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Thursday, May 30, 2024 Starting July 1, 2024, the Australian Government will increase the Temporary Skilled Migration Income Threshold (TSMIT) from $70,000 to $73,150, representing a 4.5% hike. This adjustment, as reported by VisaGuide.

World, is designed to ensure that employers meet either the new threshold or the annual market salary rate (AMSR), whichever is higher, for new nomination applications. This change aligns with commitments made at the Jobs and Skills Summit in September 2022, which focused on ensuring fair wages for skilled migrants and maintaining the integrity of the skilled migration program. The TSMIT represents the minimum salary employers must pay to temporary skilled migrants they sponsor.



The increase follows a significant rise in July of last year when the TSMIT was raised from $53,900 to $70,000, marking a 30% increase. The latest adjustment aims to further support the Australian economy by ensuring skilled migration contributes positively, protecting the integrity of the visa system by preventing underpayment, and addressing skills shortages by attracting highly skilled professionals to Australia. The new TSMIT will impact all new nomination applications submitted from July 1, 2024, but will not affect current visa holders or nominations submitted before this date.

Employers nominating workers for subclass 482, 494, 186, and 187 visas must comply with specific salary conditions, ensuring overseas workers are paid no less than an equivalent Australian .

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