The Australian government has recently increased the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000, effective July 1, 2023.
Here’s what you need to know:
· If your salary is above $70,000 and within the market rate, your nomination application will be eligible for approval.
· For certain occupations where the Australian market salary rate falls below the new TSMIT, approval for nomination may be a challenge.
· If you’ve already lodged a nomination application before July 1, there may be a transition period.
Don’t miss out on this opportunity! If you’re an Australian business looking to sponsor an overseas worker, or an overseas worker hoping to be sponsored by an Australian business, these changes may affect you. We recommend consulting with a trusted migration professional to assist with your application and ensure it’s lodged before July 1, so you can get your nomination granted before the new TSMIT takes effect.