From 1 July 2024, the Temporary Skilled Migration Income Threshold (TSMIT) will rise from $70,000 to $73,150, excluding superannuation.
All new nomination applications submitted from this date must comply with the new TSMIT of $73,150 or the annual market salary rate, whichever is higher.
Impacted visas include:
- Temporary Skill Shortage (Subclass 482) visa
- Skilled Employer Sponsored Regional (Subclass 494) visa
- Employer Nomination Scheme (Subclass 186) visa
This adjustment will not impact current visa holders or nominations lodged before 1 July 2024.
We are waiting on the legislative framework to confirm all requirements. We anticipate the supporting legislation will be released mid-June. We will provide another update when details become available.
Employer Sponsors should prepare for the July 1st increase to ensure you’re in full compliance.
In the meantime please feel free to contact us by email at contact@roammigrationlaw.com or phone +61 1300 950 771 if you require further guidance.
