Temporary Skilled Migration Income Threshold increase forthcoming

IMPACT — MEDIUM

The Australian government announced that it will increase the Temporary Skilled Migration Income Threshold in July.

Key Points:

• Beginning July 1, the TSMIT will increase to 70,000 AUD (about US$46,500) from 53,900 AUD.
• Changes to the TSMIT have been paused for the past 10 years; the 70,000 AUD is consistent with where the threshold would be had the figure been indexed over the last decade.
• Authorities have yet to provide information on how the TSMIT increase will effect existing Sc 482 visa holders.

Additional Information: Australian authorities plan to create a pathway to permanent residency within their existing capped permanent program for Temporary Skill Shortage short-stream visa holders. More information regarding changes to the TSMIT is available here.

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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