Opposition leader Angus Taylor is expected to unveil the policy after signoff from Liberal and National MPs in a special party room meeting convened this morning. Liberal sources told Guardian Australia the Coalition's target for net overseas migration would be markedly lower than Labor's, but not cut as deeply as One Nation's plan.
The Nine newspapers reported the Coalition would initially drop net migration to around 100,000 in the first year after the election, before it rose again to a figure between One Nation's 130,000 and Labor's target of 225,000.
As previously announced by Taylor, the number of new arrivals will be linked to housing completions in Australia. The plan is likely to contain the largest cuts in the first year, in an effort to make an immediate impact on net overseas migration. Coalition sources say the policy would maintain working holidaymaker places and prioritise skills.
Foreign students and people overstaying their visas will be part of the crackdown, along with measures to remove individuals without a legal pathway to stay. Last year Australia issued more than 337,000 international student visas, of which about 45,000 went to dependants or family members of the primary applicant.
The details have sparked a bitter war of words between the two conservative parties. Shadow home affairs minister Jonno Duniam claimed One Nation's policy would "trash the economy with absolute disregard".
One Nation announced last month it would cut the number of temporary migrants by more than 750,000 over three years, targeting international students and family members of skilled migrants.
Labor's plan, outlined by home affairs minister Tony Burke, aims to bring net overseas migration down to 245,000 this financial year and 225,000 in 2027-28. Most students would not be allowed to bring family members, and so-called visa hopping would be banned. Nationals MPs have warned Labor's limits on second and third-year working holidaymakers would badly hurt regional industries including fruit picking, and have pushed for carve-outs.