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Your Budget 2017-18

Filter information on Budget 2017-18 by selecting the topics you're interested in.

Budget overview

This Budget is the next stage in the Government's economic plan, building on commitments from the 2016-17 Budget and the 2016 election.

Australian jobs, Australian skills

Focusing on jobs and skills training

The Government is taking action to safeguard Australian jobs and ensure Australians have the necessary training and skills to be job-ready.

The subclass 457 visa will be abolished. In its place, the Government will introduce a new temporary skill shortage visa which will have tighter conditions and stricter safeguards.

This will ensure that foreign workers are only brought into Australia to meet genuine skill shortages.

Requirements have been strengthened for English language attainment, work experience, visa renewals, eligibility for permanent residency, and criminal history checks.

Businesses that benefit from employing foreign workers on the new temporary skill shortage visa, as well as certain permanent skilled visas, will be required to contribute to the new Skilling Australians Fund.

Through the Skilling Australians Fund, the Government will provide ongoing funding to support the training of Australians. An estimated $1.5 billion will be provided to State and Territory governments over the first four years.

Spending from the Fund will be prioritised towards apprenticeships and traineeships. When matched with State and Territory funding, the Skilling Australians Fund will support up to 300,000 apprentices, trainees, pre-apprentices and higher level skilled Australians.

Priority will be given to occupations in high demand that currently rely heavily on skilled migration, future growth industries and rural and regional areas.