According to DIBP, 22 October 2014, Australia and Israel has announced that a Work and Holiday Memorandum of Understanding has been signed. This means that Israel and Australia now have a reciprocal arrangement for Work and Holiday Visa (subclass 462) for the 2 countries.

According to DIBP, this would allow 500 young adults from Israel and another 500 young adults from Australia to be able to travel to each other's country where they may study or do short term work.

The visa won't be in effect until both countries would come to an agreement with regards to the start date. Expect an announcement and the visa to be in effect in a few months after they have implemented the necessary processes. When a start date has been announced, eligible young adults from both countries will be able to apply for the visa.

Australia have also signed an arrangement with Portugal just last month, 25 September 2014.

For more information, click Australia and Israel sign a new Work and Holiday visa arrangement.