TSMIT increased from 1 July, 2024.

Starting July 1, the minimum salary threshold (TSMIT) for sponsoring an overseas skilled worker will rise from $70,000 to $73,150, excluding superannuation. Be aware that you may need to offer a higher salary based on the Australian market rate for the specific position.

For new nomination applications submitted after July 1, 2024, the salary must meet the new TSMIT or the annual market salary rate, whichever is higher. This change does not affect existing visa holders or nominations lodged before this date. This update follows the Government's commitments made at the Jobs and Skills Summit in September 2022.

The impact on sectors already facing challenges from the 2023 increase and ongoing skill shortages is expected to be significant.

Stay Informed

For the latest updates and guidance on the changes to work visas, consult with our experienced Migration lawyers at One Planet Migration law.

We remain committed to providing accurate and timely information to assist our clients. Contact us today to discuss your specific circumstances and explore the best pathways to achieve your migration goals.

Note: The information provided in this article is meant for general informational purposes only and should not be interpreted as legal advice. Although we strive to provide accurate and useful information, the nuances of Australian immigration law demand personalised advice from legal professionals. Given the dynamic nature of migration regulations, it is essential to consult with experienced immigration experts for up-to-date insights tailored to your individual circumstances. We strongly advise seeking professional guidance to navigate the complexities of Australian immigration law effectively and to achieve the most favorable outcomes for your immigration journey.