Current TSMIT Threshold = $73,150.00
What is 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 or a Skilled Employer Sponsored Regional (SESR) subclass 494 Visa, can be paid.
All nominations for these visas must evidence offered guaranteed annual earnings of $73,150 or above.
The TSMIT also applies to the 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”