Updated – Increase in the Temporary Skilled Income Threshold (TSMIT) to $70,000 and expanded pathways to permanent residence.
Updated information has been announced regarding the Temporary Skilled Income Threshold (TSMIT) and pathways to permanent residence for employer-sponsored temporary skilled visa holders.
Raising the Temporary Skilled Migration Income Threshold
Starting from July 1, 2023, the TSMIT will be raised to $70,000, and new nomination applications will need to meet this threshold or the annual market salary rate, whichever is higher. Existing visa holders and nominations submitted before July 1, 2023, will not be affected.
Expanded pathways to permanent residence.
Additionally, by the end of 2023, the Temporary Residence Transition (TRT) stream of the Employer Nomination Scheme visa will be open to all Temporary Skill Shortage (TSS) visa holders whose employers wish to sponsor them.
The TRT eligibility requirement will be reduced to two years of employment with the sponsoring employer, and there will no longer be limitations on the number of Short-term streams TSS visa applications that can be made in Australia.
These changes aim to provide more accessible pathways to permanent residence, offer greater certainty to visa holders and employers, and address skills shortages by expanding the range of eligible occupations.