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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | April 2017
On 18 April 2017 Prime Minister Malcolm Turnbull announced that the 457 visa will be abolished and replaced with a new Temporary Skill Shortage (TSS) visa to better address genuine skill shortages and protect the Australian local labour force. The implementation of these reforms will begin immediately and will be completed in March 2018.
Minister for Immigration and Border Protection, Peter Dutton stated the ‘457 visa arrangements will be "grandfathered".
As part of the Government’s significant reform package to strengthen the integrity and quality of Australia’s temporary and permanent employer sponsored skilled migration programmes, the TSS visa will be comprised of a Short-Term stream of up to two years and a Medium-Term stream of up to four years.
Proposed fees are $1,150 for the short-term visa and $2,400 for the medium-term visa (which is an increase on the current 457 visa fees).
Key reforms, as confirmed by the Department of Immigration and Border Protection (DIBP) include:
Introducing the TSS visa with added requirements, including but not limited to:
Tightening eligibility requirements for employer sponsored permanent skilled visas, including but not limited to:
Concessions for regional Australia will continue to be available:
From 19 April 2017, the list of occupations will be significantly condensed for skilled migration visas, including the subclass 457 visa.
For a summary of the additional changes and implications for employers click here.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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