The Government continues to focus on our skills based migration system with a new scheme called the Global Talent Initiative.
The Government is investing $12.9 million in the Initiative which will strengthen Australia's ability to compete for the best and brightest skilled migrants from across the globe.
Internationally, there is intense competition for global talent. Australia needs to be at the forefront in attracting the best and the brightest to help grow a stronger economy and a more prosperous Australia.
Through the Global Talent Initiative, the Department of Home Affairs will be tasked with identifying and recruiting the brightest minds from around the world through active targeting and promotion in Australia and overseas.
Minister for Immigration, Citizenship and Multicultural Affairs David Coleman said Australia needs to compete for and attract skilled migrants with entrepreneurial ideas and cutting-edge skills who can contribute to the Australian economy.
"Thanks to Australia's safety, economic stability and wealth of opportunity we already have a strong reputation for attracting high calibre migrants," Mr Coleman said.
"The Global Talent Initiative will allow us to continue to proactively attract the top talent we need."
"Five thousand places will be set aside each year under the Global Talent Initiative. These will be available for truly exceptional people and their families to migrate to Australia.
"Only the best will be invited to apply, but they must also embrace our values as an open and tolerant country. We're looking for people who can drive innovation, local job creation and uphold Australia's values".
The Government will work in partnership with business and industry sectors, State and Territory Governments and a range of Commonwealth agencies to identify top talent and promote Australia to skilled individuals in key overseas locations.
The initiative builds on the existing Global Talent Scheme and Supporting Innovation in South Australia pilots.
The initiative will commence in 2019.
Further information about the Global Talent Initiative will be updated on the Department of Home Affairs website in due course.