Annual Market Salary Rate (AMSR) changes avoid the pitfalls of awards

Annual Market Salary Rate (AMSR) changes avoid the pitfalls of awards

Flexibility on how the Annual Market Salary Rate (AMSR) is determined will apply to new and not finally determined nomination applications for employer-sponsored visas. It will allow alternative evidence where a Fair Work instrument, such as an award, is not the prevailing market rate.

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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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