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Australia has said it would tighten visa rules for international students and low-skilled workers that could halve its migrant intake over the next two years as the government looks to overhaul what it said was a “broken” migration system.
Under the new policies, international students would need to secure higher ratings on English tests and there would be more scrutiny on a student’s second visa application that would prolong their stay.
The decision comes after net immigration was expected to have peaked at a record 510,000 in 2022-23. Official data showed it was forecast to fall to about a quarter of a million in 2024-25 and 2025-26, roughly in line with pre-Covid levels.
O’Neil said the increase in net overseas migration in 2022-23 was mostly driven by international students.
Shares of IDP Education, which provides placement and education services to international students, were down more than 3% in afternoon trade.
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