Turnbull: Current 457 visas still able for permanent residency

Mr Turnbull said the four-year visa system, which permits highly skilled migrants to apply for permanent residency at its conclusion, would be replaced in a bid to protect Australian jobs.
The 95,000 skilled migrants currently in Australia on 457 visas would be unaffected and still be able for permanent residency at the end of the four years.
“We will no longer allow 457 visas to be passports to jobs that could and should go to Australians,” Mr Turnbull said.
Unlike the current visa arrangement, the replacement — a two year temporary visa specifically designed to recruit the “best and the brightest” in the national interest — will not allow permanent residency at its conclusion.
However, Immigration Minister Peter Dutton said the 95,000 people already in the country on a 457 work permit would be unaffected by the change and permitted to apply for residency.
“They will continue under the conditions of that visa,” Mr Dutton said.

http://www.news.com.au/finance/work/what-you-need-to-know-about-the-457-visa-changes/news-story/3894724396a5c7f99491c961ae9b8088

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