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A newly established permanent migration scheme for highly-skilled technologists will target seven “future-focused fields”, including cyber security, fintech and quantum computing, in a bid to maintain Australia’s competitiveness.

The ‘Global Talent Independent Program’ (GTIP), which was first flagged in June to attract the best talent from around the world, was launched by Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs David Coleman on Monday.

The program aims to lure up to 5000 high-income earners working “at the top of their field” to Australia between July 2019 and June 2020 with the offer of a “fast tracked process to permanent residency”.

The fields are AgTech, space and advanced manufacturing, fintech, energy and mining technology, medtech, cyber security, and quantum information/advanced digital/data science and ICT (Information and communications technology).

The Australian Financial Review has reported Coleman as saying this fast-tracked process would take “weeks, not months”.

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