Australia has raised the Temporary Skilled Migration Income Threshold

The Australian Government is increasing the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000 from 1 July 2023. Unchanged since year 2013, approximately 90 percent of all full-time jobs in Australia are now paid higher than the present TSMIT, undermining skilled migration system of the land down under.

Rise of Temporary Skilled Migration Income Threshold

As per the government, the new income threshold of $70,000 is approximately where the TSMIT should have been if it had been appropriately indexed over the last 10 years. Speaking about this measure The Minister for Home Affairs and Cyber Security, Clare O’Neil stated,

“This is the first increase to the TSMIT in a decade. It is a down payment on the type of migration system the Albanese Government wants to build.

Our migration success story is rooted in permanency and citizenship. Giving people the chance to get established in their community, educate their kids, and become Australian.

We are leaving behind the unplanned, unstrategic, temporary migration program we are currently encumbered with thanks to the previous government.”

Pathway to Permanent Residency to TSS holders

The government has also announced that by the end of 2023, Temporary Skill Shortage (TSS) short stream visa holders will also get a pathway to PR (permanent residency) within present capped permanent program. It will help employers and migrants get more confidence, and will help raise the skill level in our permanent skilled program. Both these measures shall fulfil government’s commitments to raise the TSMIT and expand pathways to permanent residence.

Temporary Skill Shortage visa

This temporary visa is for skilled workers nominated by employers. This visa allows an employer to sponsor a suitable skilled worker to fill a position they are not able to fill finding an appropriate skilled Australian.

Also read-

Australia to increase Visa application charges from 1 July 2023

Australia has announced Two-Year extension of post-study work rights on Visa Subclass 485

New India-Australia Agreement- Indian graduates can work in Australia for up to 8 years

Australia held SkillSelect & Canberra Matrix Invitation Round on 25 May 2023

To confirm latest Australia immigration update and apply for relevant skilled visa in Australia this year, you may get in touch with trusted Visa Advisor and expert at Visas Avenue on Toll-Free No. 78-18-000-777 or you can drop us an e-mail at info@visasavenue.com.

- Rajneesh Kumar