This proposal would introduce a new SMART visa for world‐leaders in science, medicine, academia, research and technology to ensure that universities, research institutes, medical, scientific and advanced technology industries, and public research agencies can bring the best and brightest talent to Australia.

The new visa would be uncapped and cover jobs that are not on the skilled occupation list.  A list of jobs eligible for the proposed SMART visa, along with their Australian and New Zealand Standard Classification of Occupations (ANZSCO) codes, is included at Attachment A.

The proposed SMART visa would be subject to the Temporary Skilled Migration Income Threshold (TSMIT) and the same visa application charge as the Temporary Skill Shortage (subclass 482) visa.

Employers of holders of the proposed SMART visa would be exempt from the Skilling Australians Fund Levy if their annual turnovers are under $10 million whereas those with annual turnovers of $10 million and over would be charged 6 per cent of the TSMIT per visa per year.

The proposal would commence from 1 July 2019.