The Migration Institute of Australia (MIA) informed that will be a reduction on the time period that a Subclass 457 (Temporary Work (Skilled) visa holder has to remain in Australia after ceasing employment with their current sponsor from 90 days to 60 days.
If 457 holder has not found a new sponsor within 60 days of ceasing that employment, they will be in breach of their visa condition and their visa may be cancelled.
It applies to 457 visas granted on or after 19 November 2016