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Government increase to TSMIT from 1 July 2023

Government increase to TSMIT from 1 July 2023

Update by FNQ DAMA

The government recently announced that the Temporary Skilled Migration Income Threshold (TSMIT) will increase to $70,000 from 1 July 2023. The DAR has been in communication with the Labour Agreement Section at the Department of Home Affairs with a series of questions regarding whether and how this may affect the FNQ DAMA and the TSMIT concession. We understand that formal advice is not yet available but is being formulated. The DAR has a meeting with the Labour Agreement Section on 17 May and is attending a Migration Institute of Australia Regional Migration Conference in Adelaide on 19 May. The DAR hopes to be in a position to provide clarity to stakeholders soon afterwards. Meanwhile, the FNQ DAMA continues to operate in effect with labour agreements being decided by Canberra.

Source: https://www.cairnschamber.com.au/regional-migration/fnq-dama

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