Skip to main content

Livvimmigration

NO VISA, NO FEE GUARANTEE

1300 548 846
Client Portal
Consultation
Menu
Menu

Raising the Temporary Skilled Migration Income Threshold (TSMIT)

HOme > Raising the Temporary Skilled Migration Income Threshold (TSMIT)

Effective 1 July 2024, the Temporary Skilled Migration Income Threshold (TSMIT) will be raised from $70,000 to $73,150. All new nomination applications from this date onward must meet the new TSMIT of $73,150 or the annual market salary rate (AMSR), whichever is higher. Importantly, this change will not impact existing visa holders or nominations lodged before 1 July 2024.

 

This adjustment aligns with the Government’s commitment made during the Jobs and Skills Summit in September 2022. Further details regarding future income thresholds and the indexation methodology, including information on the new Skills in Demand Visa, will be provided later in 2024. If you are seeking additional information, our experts at LIVV Immigration can assess your requirements and give you an advice that is tailor made for your situation..   

 

Overview for Employers

 

Employers nominating workers for subclass 482, 494, 186, and 187 visas must adhere to specific requirements. For overseas workers with an annual salary under AUD 250,000, employers must ensure that:

1682588603313
  1. The annual market salary rate (AMSR) has been accurately determined.
  2. The overseas worker’s salary is not less than the AMSR, ensuring it matches or exceeds what an equivalent Australian worker would be paid.
  3. Both the AMSR and the overseas worker’s salary, excluding non-monetary benefits, meet or exceed the TSMIT.

These requirements help to prevent overseas workers from being paid less than Australian workers for the same work and protect the Australian labor market from being undercut by these visa programs.

 

Read More: General Skilled Visa Specialist  

 

Temporary Skilled Migration Income Thresholds

 

The TSMIT for nomination applications is as follows:

  • AUD 73,150: For applications lodged between 1 July 2024 and 30 June 2025.
  • AUD 70,000: For applications lodged between 1 July 2023 and 30 June 2024.
  • AUD 53,900: For applications lodged between 1 July 2013 and 30 June 2023.

The TSMIT does not include non-monetary benefits such as accommodation or a car, which must be provided in addition to the TSMIT. Employers are required to ensure that the AMSR and the worker’s guaranteed annual earnings meet or exceed the TSMIT applicable at the time of lodgement. 

 

Determining the Annual Market Salary Rate (AMSR)

 

The AMSR is determined by evaluating what an equivalent Australian worker is paid, considering enterprise agreements, industrial awards, job outlook information, recent job advertisements, and remuneration surveys or advice from unions or employer associations.

  • If there is an equivalent Australian worker: The AMSR is based on what this worker is paid. Employers must provide the name of the agreement or award as recorded by the Fair Work Commission and the applicable salary level or occupation group.
  • If there is no equivalent worker but there is an enterprise agreement or award: Employers should provide the name of the agreement or award and the relevant salary level or occupation group.
  • If there is no equivalent worker, agreement, or award: Employers must determine the AMSR using at least two sources of relevant information, such as job outlook data, recent job advertisements, remuneration surveys, or written advice from unions or employer associations.

Employers must ensure that the salary offered to the nominated overseas worker is not lower than that of an equivalent Australian worker. Nominations will be refused if the proposed salary is less than the AMSR or if only generic market salary data or surveys are provided.

 

Read More: Why Choosing a Registered MARA Agent is Crucial for Your Immigration Success?

 

At LIVV Immigration, we partner with both employers and candidates to simplify the visa process for both involved parties. We offer a tailored approach that meets your unique business and personal needs, including a selective visa assessment and strategic advice. Got questions or need general guidance on your situation? We’re here to help. With years of experience handling a wide range of cases, we’ve refined our approach to deliver successful outcomes. Book a free consultation today to learn more.

Recommended readings

Looking for the Best Visa Consulting?

LIVV Immigration provides a suite of services pertaining to immigration and visa issues.

Consultation