Australia has announced a significant update to its immigration policy, specifically concerning the Temporary Skilled Migration Income Threshold (TSMIT). Effective July 1, 2024, the TSMIT will be raised from $70,000 to $73,150. This change aims to ensure that the wages for temporary skilled migrants remain competitive and fair, aligning with the Australian labor market and economic conditions.
The increase is part of the government’s broader strategy to enhance the skilled migration program, as outlined during the Jobs and Skills Summit in September 2022. The new threshold will apply to all new employer nomination applications for visas such as the Temporary Skill Shortage (subclass 482), Employer Nomination Scheme (subclass 186), and Regional Sponsored Migration Scheme (subclass 494) submitted from July 1, 2024.
This adjustment reflects ongoing efforts to prevent underpayment and exploitation of skilled migrants, ensuring they receive a fair wage comparable to the market rate for their occupations. Employers will need to ensure that any job offers to skilled migrants meet or exceed this new threshold.
The change will not impact current visa holders or applications submitted before the effective date. Employers planning to sponsor new skilled migrants are advised to review their salary structures and ensure compliance with the new TSMIT. This update underscores the importance of staying informed and prepared for changes in immigration policies to maintain compliance and attract top international talent.
If you have a question or concern, don’t hesitate to send us an email at info@pathwaytoaus or book a consult with our migration team. You’ll also find our details down below.
