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Business migrants creating jobs for Australians



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M e d i a R e l e a s e

The Hon. Philip Ruddock MR Parliament House, Canberra ACT 2600 Minister for Immigration and Multicultural Affairs Telephone: (02) 6277 7860 Facsimile: (02) 6273 4144

MRS 001/98

BUSINESS MIGRANTS CREATING JOBS FOR AUSTRALIANS

Business migrants have created thousands of jobs and developed substantial export opportunities in the past few years, the Minister for Immigration and Multicultural Affairs, Philip Ruddock, said today.

The Minister's comments follow the release of the latest survey of Business Skills migrants, which looks at their progress 24 and 36 months after arrival.

Mr Ruddock said the 700 migrants included in the survey were employing or had created jobs for more than 3,600 people, since arriving in Australia.

The survey shows that 74% of Business Skills migrants arriving in 1994-95 were in business 24 months after their arrival. Those who have established new businesses employ an average of 7.1 people, while some 60% of businesses are exporting.

"The Government has been determined to deliver a properly structured Migration Program, with an appropriate emphasis on migrants with the skills and capital to help the economy grow. This shows the importance of that policy," Mr Ruddock said.

The 36-month survey (1993-94 arrivals) shows that:

• 78% of Business Skills migrants were engaged in a business; • those who bought into existing businesses created an average of 7.4 additional jobs; • 23% of those in business sold import-replacing goods and services in Australia; • 62% of businesses were exporting; • 12% of those businesses exported more than $1 million annually; • 26% of businesses had an annual turnover of $1 million or more.

"Some 3,834 business people plus family members, have arrived under the Business Skills class since it was introduced in 1992, so their total contribution to Australia in human and financial capital has been substantial," Mr Ruddock said.

"It is expected that business migrants will continue to improve and strengthen their position in the market place over time, with great benefit to Australia as a nation."

The top four source countries for Business Skills migrants, accounting for 69% of arrivals, are: Hong Kong (29%), Indonesia (18%), Taiwan (16%) and South Africa ( 12%).

4 January 1998

MEDIA CONTACT: Steve Ingram (02) 6277 7860 0419 278 715