Starting July 1, 2024, the Temporary Skilled Migration Income Threshold (TSMIT) will increase from $70,000 to $73,150. New nomination applications submitted after this date must meet the new threshold of $73,150 or the annual market salary rate, whichever is higher.

Existing visa holders and nominations submitted before July 1, 2024, will not be affected by this change.

This increase is part of the Government’s commitment to fostering job and skill development, as outlined at the Jobs and Skills Summit in September 2022. The goal is to ensure that skilled migrants are fairly compensated and to maintain a competitive labour market.

Impact on TSS and ENS Applicants:

New Applications: From July 1, 2024, all new nomination applications must meet the new TSMIT of $73,150 or the annual market salary rate, whichever is higher. Employers must ensure that the positions they are sponsoring meet this increased salary threshold.

Existing Applications: If you submit your nomination application before July 1, 2024, the current TSMIT of $70,000 will apply to your application.

Visa Holders: Current visa holders will not be impacted by this change. The new threshold only applies to new applications lodged from July 1, 2024, onwards.

For any queries or assistance regarding the new TSMIT and how it may impact your visa application, contact us at [email protected].