Whether you are navigating skilled visa applications, exploring investment opportunities, or seeking clarity on recent policy changes, our team is dedicated to ensuring a smooth and successful transition for you and your business.


To discover more about immigrating to Australia, get in touch with the skilled registered migration lawyers at CJM Lawyers. Schedule a consultation today.


Disclaimer: This article is for general understanding and should not be used as a substitute for professional legal advice. Any reliance on the information is strictly at the user's risk, and there is no intention to create a lawyer-client relationship from this general communication.

Contact Us Now!

For comprehensive legal services, 
book now for your free initial consultation.

Contact Us

Book Now!

Property & Conveyancing Guarantor Advice Commercial & Business Wills and Estates Building Disputes
Employment Law Corporate & Commercial Litigation Regulatory Compliance
Immigration Litigation Insolvency & Bankruptcy

Contact Us Now!

For comprehensive legal services, 
book now for your free initial consultation.

Contact Us

Book Us Now!

Property & Conveyancing Guarantor Advice Commercial & Business Wills and Estates Building Disputes
Employment Law Corporate & Commercial Litigation Regulatory Compliance
Retail & commercial leasing, business transactions, company & trust sales, property development, guarantor advice

Our Latest Story

Employer-Sponsored Visas: A Strategic Pathway for Skilled Workers and Businesses

By Coco Zu • 15 April 2026
Thinking of employing a skilled worker, or working for someone with your skills, but do not currently hold a visa to work in Australia? An Employer-Sponsored Visa may help resolve this dilemma. The Employer-Sponsored Visa program allows Australian employers to nominate overseas workers for positions that cannot easily be filled by local employees. For many migrants, an employer-sponsored visa provides a pathway to long-term employment and, in some cases, permanent residency. However, navigating the requirements, obligations, and eligibility criteria of these visas can be complex for both employers and applicants. We are able to help you through the whole journey from sponsorship to visa application. The Employer-Sponsored Visa program includes three main visa subclasses: subclass 482, subclass 494, and subclass 186. Each visa subclass has different requirements in relation to the nominated occupation, employment location, the applicant’s work experience and English skills. Given the frequent updates to policies and requirements, navigating this visa pathway can become complex and overwhelming. If you are considering whether any of the visa subclasses are suitable for your circumstances, now is the time to seek the right guidance. Our experienced solicitors in our Immigration team are ready to assist you at every stage, from initial eligibility assessment through to application and compliance, ensuring a smooth, efficient process while minimising risk and stress. Book an initial consultation with Coco Zu to discuss your situation, explore your options, and settle on a strategic plan tailored to your needs. With the right legal support and guidance from the start, CJM Lawyers can make all the difference to your future in Australia. Contact our office on 1300 245 299 or email info@cjmlaw.com.au to get started now!

Debt Recovery Done Right: Why Legal Help Matters

By Amanda Dowers • 15 April 2026
Recovering unpaid debts is a critical concern for businesses and individuals alike. While some may attempt to recover debts independently, engaging a lawyer offers significant advantages that can enhance the likelihood of successful recovery and protect the creditor’s interests throughout the process. 1. Legal Knowledge and Strategic Guidance Lawyers possess a comprehensive understanding of debt recovery laws, including relevant statutes, regulations, and procedural requirements. They can assess the merits of a claim, advise on the most effective recovery strategies, and ensure compliance with all legal obligations, thereby reducing the risk of procedural errors that could jeopardize the claim. 2. Professional Communication and Negotiation A lawyer’s involvement often signals to the debtor the seriousness of the creditor’s intent to recover the debt. Lawyers are skilled negotiators who can engage with debtors professionally, increasing the likelihood of reaching a settlement without the need for litigation. Their ability to draft and send formal demand letters can prompt payment or constructive dialogue. 3. Efficient Litigation and Enforcement Should negotiation fail, lawyers are equipped to initiate legal proceedings efficiently. They can prepare and file court documents, represent the creditor in hearings, and pursue enforcement actions such as garnishments, charging orders, or asset seizures. Their familiarity with court processes ensures that the matter progresses without unnecessary delay. 4. Risk Mitigation and Compliance Debt recovery efforts must comply with laws and regulations. Lawyers can ensure that all actions taken are lawful, thereby minimising the risk of counterclaims or regulatory penalties. 5. Maximising Recovery and Cost Efficiency By leveraging legal tools such as statutory interest, costs recovery, and security interests, lawyers can maximise the amount recovered. Their ability to assess the debtor’s financial position and identify available assets further enhances the prospects of successful recovery. Conclusion Engaging a lawyer in the debt recovery process provides creditors with legal knowledge, strategic advantage, and procedural efficiency. This professional support not only increases the likelihood of recovering unpaid debts but also ensures that the creditor’s rights are protected throughout the process. Speak to a member of our Debt Recovery team today by contacting our office on 1300 245 299 or via email at info@cjmlaw.com.au . Our team are backed by years of experience to provide practical, commercially focused guidance tailored to your specific circumstances and we strive to achieve great outcomes. To recover what you’re owed with confidence, let CJM Lawyers provide you with the right legal knowledge and support today!

Enduring Power of Attorney Documents

By Klarissa Pantillano • 20 March 2026
When thinking of estate planning most people consider only the most important document, their Wills. But a document that is often overlooked is an Enduring Power of Attorney document (‘EPA’). Despite the importance of this document most individuals delay preparing this document until its too late. An EPA allows you to appoint a trusted person (a family member, friend, or professional (e.g. solicitor or accountant) to legally act on your behalf and make financial and or personal decisions when you are unable to do so yourself (if you lose the capacity) Without a valid EPA in place, your loved ones may face significant difficulties if something unexpected happens and you were suddenly unable to manage your finances or make important decisions. Your family and friends may need to undergo a time-consuming, costly and stressful process of applying through a tribunal or court to be formally appointed to act for you. This is not ideal especially during an already challenging time. Further an EPA ensures that the person chosen as your attorney to make decisions for you is someone you have personally chosen and trust. Just because you have an EPA does not mean you suddenly lose control of managing your own affairs. It simply means that you have planned ahead should your circumstances change with no notice. Whilst you have capacity any decision making for yourself remains your own. It is also important to note that each Australian jurisdiction has its own specific documents that encompasses an EPA. Seeking advice relevant to your location can ensure the correct documents are prepared for you.
Show More

Our Latest Story

Employer-Sponsored Visas: A Strategic Pathway for Skilled Workers and Businesses

By Coco Zu • 15 April 2026
Thinking of employing a skilled worker, or working for someone with your skills, but do not currently hold a visa to work in Australia? An Employer-Sponsored Visa may help resolve this dilemma. The Employer-Sponsored Visa program allows Australian employers to nominate overseas workers for positions that cannot easily be filled by local employees. For many migrants, an employer-sponsored visa provides a pathway to long-term employment and, in some cases, permanent residency. However, navigating the requirements, obligations, and eligibility criteria of these visas can be complex for both employers and applicants. We are able to help you through the whole journey from sponsorship to visa application. The Employer-Sponsored Visa program includes three main visa subclasses: subclass 482, subclass 494, and subclass 186. Each visa subclass has different requirements in relation to the nominated occupation, employment location, the applicant’s work experience and English skills. Given the frequent updates to policies and requirements, navigating this visa pathway can become complex and overwhelming. If you are considering whether any of the visa subclasses are suitable for your circumstances, now is the time to seek the right guidance. Our experienced solicitors in our Immigration team are ready to assist you at every stage, from initial eligibility assessment through to application and compliance, ensuring a smooth, efficient process while minimising risk and stress. Book an initial consultation with Coco Zu to discuss your situation, explore your options, and settle on a strategic plan tailored to your needs. With the right legal support and guidance from the start, CJM Lawyers can make all the difference to your future in Australia. Contact our office on 1300 245 299 or email info@cjmlaw.com.au to get started now!

Debt Recovery Done Right: Why Legal Help Matters

By Amanda Dowers • 15 April 2026
Recovering unpaid debts is a critical concern for businesses and individuals alike. While some may attempt to recover debts independently, engaging a lawyer offers significant advantages that can enhance the likelihood of successful recovery and protect the creditor’s interests throughout the process. 1. Legal Knowledge and Strategic Guidance Lawyers possess a comprehensive understanding of debt recovery laws, including relevant statutes, regulations, and procedural requirements. They can assess the merits of a claim, advise on the most effective recovery strategies, and ensure compliance with all legal obligations, thereby reducing the risk of procedural errors that could jeopardize the claim. 2. Professional Communication and Negotiation A lawyer’s involvement often signals to the debtor the seriousness of the creditor’s intent to recover the debt. Lawyers are skilled negotiators who can engage with debtors professionally, increasing the likelihood of reaching a settlement without the need for litigation. Their ability to draft and send formal demand letters can prompt payment or constructive dialogue. 3. Efficient Litigation and Enforcement Should negotiation fail, lawyers are equipped to initiate legal proceedings efficiently. They can prepare and file court documents, represent the creditor in hearings, and pursue enforcement actions such as garnishments, charging orders, or asset seizures. Their familiarity with court processes ensures that the matter progresses without unnecessary delay. 4. Risk Mitigation and Compliance Debt recovery efforts must comply with laws and regulations. Lawyers can ensure that all actions taken are lawful, thereby minimising the risk of counterclaims or regulatory penalties. 5. Maximising Recovery and Cost Efficiency By leveraging legal tools such as statutory interest, costs recovery, and security interests, lawyers can maximise the amount recovered. Their ability to assess the debtor’s financial position and identify available assets further enhances the prospects of successful recovery. Conclusion Engaging a lawyer in the debt recovery process provides creditors with legal knowledge, strategic advantage, and procedural efficiency. This professional support not only increases the likelihood of recovering unpaid debts but also ensures that the creditor’s rights are protected throughout the process. Speak to a member of our Debt Recovery team today by contacting our office on 1300 245 299 or via email at info@cjmlaw.com.au . Our team are backed by years of experience to provide practical, commercially focused guidance tailored to your specific circumstances and we strive to achieve great outcomes. To recover what you’re owed with confidence, let CJM Lawyers provide you with the right legal knowledge and support today!

Enduring Power of Attorney Documents

By Klarissa Pantillano • 20 March 2026
When thinking of estate planning most people consider only the most important document, their Wills. But a document that is often overlooked is an Enduring Power of Attorney document (‘EPA’). Despite the importance of this document most individuals delay preparing this document until its too late. An EPA allows you to appoint a trusted person (a family member, friend, or professional (e.g. solicitor or accountant) to legally act on your behalf and make financial and or personal decisions when you are unable to do so yourself (if you lose the capacity) Without a valid EPA in place, your loved ones may face significant difficulties if something unexpected happens and you were suddenly unable to manage your finances or make important decisions. Your family and friends may need to undergo a time-consuming, costly and stressful process of applying through a tribunal or court to be formally appointed to act for you. This is not ideal especially during an already challenging time. Further an EPA ensures that the person chosen as your attorney to make decisions for you is someone you have personally chosen and trust. Just because you have an EPA does not mean you suddenly lose control of managing your own affairs. It simply means that you have planned ahead should your circumstances change with no notice. Whilst you have capacity any decision making for yourself remains your own. It is also important to note that each Australian jurisdiction has its own specific documents that encompasses an EPA. Seeking advice relevant to your location can ensure the correct documents are prepared for you.
Show More

Our Latest Story

Employer-Sponsored Visas: A Strategic Pathway for Skilled Workers and Businesses

By Coco Zu • 15 April 2026
Thinking of employing a skilled worker, or working for someone with your skills, but do not currently hold a visa to work in Australia? An Employer-Sponsored Visa may help resolve this dilemma. The Employer-Sponsored Visa program allows Australian employers to nominate overseas workers for positions that cannot easily be filled by local employees. For many migrants, an employer-sponsored visa provides a pathway to long-term employment and, in some cases, permanent residency. However, navigating the requirements, obligations, and eligibility criteria of these visas can be complex for both employers and applicants. We are able to help you through the whole journey from sponsorship to visa application. The Employer-Sponsored Visa program includes three main visa subclasses: subclass 482, subclass 494, and subclass 186. Each visa subclass has different requirements in relation to the nominated occupation, employment location, the applicant’s work experience and English skills. Given the frequent updates to policies and requirements, navigating this visa pathway can become complex and overwhelming. If you are considering whether any of the visa subclasses are suitable for your circumstances, now is the time to seek the right guidance. Our experienced solicitors in our Immigration team are ready to assist you at every stage, from initial eligibility assessment through to application and compliance, ensuring a smooth, efficient process while minimising risk and stress. Book an initial consultation with Coco Zu to discuss your situation, explore your options, and settle on a strategic plan tailored to your needs. With the right legal support and guidance from the start, CJM Lawyers can make all the difference to your future in Australia. Contact our office on 1300 245 299 or email info@cjmlaw.com.au to get started now!

Debt Recovery Done Right: Why Legal Help Matters

By Amanda Dowers • 15 April 2026
Recovering unpaid debts is a critical concern for businesses and individuals alike. While some may attempt to recover debts independently, engaging a lawyer offers significant advantages that can enhance the likelihood of successful recovery and protect the creditor’s interests throughout the process. 1. Legal Knowledge and Strategic Guidance Lawyers possess a comprehensive understanding of debt recovery laws, including relevant statutes, regulations, and procedural requirements. They can assess the merits of a claim, advise on the most effective recovery strategies, and ensure compliance with all legal obligations, thereby reducing the risk of procedural errors that could jeopardize the claim. 2. Professional Communication and Negotiation A lawyer’s involvement often signals to the debtor the seriousness of the creditor’s intent to recover the debt. Lawyers are skilled negotiators who can engage with debtors professionally, increasing the likelihood of reaching a settlement without the need for litigation. Their ability to draft and send formal demand letters can prompt payment or constructive dialogue. 3. Efficient Litigation and Enforcement Should negotiation fail, lawyers are equipped to initiate legal proceedings efficiently. They can prepare and file court documents, represent the creditor in hearings, and pursue enforcement actions such as garnishments, charging orders, or asset seizures. Their familiarity with court processes ensures that the matter progresses without unnecessary delay. 4. Risk Mitigation and Compliance Debt recovery efforts must comply with laws and regulations. Lawyers can ensure that all actions taken are lawful, thereby minimising the risk of counterclaims or regulatory penalties. 5. Maximising Recovery and Cost Efficiency By leveraging legal tools such as statutory interest, costs recovery, and security interests, lawyers can maximise the amount recovered. Their ability to assess the debtor’s financial position and identify available assets further enhances the prospects of successful recovery. Conclusion Engaging a lawyer in the debt recovery process provides creditors with legal knowledge, strategic advantage, and procedural efficiency. This professional support not only increases the likelihood of recovering unpaid debts but also ensures that the creditor’s rights are protected throughout the process. Speak to a member of our Debt Recovery team today by contacting our office on 1300 245 299 or via email at info@cjmlaw.com.au . Our team are backed by years of experience to provide practical, commercially focused guidance tailored to your specific circumstances and we strive to achieve great outcomes. To recover what you’re owed with confidence, let CJM Lawyers provide you with the right legal knowledge and support today!

Enduring Power of Attorney Documents

By Klarissa Pantillano • 20 March 2026
When thinking of estate planning most people consider only the most important document, their Wills. But a document that is often overlooked is an Enduring Power of Attorney document (‘EPA’). Despite the importance of this document most individuals delay preparing this document until its too late. An EPA allows you to appoint a trusted person (a family member, friend, or professional (e.g. solicitor or accountant) to legally act on your behalf and make financial and or personal decisions when you are unable to do so yourself (if you lose the capacity) Without a valid EPA in place, your loved ones may face significant difficulties if something unexpected happens and you were suddenly unable to manage your finances or make important decisions. Your family and friends may need to undergo a time-consuming, costly and stressful process of applying through a tribunal or court to be formally appointed to act for you. This is not ideal especially during an already challenging time. Further an EPA ensures that the person chosen as your attorney to make decisions for you is someone you have personally chosen and trust. Just because you have an EPA does not mean you suddenly lose control of managing your own affairs. It simply means that you have planned ahead should your circumstances change with no notice. Whilst you have capacity any decision making for yourself remains your own. It is also important to note that each Australian jurisdiction has its own specific documents that encompasses an EPA. Seeking advice relevant to your location can ensure the correct documents are prepared for you.
Show More

Our Client Say

Our Client Say

Our Client Say