Raising the TSMIT to $70,000 from July 1, 2023
Raising the Temporary Skilled Migration Income Threshold (TSMIT) applies to a number of skilled visas, including the Temporary Skill shortage (subclass 482), Skilled Employer Sponsored Regional (Provisional) (subclass 494), Employer Nomination Scheme (subclass 186) and the Regional Sponsored Migration Scheme (subclass 187) visas.
The Annual Market Salary Rate (AMSR)
The AMSR is the Australian industry standard pay a worker receives for their occupation. AMSR may differ for an occupation based on years of experience, location and an employees' skills. The AMSR ensures an overseas worker is paid no less than an Australian worker doing the same work in the same location. It can be determined by enterprise agreements or industrial awards, job outlook information, remuneration surveys, job advertisements for roles in the same location or advice from unions or employer associations.
Why the TSMIT Has Been Lifted