Saturday, April 28, 2012

Everything You Need To Know About a 457 Visa

By Martin Donaldson


They can apply for the Temporary - Standard Business Sponsorship for Employer Sponsored Workers (Subclass 457) and Long Stay Temporary Business 457 visa. There are new sponsorship obligations that employers need to know about. Employers must pay market salary rates to their overseas workers. This only applies to Subclass 457 VISA holders. This is the program where employers can sponsor or become a guarantor to an overseas worker who will be working in Australia temporarily. The visa will be processed by the employer so that the worker can legally work in the country. Qualified employees who have Australian Businesses or Overseas businesses can acquire the Visa.

Who can apply for a Visa?

Workers from foreign countries that have specific skills for a job opportunity in Australia may apply for this Visa. The employer that is willing to hire your expertise will sponsor your Visa.

All of the fees and charges which are indicated below are listed in Australian currency. If you reside outside of the country, you can still make a payment using the currency of other countries. However, the Embassy or Australian higher Commission is where the application will be submitted and processed to approve the payment.

All of the fees and charges which are indicated below are listed in Australian currency. If you reside outside of the country, you can still make a payment using the currency of other countries. However, the Embassy or Australian higher Commission is where the application will be submitted and processed to approve the payment.

There is a booklet that can help you learn more about the "Temporary - Standard Business Sponsorship for Employer Sponsored Workers (Subclass 457)" and "Long Stay Temporary Business Visa 457". The booklet also has information about bringing your fianc or spouse to Australia with you on your business Visa. What are the requirements for a business to be approved for a Visa sponsorship?

How does the Visa work?

What are the costs of the Visa?

All of the fees and charges which are indicated below are listed in Australian currency. If you reside outside of the country, you can still make a payment using the currency of other countries. However, the Embassy or Australian higher Commission is where the application will be submitted and processed to approve the payment.

If the employee wishes to continue their employment after 4 years, then the employee will need to apply for new Visa. Once the VISA has been approved, employees can go back and forth to the country whenever they wish. They will be given a chance to bring along a secondary applicant who is eligible to work and study in Australia. The Visa allows businesses to hire skilled workers from overseas. The long stay business Visa also allows the employee to stay in the country for the maximum of 4 years while they are still employed by the company.

The employers in Regional Australia are no longer eligible or qualified to apply for the Temporary - Standard Business Sponsorship for Employer Sponsored Workers (Subclass 457) VISA program. They were not able to meet the minimum salary and skill level requirements.

If it is a new business, additional documents such as a lease agreement relating to business premises and a detailed business plan will be required. If the business is not in Australia, more documents will need to be submitted to show that the business is a non-discriminatory working place and prove that the business is employing . A business must complete the application form and send a payment for the exact amount. The business in Australia must be legal and it must be operational. What are the obligations for a Visa sponsorship?

cooperate with the inspectors until the sponsorship application has been approved; provide the terms and conditions of the employment; pay the travel expenses once the worker leaves Australia; pay the amount that it costs the Commonwealth to locate and remove unlawful non-citizen employees; have all the records and documents of the sponsorship; provide all information to the Immigration agency if any problems occur; ensure that the worker that is being sponsored will not work beyond the job position that is being approved; pay all recovery costs and not charge the worker for the costs; and agree to pay employees at market salary rates.

cooperate with the inspectors until the sponsorship application has been approved; provide the terms and conditions of the employment; pay the travel expenses once the worker leaves Australia; pay the amount that it costs the Commonwealth to locate and remove unlawful non-citizen employees; have all the records and documents of the sponsorship; provide all information to the Immigration agency if any problems occur; ensure that the worker that is being sponsored will not work beyond the job position that is being approved; pay all recovery costs and not charge the worker for the costs; and agree to pay employees at market salary rates.

notify the agency responsible for processing your application if there are any changes in circumstances, such as new employer or change of Visa type; only work for the employer or associated entity of the business that is sponsoring the visa; and provide information regarding health insurance before the Visa will be approved.

Can I get a home loan or mortgage while I am working in Australia?

Most home loans require a 20% deposit in order to qualify for a home loan. To qualify for a home loan, you must first contact a home loan expert in your area. They will be able to tell you if you are able to get a home loan and if you are eligible for the First Time Home Buyer's Grant.

Step 1 - Employers will apply for the sponsorship. Application process must be completed before employers can become eligible to hire workers overseas. Financial status and bank information may be investigated to process the sponsorship application. Step 2 - Employers will state the job position that is offered and send out an invitation letter to the employee. Step 3 - Employee will apply for a Visa to obtain a working permit while in Australia.

How do I apply for the Visa?

If you are a foreign resident in Australia currently working on a 457 visa, you may be eligible to apply for a home loan. It is a great idea to invest in property while you are in the country because you will probably quality for the same competitive rates that are offered to Australian citizens. There are many different names for loans for Visa holders including "long stay Visa home loan or mortgage", "457 business visa mortgage", "employer sponsored visa home loan", "Australian business visa mortgage", "home loan for foreign employees in Australia" and so on. Most home loans require a 20% deposit in order to qualify for a home loan. To qualify for a home loan, you must first contact a home loan expert in your area. They will be able to tell you if you are able to get a home loan and if you are eligible for the First Time Home Buyer's Grant.

Most importantly, if you are a temporary Australian resident you must apply for a purchase or loan approval at the Foreign Investment Review Board (FIRB). In some cases, you may not need approval for real estate purchases if you have been employed for over twelve months.

If your Visa is about to expire and you do not want to sell your property, you can apply for permanent residency if you have found a permanent employer. This is a common way that foreign workers can keep their property in Australia.




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