Effective 1 July 2023, Australia has raised the Temporary Skilled Migration Income Threshold (TSMIT) to $70,000 per annum plus superannuation. This update carries significant implications for both employers and skilled migrants.
The Temporary Skilled Migration Program allows Australian employers to sponsor foreign skilled workers to address skill shortages in the industry. The recent change enforces Australia’s commitment to fair wages and just compensation for skilled migrants.
Key Change:
The new TSMIT of $70,000 plus superannuation replaces the previous threshold of $53,900.
Implications:
Business aiming to sponsor skilled migrants must now offer a minimum salary of $70,000 per annum plus superannuation.
Prospective skilled migrants must secure job offers meeting the new income threshold.
The increased TSMIT showcases Australia’s dedication to equitable pay and a robust workforce. Adapting to this update is crucial for both employers and skilled migrant employees.
For expert guidance on navigating Australian migration laws, please book a consultation with Elmtree Migration Lawyers.