New Subclass 494 Visa to Replace Subclass 187 RSMS Visa in November 2019
On 16th November 2019, the Regional Sponsored Migration Scheme (Subclass 187) or more commonly known as the RSMS 187 visa will be discontinued and will be replaced by Skilled Employer-Sponsored Regional (Provisional) visa (Subclass 494).
Skilled migrants will no longer be able to apply directly for Permanent Residency under the new Subclass 494 visa as they did earlier with the Subclass 187 visa. Instead, they will need to meet the following criteria to apply for Permanent residency:
- Live and work in a designated regional area for 3 years
- Can only be unemployed for no more than 90 days without finding new eligible employment
- Must have earned a minimum taxable income (Yet to be announced) for the duration of the 3 years.
Meeting the above criteria will allow skilled migrants to apply for the PR under the new Permanent Residence (Skilled Regional) visa (Subclass 191). There will be criteria for the Subclass 494 visa is as follows:
- Age under 45 years at the time of application
- Obtain a valid skills assessment
- Hold a Competent English examination at the time of application
- Hold a job offer from sponsoring company for a minimum duration of 5 years
- Have at least three years’ full-time relevant work experience in the nominated occupation or a related field, at the same level of skill.
The Subclass 494 introduces a new incarnation of visa that mirrors the recently established Subclass 482 visa. In essence, the Subclass 494 visa can be viewed as the regional version of the Subclass 482 visa.