In our spotlight on APAC series, we round up the latest developments from across Asia Pacific. In this post, we take a look at the changes set for the Temporary Skilled Migration Income Threshold (TSMIT) in Australia.
With effect from 01 July 2024, the TSMIT will be increased to AUD $73,150 from $70,000. Employers are required to meet this new threshold amount, or the annual market salary rate, whichever is the higher of the two.
The change will impact the following visa categories:
- Temporary Skill Shortage (subclass 482) visa
- Employer Nomination Scheme (subclass 186) visa via Direct Entry Stream only
- Employer Sponsored Regional-SC494 Visa
Existing visa/nominations that were filed prior to 01 July 2024 will not be impacted by the new requirement.
Should you require any further information on these updates or for assistance in planning your global immigration needs, please contact [email protected] or [email protected].
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