International Student in Accountancy

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International Student in Accountancy


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Old 03-10-2010, 10:00 AM
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International Student in Accountancy

Hi Wanderer, presently completing Master's Degree in Accounting at an Australian University and under current rules would reach enough points to apply for PR. But the rules are about to change so the graduation in August means that aussie dream is about to end. We will know the exact info at the end of April when the new rules&SOL list will be published but already last week the draft SOL was issued (on Skills Australia on 5th March 2010 AFA document Appendix 3), which includes Accountant as a Profession but it must be 'CPA or equivalent'. Does that mean a full membership or do you reckon associate membership would be sufficient? Possibly not. This means that 3years experience is necessary to complete CPA/CA program. Quite a dramatic twist of circumstances. Having researched State Sponsorship, some have accountant on list but there again requirement of min. 3 years experience is needed. So no chances there. I have above average grades and IELTS of 8 but why would Australian employers invest in overseas graduates when at current the most viable option after student visa is the graduate visa 485 for only 18 months? I still cannot believe rules can be changed with immediate effect and the investment of money (AUD 40,000+), time (2years) and determination (at 1000%) was in vain. Any advice? As you can imagine being very negative and uncertain... Thanks Nick


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Old 03-10-2010, 12:42 PM
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Originally Posted by ozdream View Post
Hi Wanderer, presently completing Master's Degree in Accounting at an Australian University and under current rules would reach enough points to apply for PR. But the rules are about to change so the graduation in August means that aussie dream is about to end. We will know the exact info at the end of April when the new rules&SOL list will be published but already last week the draft SOL was issued (on Skills Australia on 5th March 2010 AFA document Appendix 3), which includes Accountant as a Profession but it must be 'CPA or equivalent'. Does that mean a full membership or do you reckon associate membership would be sufficient? Possibly not. This means that 3years experience is necessary to complete CPA/CA program. Quite a dramatic twist of circumstances. Having researched State Sponsorship, some have accountant on list but there again requirement of min. 3 years experience is needed. So no chances there. I have above average grades and IELTS of 8 but why would Australian employers invest in overseas graduates when at current the most viable option after student visa is the graduate visa 485 for only 18 months? I still cannot believe rules can be changed with immediate effect and the investment of money (AUD 40,000+), time (2years) and determination (at 1000%) was in vain. Any advice? As you can imagine being very negative and uncertain... Thanks Nick
The Immi regs have already changed with some further development to occur prior to implementation as you would be aware from your double post [ the other deleted ], SA being a group within DEEWR who Immi will use as a resource re new SOL, final outcome still decided on by Immi.

There are points provisions for specific experience and have in past been additional points available through MODL.
As far as accountants go, a three years of experience for CPA would be somewhat a replacement for MODL, that approach having problems with exponential growth of international students in some areas that were studying to use what you could say was an easy road loophole to applying for PR.
It was a mess that needed to be cleaned up.

There have been a number of reviews dating back to mid last year aimed at producing a more targeted demand driven system rather than an over supply system which had developed, and what is occurring now is an outworking of the reviews.

Changes are always going to effect some people because of timing but at the same time there has been clear statements on the Immi web site for many years in regard to separation of Visas for Studying and Visas for immigration, possible pathways between the two never having been ordained as the one highway that many have looked upon it as.

Meanwhile the 485 may provide the means for some people to get the eligibility they need to apply for a PR Visa and give them employment exposure at the same time.





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