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Foreign hires mostly safe in finance

19 April 2017 3:42PM
Investment bankers, investment managers and investment advisers are among a newly minted, and extra privileged, class - with these occupations, or the near relations, included on a purged list of "eligible skilled occupations" covered by a "temporary skill shortage visa", announced yesterday by the Australian government.Prime Minister Malcolm Turnbull announced, on Facebook, that his government was replacing the existing 457 visa scheme for skilled migrants to ensure that foreign workers were being recruited to fill genuine skills shortages. The announcement was accompanied by a list of 200 occupations that will not be on the replacement scheme, with only a handful of financial sector occupations being crossed off the list: Financial Institution Branch Manager, Insurance Investigator and Insurance Risk Surveyor.That leaves a raft of financial market dealing jobs still open to overseas recruits: commodities and futures traders, stockbroking and financial dealers and brokers, financial investment advisers and managers, along with insurance investigators, loss adjusters risk surveyors and agents.

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