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Effective from 1 July 2024, the Temporary Skilled Migration Income Threshold (TSMIT) will rise from $70,000 to $73,150, excluding superannuation. All new nomination applications submitted from this date must comply with the new TSMIT of $73,150 or the annual market salary rate, whichever is higher.
This adjustment will not impact current visa holders or nominations lodged before 1 July 2024.
Employer Sponsors should prepare for the July 1st increase to ensure they're complying with the new increase.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
