The start of the new financial year also marks the beginning of a number of changes to immigration laws in Australia, including updates to the Skilled Occupation List.
As of July 1, four occupations will be added to the list to replace four that are to be omitted - the list contains 192 jobs that are in demand.
The Skilled Occupation List is designed to illustrate which occupations are in demand throughout Australia and therefore eligible for independent and family sponsored skilled migration.
Skills Australia was responsible for developing the list for the Department of Immigration and Citizenship as part of ongoing reforms to the general skilled migration program that migration lawyers will be aware of.
Efforts have been made to ensure the list reflects the medium and long-term skills needs of the Australian economy, rather than short-term imbalances or shortages.
Furthermore, the list makes sure that no detriment is caused to domestic training and labour markets.
Featuring on the 2012-13 Skilled Occupation List are optometrists, metallurgists, production managers in the mining sector and computer network and systems engineers.
Unlike the previous document, bricklayers, chemists, wall and floor tilers and audiologists will no longer appear.
Skills Australia keeps an eye on the list on a yearly basis and is able to flag an occupation if it appears to be at risk of suffering oversupply - this may mean it is removed from future lists.
The new Skilled Occupation List will impact all new independent, unsponsored family sponsored skilled migration applications lodged on or after July 1.
Anyone who has put forward an application for a nominated occupation that has been removed from the Skilled Occupation List can still have their application processed.
Some applicants may be eligible for transitional arrangements.
Before any occupation is added to the Skilled Occupation List, it is assessed against four criteria.
The first of these is that the job must require significant formal education and training before it can be undertaken. Secondly, the skills people acquire need to be deployed for their intended uses.
Thirdly, if the shortage of a particular skill causes a significant cost to the economy or community then it can appear on the Skilled Occupation List.
Lastly, the quality of information on the position needs to be sufficient enough to enable evaluation of the first three criteria.
This is the third annual update of the list, after Skills Australia was tasked with providing an update every year to ensure it meets the needs of the Australian economy.