fbpx
Skip to main content
New Financial Assistance Hub

ABA welcomes increased migration cap from jobs summit

ABA welcomes increased migration cap from jobs summit

2 September 2022

An increase to the annual permanent migration cap by 35,000 to 195,000 announced today at the Jobs and Skills Summit has been welcomed by the Australian Banking Association (ABA).  

ABA Chief Executive Anna Bligh said an increased migration cap for this financial year, along with visa processing improvements and targeted skills and training programs and policies, were critical to ensuring there are enough workers to fill a range of vacancies at all levels.  

“This is a positive step to resolving the acute labour shortages we’re seeing in our economy. Australian banks are eager to support small and medium businesses held back from growing and expanding, this announcement goes some way to addressing the issue,” Ms Bligh said.  

“An increase in the permanent migration cap from 160,000 to 195,000 places should flow through to reducing the ongoing pressure some businesses are facing. It’s an example of a practical outcome to come out of the last two days.” 

“Australian banks and the business customers they serve also welcome the announcement that a backlog of 900,000 visa applications will also be cleared, with an additional $36 million committed to lift the surge staff capacity to 500 over the next nine months,” Ms Bligh said. 


Op-Ed: Jobs summit is just the start of rare chance for deep thinking


Latest news

1 / 3
New data shows further inroads in the war against scammers 
22 May 2024

The Australian Banking Association today welcomes the release of new data from the National Anti-Scam Centre (NASC) showing scam losses continue to fall.   The latest NASC quarterly report shows overall scam losses reported to Scamwatch in the 2024 March quarter were down by 10.8% compared to the previous quarter. Whilst losses reported to the Australian Financial Crimes Exchange… Read more »

Read more
Transcript
Anna Bligh interview on ABC Radio National Breakfast speaking about the banks’ response to the Federal Budget 
17 May 2024

16 May 2024 Patricia Karvelas    Before Tuesday’s federal budget, the big four banks were predicting interest rates to start falling before the end of the year. But in response to what they say is expansionary spending, including tax cuts and billions for renewable energy infrastructure, some economists are changing their tune. Treasurer Jim Chalmers has… Read more »

Read more
Transcript
Anna Bligh speaking to ABC Sydney Drive about financial abuse  
17 May 2024

13 May 2024 Richard Glover    Hundreds of people gathered in Forbes yesterday, Mother’s Day to walk in memory of young mother Molly Ticehurst allegedly killed by her former partner who was on bail. As you know at the time of the alleged incident 27 women have died as a result of domestic or family violence… Read more »

Read more