The new skilled migration program you are asking about is called SkilledSelect and you can read more information by visiting: Skillselect
The current and new skilled migration program has the same requirements for the points system. But for SkilledSelect, you submit your information in what they are calling "Expression of Interest" (EOI). The only way you can apply is if you are invited to apply. More detailed information can be found in the link above.
But if you apply before the deadline with the current skilled migration program, the Department of Immigration and Citizenship (DIAC) will review and process your application and make a decision if you will or will not be granted a visa. So different story of getting invited which means it will likely be more competitive?