Changes to TSMIT Salary Requirements for Sponsored Workers from 1 July 2024
Sheila Woods
Managing Director | Registered Migration Agent - Business Migration at Interstaff
New Nomination applications for?employer-sponsored workers will need to meet a minimum salary requirement?of $73,150 from 1 July 2024 (up from $70,000) following the Australian Government's recent announcement to increase the?Temporary Skilled Migration Income Threshold (TSMIT).?
Here's what employers and skilled migrant workers need to know.?
How Does the?TSMIT Increase Impact?New Nomination Applications??
Nomination applications that are lodged from 1 July 1, 2024 to engage?a worker on a 482 TSS Visa, 494 Regional Visa or 186/187?Permanent Residence Visa will need to meet either the?new TSMIT minimum salary of $73,150 or the Annual Market Salary Rate (AMSR) for the person's occupation - whichever is higher.?
The AMSR ensures a migrant worker's salary aligns with what an Australian worker would earn in the same role and location of work. ?
What if the?AMSR for the Occupation is Less Than the New TSMIT??
The Annual Market Salary Rate (AMSR) for a worker's occupation must be?higher than the new TSMIT of $73,150 in order to lodge a Nomination application. If the employee's AMSR is less than the new TSMIT,?they cannot apply to be sponsored for work in that position.? ??
Does the TSMIT Increase Affect Current?Sponsored Visa Holders??
No - the change to the TSMIT will not affect existing visa holders and nominations lodged before 1 July 2024.? ??
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Why is the?TSMIT Increasing??
As part of its commitment at the Jobs and Skills Summit in 2022 and in its?Migration Strategy in 2023, the Government expects to increase the TSMIT annually so that it can be indexed accordingly.?
As you may know, the TSMIT was?frozen at $53,900 from mid-2013 until July 2023 when?it increased to $70,000?to reflect the figure it would have been if it were indexed over the previous?10 years.?
Strategic Immigration for Business
To avoid?costly nomination refusals, employers should ensure they?comply with immigration requirements such as the Temporary Skilled Migration Income Threshold (TSMIT) and Annual Market Salary Rate (AMSR) for sponsored employees.
About the Author?| Sheila Woods is a Registered Migration Agent (MARN: 0533879) and the Managing Director of Interstaff. She has over 15 years experience in advising on Australian immigration matters for businesses.
Connect with Sheila and follow Interstaff for more Australian immigration insights, or get in touch to discuss your business' visa and sponsorship options.
Interstaff | 1800 449 858 | [email protected] | Head Office: Ground Floor, 20 Clive St, West Perth