TSMIT increasing to $70,000 from 1 July 2023; pathway to PR for Short-term 482 visa holders from end of 2023

TSMIT increasing to $70,000 from 1 July 2023; pathway to PR for Short-term 482 visa holders from end of 2023

Major announcements by the Minister of Home Affairs today include the long-awaited increase to the Temporary Skilled Migration Income Threshold (TSMIT) to $70,000 and a pathway to a permanent visa for 482 visa holders in the Short-Term Skilled Occupation List (STSOL). These will have far-reaching consequences.

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482/494/186: TSMIT to $91,000 after the Jobs and Skills Summit?

482/494/186: TSMIT to $91,000 after the Jobs and Skills Summit?

It was suggested in a recent media article that the Temporary Skilled Migration Income Threshold (TSMIT) is set to rise from $53,900 per annum, however, those proposing a lofty increase will find it impossible to support without regulatory changes to the Annual Market Salary Rate requirements.

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