Budget 2023-24: VACs up 6 per cent and some by more; 482 visas in Short-term stream can renew onshore

Budget 2023-24: VACs up 6 per cent and some by more; 482 visas in Short-term stream can renew onshore

The Federal Budget was handed down last night with most outcomes already known. Two further major changes are that 482 visas holders in the Short-term stream no longer need to apply when outside of Australia from 1 July 2023, and some visa application charges will see additional increases.

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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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Student visas: unlimited work rights to end 30 June 2023; migration system under review

Student visas: unlimited work rights to end 30 June 2023; migration system under review

The relaxation of work restrictions for student visa holders will be ending on 30 June 2023, with working holiday makers set to end even earlier on 31 December 2022. The migration system will be undergoing a review, concentrating primarily on skilled visas.

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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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