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Raising TSMIT from 1 July 2024

As expected, from 1 July 2024, the TSMIT (Temporary Skilled Migration Income Threshold) will increase by 4.5%, from AUD 70,000 to AUD 73,150.

New nomination applications from this date will need to meet the new TSMIT of $73,150 or the annual market salary rate, whichever is higher. However, this change will not affect existing visa holders and nominations lodged before 1 July 2024.

– AUD 53,900 for nomination applications lodged up to and including 30 June 2023

– AUD 70,000 for nomination applications lodged on or after 1 July 2023

– AUD 73,150 for nomination applications lodged on or after 1 July 2024

Let me remind you what is the Temporary Skilled Migration Income Threshold

Employers who wish to nominate workers for SC482, 494, 186, and 187 visas must meet certain salary and employment condition requirements. If employers plan to pay the overseas worker an annual salary of less than AUD 250,000, they need to show they will pay no less than an Australian worker who is doing the same work in the same location. This is the ‘annual market salary rate’ (AMSR), which must be at least as much as the current TSMIT.

The TSMIT does not include non-monetary benefits such as accommodation or a car. Employers must pay such benefits in addition to the TSMIT.

More information will be made available on future income thresholds and indexation methodology, including for the new Skills in Demand Visa, once finalized later in 2024.

Updates regarding these changes will be published on the Department of Home Affairs website and on our social media and website. Please stay tuned!

You can ask me questions at any time.

Just email me at office@yuliamoiseeva.com.au and describe your migration issues!

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