Australia | Skilled visa income thresholds increase July 1

The Australian government announced that effective July 1, skilled visa income thresholds will increase by 4.6% to align with changes in the Average Weekly Ordinary Time Earnings.

Key Points:

• Indexation changes will be as follows:
  • The Core Skills Income Threshold will increase from AU$73,150 to AU$76,515.
  • The Specialist Skills Income Threshold will increase from AU$135,000 to AU$141,210.
  • The Temporary Skilled Migration Income Threshold will increase from AU$73,150 to AU$76,515.
• New nomination applications after July 1 must meet the new thresholds or the annual market salary rate, whichever is higher.
• The change does not apply to existing visa holders and nominations lodged before July 1.

Additional Information: The thresholds are indexed annually to ensure parity with Australian workers’ wages.

This alert has been provided by the BAL Global Practice Group.

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