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AUSTRALIA – Upcoming Changes to Temporary Skilled Migration Income Threshold Effective July 1, 2024
May 29, 2024
By: Patricia Clarino
The Temporary Skilled Migration Income Threshold (TSMIT) will increase to AUD 73,150 from AUD 70,000 from 1 July 2024. Any new nomination applications submitted on or after this date, must meet the new minimum salary requirement or the annual market salary rate, whichever is higher.
Current visa holders and nomination applications lodged before the effective date will remain unaffected.
Newland Chase Insights
Clients are encouraged to evaluate their affected employees and consider filing the applications before the change takes effect.
As always, don’t hesitate to reach out to your Newland Chase dedicated contact or submit an inquiry here should you have any specific questions regarding this announcement.
This immigration update is for informational purposes only and is not a substitute for legal or scenario-specific advice. Furthermore, it is important to note that immigration announcements are subject to sudden and unexpected changes. Readers are encouraged to reach out to Newland Case for any case- or company-specific assessments.
