A key benefit of holding Accredited Sponsorship status is the access to streamlined processing of Temporary Skilled (Work) Subclass 457 visas.
The changes effective 1 July 2016 will potentially enable more businesses to access this beneficial program which is good news for business, although it is important to understand all the criteria.
To qualify as an accredited sponsor, a standard business sponsor must satisfy all of the new criteria, as summarised below, with effect from 1 July 2016:
Existing accredited sponsors should review the new criteria to see whether they are eligible to meet the new requirements in order to access to the expanded streamlined processing. Companies that have not been able to meet the accredited sponsorship status in the past (most likely due to not meeting the requirement to have sponsored at least 30 visa holders in the preceding 12 month period) should review the new criteria to see whether they will meet this from 1 July 2016. Of course, there is still further detail to be released and we will continue to monitor this for our clients, however the above requirements will enable businesses to make a reasonable assessment of their ability to meet the new criteria.