On 27 April 2023, the Minister for Home Affairs, Claire O’Neil announced that the Govenment would be implementing significant changes to the skilled visa migration program, in response to the findings of the independent Review into Australia’s Migration System.
One of the changes announced was an increase to the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000, commencing from 1 July 2023.
Further information on this important change was published by the Department of Home Affairs on 5 May 2023, which is reproduced below.
From 1 July 2023, the TSMIT will increase from $53,900 to $70,000. New nomination applications after this date will need to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.
This change will not affect existing visa holders and nominations lodged before 1 July 2023.
We have also been informed by Home Affairs that sponsors who have a labour agreement in place which includes occupations that are eligible for a concession to TSMIT will continue to access the concession against the new TSMIT.
Australian Government – The Hon Clare O’Neil MP – Minister for Home Affairs – Thursday, 27 April 2023 – Temporary Skilled Migration Income Threshold Raised to $70,000 – Joint media release with the Hon Andrew Giles MP