Following the Review of the Migration System Commission Report, the Australian Government has announced that a substantial overhaul of the current visa system will be introduced over the next several months.
The first change to the Australian visa system will be to increase the current Temporary Skilled Migration Income Threshold (TSMIT) from the current AU$53,900 to AU$70,000 for the Temporary Skill Shortage (TSS)(subclass 482) visa and Skilled Employer Sponsored Regional (Provisional) (subclass 494) visas. The increase in the TSMIT will commence on 1 July 2023.
Therefore, employers looking to sponsor overseas workers from 1 July 2023 will need to offer an annual salary of at least AU$70,000 plus superannuation to prospective employees.
The stated reason by the Federal Government for the significant increase in the TSMIT is that the threshold of AU$53,900 was frozen since 2013 and AU$70,000 reflects the threshold had it been indexed over the past 10 years.
For advice regarding sponsorship of skilled overseas workers in Australia, please do not hesitate to contact us at info@hartmanimmigration.com.au for Australian immigration assistance.
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