Summary
Amends the: Migration Act 1958 to: require the minister to establish the Ministerial Advisory Council on Skilled Migration to provide advice in relation to the temporary sponsored work visa program; require sponsors participating in the temporary sponsored work visa program to undertake labour market testing in relation to nominated occupations; provide that labour market testing is undertaken after redundancies and retrenchments have occurred; provide for enforceable undertakings between the minister and approved sponsors in relation to sponsorship; and enable Fair Work inspectors to monitor sponsorship compliance; Migration Act 1958 and Migration Regulations 1994 to set out the requirements to be met by approved sponsors when undertaking labour market testing; and Migration Regulations 1994 to extend the period in which certain visa holders can seek new sponsored employment.