EMPLOYMENT NEWS

On-Hire Labour Agreement

Current 457 Visa Holders

1. Will the changes have an impact on current subclass 457 visa holders sponsored by on-hire companies?Current holders of Subclass 457 visas that were decided prior to 1 October 2007 are not affected by these changes. Their visa remains valid under SBS and the conditions of their visa remain in force until the visa expires. Similarly, the validity of visas held by secondary visa holders (ie dependent family of sponsored employees) are not affected. The validity of their visa will not be affected if their employer enters into a labour agreement whilst they are on a current Subclass 457 visa. If their (on-hire) employer wishes to re-sponsor them, then the company will need to seek access to a labour agreement.  read more... 

HBOS - New jobs in Australia

HBOS Australia has reaffirmed its commitment to almost tripling its presence in the country in spite of the likely short-term impact upon its bottom line.

This week, the overseas subdivision of the Scottish banking giant revealed that underlying pre-tax profits grew to AUS $368 million in the six months to June 2007, as opposed to AUS $316 million 12 months earlier, reports the Australian Associated Press. read more...