The Australian Government has made significant changes relating to Employer Sponsored visas. The Temporary Skilled Migration Income Threshold (TSMIT) has been increased from $53,900 to $70,000, beginning 1st of July 2023.
TSMIT is the required minimum annual salary payable to a sponsored employee in specific visa streams, which are:
● Temporary Skill Shortage (subclass 482)
● Employer Nomination Scheme (subclass 186)
● Skilled Employed Sponsored Regional (subclass 494)
The TSMIT plays a vital role in Australia's Immigration system as it helps to protect skilled workers and ensure that they are compensated fairly.
The increase will impact both employers who wish to nominate new skilled workers and current temporary skilled workers who are looking to apply for a permanent residency through an Employer Sponsored visa.
Although the extent of impact shall vary depending on industries, it is imperative for both employers and workers to be aware of changes and to ensure that they are complying with the mandates of the Department of Home Affairs.
If you are a current or a potential sponsor, and concerned or unsure about how the increased TSMIT could affect you and your existing employees or your plans to sponsor future employees, Verde Lawyers may assist you. Our experienced and friendly team will guide you through the entire process and help you achieve the best outcome possible.
Contact us today at Verde Lawyers at email@example.com or 02 9283 5290.