This GTS has two streams, one for established businesses and the other for start-ups, all with a view to filling highly specialised positions within the tech industry. Established businesses must have an annual turnover of $4 million to qualify and can apply for up to twenty visas per year. Start-up businesses are limited to five visas per year.
The GTS targets the science, mathematics, technology and engineering industries and specifically highly skilled individuals employed on a salary of no less than $180,000 annually for established businesses and $53,900 for start-ups.
Visas approved under the GTS offer a transitional pathway to permanent residence after three years and companies such as Rio Tinto and Coles are already utilising.