8 August 2019 

AUSTRALIAN INVESTMENT COUNCIL WELCOMES CONTINUATION OF THE GLOBAL TALENT SCHEME

SYDNEY: The Australian Investment Council has welcomed the government’s announcement today that the Global Talent – Employer Sponsored program will become permanent.

“This will provide certainty for Australia’s entrepreneurs and fastest growing companies needing to attract skilled professionals such as engineers, technology experts and scientists from overseas to boost their pool of talent and to grow their businesses,” said Australian Investment Council Chief Executive, Yasser El-Ansary.

“The strength of Australia’s economy will increasingly become more dependent on our ability to support the growth and expansion of our $30 billion unlisted business sector.

“Productivity gains and the creation of new employment opportunities will be driven by high-growth potential Australian businesses that can attract capital investment and strategic support from firms such as private capital funds,” Mr El-Ansary said.

“Today’s announcement is a significant milestone towards achieving this outcome. It is a positive step towards building long term investment in our innovation economy and will encourage greater capital investment into Australian businesses that have the potential to help create a more prosperous economy in years to come.”

-ends-