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How To Migrate To Australia As An Accountant In 2023

This blog post on how to migrate to Australia as an accountant is the best option for you if you are looking to make a good living and work in Australia. This article will provide you with all the information you need to move to Australia. You will also learn about visa requirements, assessing authorities, and the ANZSCO code that governs the profession of an accountant. This article will provide you with all the information you need to migrate to Australia to become an accountant.

Australia has a high demand for accountants

Before you mention the need for accounting, it is important to know which list accounting falls under. The skilled occupation falls under the MLTSSL (Medium and Long-term Strategic Skills List), ROL [Regional Occupation List], and STSOL (Short-Term Skilled Occupational List).

One thing that comes to mind when looking at the work of accounting is that it can be monotonous, so there may not be as much demand. According to the Australian government’s Job Outlook, it is actually the reverse. The number of job opportunities in accounting has increased threefold over the past decade compared to other occupations. It was also predicted that the number of accounting jobs will continue to grow in the future.

ANZSCO code for accountants’ occupational pathway to Australia

Each job has been classified by the Australian government in different occupation lists. It has also given them different ANZSCO codes and assessing authorities. Accounting is a broad field that can be performed by many people, so different ANZSCO codes are required for each one.

Each sector mentioned in the occupation or ANZSCO code has a different skill level. This skill level assessment is used to determine if an applicant is suitable for work in Australia. Before you move to Australia, it is important to determine if the applicant is able to work as an accountant in Australia.

These codes are used to guide accountants on the path to Australian migration.

General accountant with ANZSCO code 22111

Corporate Treasurer – 221212

External Auditor – 221213

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Finance Manager – 132211

Management Accountant – 221112

Taxation Accountant – 221113

There are many visa options available for the codes listed above.

 Accountant Means to Australian migration 

The DIAC then uses codes for different accounting professions. The code is required for all visa and citizenship programs in the country. When DIAC grants you the green signal, you can only access the accountants’ pathway for Australian migration. This means you are able to show DIAC that you have the required documents, skills, and knowledge to work in Australia. All of the documents above are checked by DIAC using one of the MLTSSL or ROL lists.

Assessment of authority for accountants migrating to Australia and the fees

The authorities responsible for conducting skills assessments are called assessors. The assessments are used to determine if you have the skills required to work in the accounting profession. They play an important part in the pathway of accountants to Australian migration.

Three assessing authorities are available for accounting. They will be your guide in the Australian migration pathway for accountants.

  • CAANZ (Chartered Accountant Australia & New Zeeland).
  • CPAA (Certified Practicing Accountant Australia).
  • IPA (Institute of Public Affairs).

These are the authorities that can conduct skill assessments for accounting.

For accountants, the following are some of the available migration options

  • Assessment of all skills.
  • Provisional assessment
  • Skills employment assessment.

These are the criteria used to assess the applicant.

Documentation:

To ensure that the process is completed, all documents must be in order.

Qualification comparability:

For processing the application, you must have an equivalent degree to an Australian bachelor. You must have a degree that meets the requirements of the Australian Department of Education, Skills, and Employment.

Education Knowledge

You must have a good understanding of the job you are going to do in order to pass this round. You should also have basic knowledge and the right degree.

Proficiency in the English language

Proficiency in English is essential. It is vital for accountants to migrate to Australia. It can be done by taking the IELTS exam.

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You will pay a different amount depending on your requirements.

The following are the costs for IPA services:

  • Fast Track Service – $660A$
  • Standard Service – AUD 555.00
  • Skilled Employment – 265A$
  • Upgrade to Standard GSM – AUD 140$
  • Upgrade GSM Fast Track – AUD 440$
  • Administration Fee – 90A$

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CAANZ services have the following charges:

Standard – AUD 555.00

Only for qualification (exclusive to migration agents) – AUD 650.00

Assessment combining qualification and skilled employment – AUD 600

Standard Skilled Employment – AUD250$

Skilled Employment (express), AUD350

The charges for the CPAA’s services are:

Skill Assessment – AUD490$

Update Application – AUD155$

Request an assessment using a new ANZSCO Code – AUD173$

Appeal and Assessment Results – AUD.155$

Apply for Withdrawal – AUD.73$

For accountants, there are several visa categories and subclasses available

You can pursue an Australian accountant job with a variety of visas. It would be a good idea to have a service provider for visas. They will guide you through each step and assist you in fulfilling all requirements for immigration. The six-occupation list covers the visa categories for accountants. An experienced hand can make it easy for accountants to migrate to Australia.

These visa categories are for Accountants (general), Taxation Accountants, External auditors, Management Accountants, and Management Accountants.

186 – Employer Nomination Scheme visa report

189 – Skilled Independent Points-Tested

190 – Skilled Nominated

407 – Training visa

485 – Temporary Graduate, Graduate Work

489 – Skilled Regional (Provisional Visa) – Family-sponsored

489 – Skilled Regional (Provisional Visa) – Nominated State or Territory

Report 482 – Temporary Skill Deficiency – Medium-Term Stream

187 – Regional Sponsor Migrant Scheme

494 – Skilled employer-sponsored regional (provisional). – Employer-sponsored stream

491 – Skilled Work Regional (provisional visa) Family-Sponsored

As an accountant migrant, your job role and tasks include

How To Migrate To Australia As An Accountant

Each occupation is assigned a specific role by the government of Australia. The basic requirements for accounting occupations are the same. It requires a minimum of 6-12 months of experience, a relevant degree, and a skill test based upon ANZSCO skill assessment levels 1. These are the roles that accountants should be familiar with to make Australian migration easier.

  • Assistance in the development of accounting and economic strategies
  • Preparing financial records to be used by boards of directors, executives, shareholders, and other governing and administrative entities. Assisting with financial inquiries, preparing reports, and administering audits.
  • It is important to examine both the running expenses and revenue of your organization.
  • Assisting with the preparation of financial statements and ensuring compliance with regulatory requirements.
  • Advice on corporate structures, plans, and procedures from both a tax and financial perspective.
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Expected salaries and job availability for accountants

Accounting can be done in many different ways. Here are some examples:

Accountant – Handley Surveys (Salary – AUD 70k$/year)

Accounting – University of Tasmania (Salary: AUD 65k$/year)

FAQS

Are Accountants in Demand In Australia?

She said that there is a high demand for accountants throughout Australia. Accounting professionals have 34% more job openings than they did last year. To make up for the shortfall, thousands of accountants are required each year.

What Accounting Degrees are required to get PR in Australia?

This occupation is growing in popularity due to the Australian immigration rules. As a Chartered Accountant, you can apply for Australia PR Visas under Subclass189 Visa, Skilled Independent visa or Subclass190 visa or Skilled Nominated visa, or the provisional Subclass489 visa.

What qualifications are required to become an accountant in Australia?

To become an accountant in Australia, you will need to have a Bachelor of Accounting, Master of Professional Accounting, or a Certified Practising Accounting (CPA) program. To apply for an Australian professional accounting body, you must have a bachelor’s degree in accounting.

Does Australia Accept ACCA?

The Association of Chartered Certified Accountants is a professional accounting body that is recognized in over 170 countries around the world. ACCA members who want to move to Australia will be happy to know that ACCA is recognized in Australia.

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