Increasing refugee intake could boost the Australian economy by billions

Australia Economy

As per an Oxfam Australia report, increasing refugee intake by 44,000 by 2023 could boost the Australian economy by $37.7 billion in the next 50 years. 

Australia’s current refugee intake is 18,750. Increasing the same could help sustain 35,000 jobs annually. It could also increase the demand for services and goods by $18.2 billion. 

The Oxfam report called the Federal Govt. to increase the humanitarian intake. It also called for a separate visa stream for 10,000 refugee family reunifications per year. 

Lyn Morgain, Chief Exec. of Oxfam Australia, says that Australians believe that families who have gone through terrible hardships should not be separated. 

The 44,000 number represents an equal share of the current number of refugees who are seeking asylum across the world. 

As per Morgain, most of the refugees are being settled by low-income countries like Bangladesh, Uganda and Turkey. Less than 70% of the refugees were settled successfully in 2018. The Australian community should step up as the number of displaced people increases in the world. 

The report also said that the economic benefits of increasing refugee intake would increase with time. Once these refugees settle down, complete their education and training and start work, they could play an important role in meeting labour needs. 

The Oxfam report underlined many hurdles to the refugee family reunification process. The demand is far higher than the number of visa places available. The current ratio is just 7:1. 

Another hurdle is that the definition of a “nuclear family” by the Dept. of Home Affairs does not match the definition by the UNHCR. Also, the reunification process is expensive, has a complicated application process and requires stringent documents for evidence. At times, the documents required by Australia are not available in a refugee’s country of origin, as quoted by The Guardian. 

Australia also has a blanket restriction on refugees who seek asylum by boat. 

Morgain further added that Oxfam is calling for a separate process for family reunification. The process should help the refugees get on with their lives in Australia. 

Y-Axis offers a wide range of visa services and products for aspiring overseas immigrants including Australia General Skilled Migration Program via RMAAustralia Skilled Regional VisaAustralia Temporary Skilled Work Visa, and Australia Temporary Graduate Visa Subclass 485. We work with Registered Migration Agents in Australia. 

If you are looking to Visit, Study, Work, Invest or Migrate to Australia, talk to Y-Axis, the World’s No.1 Immigration & Visa Consultant. 

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Anshul Singhal

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