IMPACT — MEDIUM

The Australian government has provided updates to the planned increase to the Temporary Skilled Migration Income Threshold taking effect in July.

Key Points:

  • Beginning July 1, the TSMIT will increase to 70,000 AUD (about US$46,500) from 53,900 AUD.
  • New nomination applications submitted after June 30 will need to meet the new TSMIT of 70,000 AUD or the annual market salary rate, whichever is higher.
  • This change will not affect existing visa holders and nominations submitted before July 1, 2023.

Additional Information: Australian authorities plan to provide more information regarding the TSMIT increase closer to the July 1 implementation date.

BAL Analysis: The TSMIT determines which positions are eligible for sponsorship in Australia. Employers must demonstrate to immigration authorities that the market salary rate for the proposed role is above the TSMIT in order for the position to be eligible for nomination.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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