Omari Gates
Indian Chartered Accountants (CA) seeking to migrate to Australia for better career opportunities and quality of life often face the challenge of understanding the recognition of their qualifications in Australia. To address this, Indian CAs can explore migration pathways, such as obtaining a student visa or a Permanent Resident (PR) visa, along with meeting specific requirements, including qualification assessments and work experience validations. The recognition of Indian CA qualifications in Australia is a pertinent topic for aspiring Indian accounting professionals considering a move to the country.
| Characteristics | Values |
|---|---|
| Indian CA Recognition in Australia | Yes |
| Migration Options | 1) Migrate to Australia on a student visa. 2) Migrate to Australia on a Permanent Resident (PR) Visa (189) |
| Student Visa Fees | AUD 20,000 – AUD 50,000 per annum, excluding visa fees |
| PR Visa Benefits | Eligible for Government benefits such as Medicare and unemployment benefits |
| PR Visa Process Time | Up to 12-18 months |
| PR Visa Cost | INR 300,000 for one person, including incidental expenses |
| PR Visa Scoring Parameters | Age, English proficiency, educational qualification, work experience, etc. |
| Associate CPA Australia Membership Eligibility | Member of good standing with ICAI, hold a university degree recognised by the Australian Government as equivalent to an Australian bachelor's degree, or have at least five years of professional accounting work experience |
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What You'll Learn
Migration options for Indian CAs
Indian Chartered Accountants (CAs) have multiple pathways to migrate to Australia. Firstly, it is important to note that Indian CA qualifications are recognised in Australia, and completing a Certified Practising Accountant (CPA) course is not mandatory. However, CAs who wish to become CPAs in Australia can do so through a Mutual Recognition Agreement (MRA) with the Institute of Chartered Accountants India (ICAI). To be eligible for Associate CPA Australia membership, you must be a member in good standing with ICAI, hold a university degree recognised by the Australian Government Department of Education, Skills and Employment as equivalent to an Australian bachelor's degree, or have at least five years of professional accounting work experience.
One popular migration pathway is the General Skilled Migration program, which allows visa holders access to permanent work visas without being linked to a single employer. To apply for a skilled visa, you must first submit an Expression of Interest (EOI) through your Skill Select account. The EOI will assess your educational qualifications and work experience. It is recommended to also apply for a skills assessment and an experience assessment for your chosen occupation, as this will increase your score. The Australian immigration system is points-based, and your score will determine how quickly you receive your Permanent Residency (PR) invitation.
Another option is to migrate to Australia as a student and complete your CA qualifications there. Study fees for international students in Australia can range from AUD 20,000 to AUD 50,000 per year, plus visa fees. Once you have completed your CA, you can apply for a PR visa. It is preferable to have relevant work experience, as articleship is generally not considered sufficient.
To prepare for your migration, it is recommended to take an English language test such as the Pearson Test of English Academic (PTE) or the Test of English as a Foreign Language (TOEFL). The IELTS exam is also commonly accepted. The entire visa application process can take up to 12-18 months and may cost around INR 300,000, including incidental expenses.
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Membership of the Australian CA institute
Indian Chartered Accountancy (CA) is recognised in Australia. However, Indian work experience is not usually considered by Australian employers. To become a member of the Institute of Chartered Accountants Australia and New Zealand (CA ANZ), one must complete the Chartered Accountants Program, which includes studying for a Graduate Diploma in Chartered Accounting (GradDipCA) and gaining three years of practical experience. The institute is the only Australian professional accounting body that is a government-accredited Higher Education provider. It is also one of the three major legally recognised Professional Accountancy bodies in Australia, with over 120,000 members worldwide.
There are different pathways to membership, depending on one's qualifications and experience. For instance, graduates with an accounting degree can enter the program, but those with non-accounting degrees may also be permitted entry after meeting some additional requirements. For non-accounting degrees, one must have either a bachelor's or master's degree in commerce, business, or accounting from an accredited Australian university. The commerce and business degrees will require a major in accounting to qualify.
Teachers of accountancy must meet additional requirements to obtain membership. They are required to have completed a Doctorate or Masters by research with a major in an accounting-related field, held a senior academic position for a minimum of five years, have appropriate Australian Taxation and Corporation Law knowledge, and have references from two Chartered Accountants and their Head of School, as well as another significant academic.
To meet the practical experience requirements to become a Chartered Accountant in Australia, one must be employed by an organisation recognised by the Institute for at least 17.5 hours per week while completing the GradDipCA. One must also record their work experience with a Chartered Accountant mentor and apply for full membership after completing the GradDipCA and accumulating at least three years of practical work experience.
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Australian PR visas
Indian Chartered Accountants (CA) can apply for a Permanent Resident (PR) Visa to Australia, as Indian CA is recognised in the country. The entire process is online and may take up to 12-18 months. The approximate cost comes to INR 300,000 for one person, including all incidental expenses.
There are several pathways to obtaining an Australian PR visa. Firstly, it is important to note that the Australian PR system is point-based. The higher the points, the sooner one can obtain their PR. Points are based on multiple parameters, including age, proficiency in English, educational qualifications, and work experience.
One can apply for a subclass 187 visa if nominated by an Australian employer for a job in regional Australia. However, this visa is limited to certain parts of Australia, excluding major cities like Sydney, Melbourne, and Brisbane, as well as Newcastle, Wollongong, and the Gold Coast.
If you have skills that Australia needs, you could apply for a subclass 190 visa. This visa allows you to live and work permanently anywhere in Australia without restrictions. Additionally, if you have family in Australia, you may be eligible for Australian permanent residency through a Partner Visa (subclass 820), which can be upgraded to a Permanent Subclass 801 visa.
Business owners can also apply for a Business Talent Visa, allowing them to operate a business in Australia, or a Business Innovation and Investment Visa (subclass 888), which allows them to own and manage a business and invest in Australia. For students, one option is to complete a CA and migrate to Australia on a student visa, and then transition to a PR visa.
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Australian work experience
Indian Chartered Accountants (CA) seeking work experience in Australia should be aware that while their qualification is recognised, Indian work experience is not usually considered by Australian employers.
To gain Australian work experience, it is recommended that you first research your job sector and prepare an ATS-friendly resume. You can then start applying for jobs on Australian job websites, job portals, and company websites. It is also suggested that you reach out to your connections in Australia via networking platforms such as LinkedIn and ask them for a reference in their organisation. Additionally, you can contact HR firms and trusted recruitment agencies to speed up the process.
When applying for jobs in Australia, it is important to note that most employers use an Applicant Tracking System (ATS) to filter candidates. Therefore, it is crucial to ensure that your resume is ATS-friendly.
If you are a student, you can migrate to Australia on a student visa and gain work experience while studying. Study fees for international students can range from AUD 20,000 to AUD 50,000 per year, depending on the course and institution. Alternatively, you can complete your CA in India and then migrate to Australia on a Permanent Resident (PR) Visa. This option also requires relevant work experience, as the Australian PR system is point-based, taking into account factors such as age, proficiency in English, educational qualifications, and work experience.
To apply for a PR Visa, you will need to follow several steps. Firstly, apply for a skill assessment for your chosen occupation, as there is a list of eligible occupations based on educational qualifications. Secondly, apply for an experience assessment for your chosen occupation, as this is optional but can increase your score. Thirdly, submit an Expression of Interest (EOI) with the Australian Immigration Authorities using your Skill Select account, providing comprehensive details about your qualifications and work experience. Finally, once your EOI is accepted, you will be invited to submit your application for Permanent Residency. The entire process is online and typically takes 12-18 months.
It is important to note that the documentation requirements are extensive, and there may be associated costs, such as IELTS fees, agent charges, and certification charges. Additionally, before starting the process, it is recommended to visit the Australian immigration website to understand which occupation suits you best.
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Cost of the migration process
The cost of migrating from India to Australia varies depending on visa type, family size, and lifestyle choices. The entire process is online and may take approximately 12-18 months. The documentation requirements are extensive but manageable. The approximate cost for one person comes to INR 300,000 (including all incidental expenses like IELTS fees, MARA agent charges, Xerox charges, certification charges, etc.).
The cost of visas varies depending on the type of visa applied for. Here are some of the most common visa categories and their costs:
- Subclass 189 (Skilled Independent Visa): AUD 4,640 for the main applicant.
- Subclass 190 (Skilled Nominated Visa): AUD 4,640 for the main applicant.
- Subclass 491 (Skilled Work Regional (Provisional) Visa): AUD 4,640 for the main applicant.
- Additional applicants (18 and over): AUD 2,320 each.
Skilled migration visas require a skills assessment by relevant authorities. The Australian PR system is point-based: applicants are given a score based on multiple parameters, including age, proficiency in English, educational qualification, and work experience. The higher the points scored, the earlier one will get their PR.
If a student wants to start the migration process while studying in Australia, there are two options:
- Complete CA and migrate to Australia on a student visa. Study fees may range from AUD 20,000 – AUD 50,000 p.a., depending on the course of study and the educational institution. These are in addition to the visa fees.
- Complete CA and migrate to Australia (on a PR visa). Normal visa fees apply or are enhanced greatly.
Accountants with 2 to 4 years of experience in India generally earn a gross remuneration of AUD 60,000 to AUD 80,000 at the start of their careers in Australia.
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