For the first time in a decade, Australia will finally increase the Temporary Skilled Migration Income Threshold (TSMIT) from AUD 53,900 to AUD 70,000 starting July 1, 2023.
“The Temporary Skilled Migration Income Threshold was frozen for a decade by the former Liberal Government, including the six years where Peter Dutton was Minister. This is not fair for migrant workers and it is not fair for Australian workers,” said the Minister for Immigration, Citizenship and Multicultural Affairs, Andrew Giles
This is said to be the Government’s first action in response to its Review of the Migration System. It was an independent review led by Dr Martin Parkinson which found that Australia’s migration system is broken.
This means that if an employer wants to sponsor overseas workers, they will need to offer a minimum salary of AUD 70,000 plus superannuation.
New nominations lodged ON or AFTER July 1, 2023, will be required to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.
Applications lodged BEFORE 1 July 2023 will not be affected.
The TSMIT increase will also impact eligibility for the Temporary Skill Shortage (TSS) SC 482 visa. By the end of 2023, all sponsored visa holders will be eligible for ENS TRT after two years (down from three years) of sponsorship on a TSS by their employer.
This change will provide employers and migrants with more certainty and will help increase the skill level in Australia’s permanent skilled program.
The information provided is for general use only and should NOT be taken as Migration Advice. For information about your circumstances, don’t hesitate to get in touch with Milestone Migration for immigration assistance.
