TSMIT to increase to $70,000 on 1st July : What This Means for Skilled Migrants
Attention all visa holders and prospective applicants, we have some important news to share with you. On April 28, 2023, the Department of Home Affairs announced a significant change to the Temporary Skilled Migration Income Threshold (TSMIT), which will affect skilled migrants seeking to apply for a temporary skilled visa.
Starting from July 1, 2023, the TSMIT will be raised from $53,900 to $70,000. This increase is long overdue, as the TSMIT has remained frozen since 2013, making it challenging for skilled migrants to be eligible for a temporary skilled visa. This change will ensure that the TSMIT is aligned with current wage rates, and it will also improve the integrity of the skilled migration system.
The TSMIT is the minimum salary that a skilled migrant must be paid to be eligible for a temporary skilled visa. The increase of the TSMIT to $70,000 is significant, and it will have a considerable impact on the eligibility of skilled migrants for a temporary skilled visa. Therefore, it is crucial for current visa holders and prospective applicants to take note of this change and adjust their plans accordingly.
Moreover, the government has announced that TSS short stream visa holders will have a pathway to permanent residency within the existing capped permanent program by the end of 2023. This means that if you are a TSS short stream visa holder, you will have the opportunity to apply for permanent residency in Australia, which will provide you with more certainty and security in your status as a migrant worker.
These changes come in response to the findings of the independent Review of the Migration System led by Dr Martin Parkinson, which highlighted the need for reform in the Australian migration system. Therefore, it is essential to take note of these changes and prepare for any potential changes in the visa application process.
If you are a skilled migrant currently holding a temporary skilled visa, we urge you to take action and ensure that your salary meets the new TSMIT requirements. If you are a prospective applicant, we advise you to factor in the new TSMIT requirements when planning your visa application. Furthermore, if you are a TSS short stream visa holder, we encourage you to explore the opportunity of applying for permanent residency within the existing capped permanent program.
In conclusion, the increase of the TSMIT and the pathway to permanent residency for TSS short stream visa holders are significant changes that will impact skilled migrants seeking to work and live in Australia. It is crucial to stay informed and updated on any developments in the immigration policies and regulations to ensure a smooth visa application process.
We understand that this news may raise questions or concerns, and we would like to assure you that our team at Sellanes Clark are here to help you navigate through any potential changes in the nomination or visa application process. If you have any inquiries or would like to discuss your concerns regarding nominating an overseas worker or your current visa status, please do not hesitate to contact us.
Act now and prepare for these changes to ensure a successful visa application.
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