TSMIT (Temporary Skilled Migration Income Threshold) Increases
What is a TSMIT (Temporary Skilled Migration Income Threshold)?
The TSMIT is the minimum guaranteed annual earnings a worker sponsored by an employer for a Temporary Skilled Shortage (TSS) subclass 482 Visa, can be paid.
From 1 July 2023 all nominations for a TSS visa holder must evidence offered guaranteed annual earnings of $70,000 or above.
The former threshold of $53,900 was introduced in June 2013 and has not seen an increase in ten years.
In a joint media release by the Minister for Home Affairs and the Minister for Immigration, it was stated that 90% of all full-time jobs in Australia are now paid more than the previous TSMIT, which they argue undermined Australia’s skilled migration system. They state that the new $70,000 threshold is approximately where the TSMIT should have been if it had been properly indexed over the previous 10 years, and therefore suggests that it will create a more equitable workforce across both local and migrant skilled workers.
The TSMIT also applies to Skilled Employer Sponsored Regional (SESR) subclass 494 visas, and Employer Nominated Scheme (ENS) subclass 186 visas.
There are exceptions /concessions that may apply under industry; company specific; or DAMA labour agreements depending on the agreement and specified occupation.
The TSMIT can include a base salary and what are deemed other guaranteed earnings, shift loading being one example. It can also include certain non-monetary benefits, however any determination as to what strictly constitutes guaranteed annual earnings are ultimately guided by provisions in Australia’s Fair Work legislation.
Please note that the information provided on this page is general only and is not legal advice for any individual’s circumstances. If you would like to further discuss how this information relates to your situation please “Contact Us”