The highly anticipated press conference was held in Canberra. The changes announced are set to have a notable impact on the migration program in the upcoming year.
The Albanese Government will increase the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000 from July 1. The new $70,000 income threshold is approximately where the TSMIT should have been if it had been properly indexed over the previous 10 years.
The Government is also announcing that by the end of 2023, Temporary Skill Shortage (TSS) short stream visa holders will have a pathway to permanent residency within the existing capped permanent program
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