Australian PM Malcolm Turnbell has also announced to abolish Visa under Subclass 457. This visa is again work permit visa similar to H1B.
The 457 Visa is been mainly utilized by big multinational companies like Infosys, Wipro, TCS and Cognizant etc. to shift their employees from their Indian offices to Australian offices. The main objective of this used to be to recruit skilled employees from Indian market and utilize their skills in Australian Market; also second objective could be to save on cost. After this abolition, they have to explore Australian labour market to recruit skilled employees in their Australian branches and this is going to be heavy on their pockets. For more information please visit https://www.visa4you.co.in