Australia abolishes 457 visas – what is the impact on its startup and tech community?

[1] According to Prime Minister Malcolm Turnbull, the government will be terminating 457 visas going forward.

[2] Turnbull reasoned out that he’s aiming to prioritizing “Australian jobs first.”

[3] According to the Department of Immigration, more than 95,000 workers have come into Australia on 457 visas in Australia since Sept 2016.

[Source] Australian Information Technology News – Australia abolishes 457 visas – what is the impact on its startup and tech community?