There has been a lot of talk in the media this week about changes to 457 visas.
Most importantly to 457 visa holders are the changes relating to Condition 8107. The condition regarding work restrictions.
As you are probably aware, the work restriction comes into effect once a nomination/visa by an employer is approved. Once this happens, the 457 holder can only work for the nominating employer in the occupation which is specified in the nomination. There are only a few exceptions to this rule, like if the employee is employed as a general manager or medical practitioner and a couple of others.
The point here is that previously a 457 visa holder had 90 days in which to find other employment, another visa category to suit or they must leave Australia.
As from 19th November 2016, If your employment ceases, you only have 60 days in which to either gain other employment, apply for another visa suitable, or to leave Australia. After 60 days the 457 holder will now be considered to be in breach of their visa conditions and subject to visa cancellation.
Whilst this may not affect you or your family at the moment, hopefully never, it is definitely something you should be aware of.