The announcement to increase the Temporary Skilled Migration Income Threshold (TSMIT) in Australia from AUD 53,900 to AUD 70,000 is expected to affect the migrating population significantly.
According to a report of Outlook, the Minister for Home Affairs in Australia, Clare O’Neil, has applied new changes in the current regulations that are aimed at managing the backlog while also ensuring that the immigration system is robust and poised to attract a large number of talents from other countries, VisaGuide.World reports.
Among the main amendments that will be introduced from July 1, 2023, onwards are the following ones:
The migration system in Australia will be revamped to Simplification the rules concerning the migration program.
The temporary Skilled Migration Income Threshold (TSMIT) will increase from AUD53,900 to AUD70,000 and is expected to affect the migration, thus accounting for the first increase in a decade. It is expected to affect the businesses in regional areas. However, it’s still unknown if the increase in TMIT will affect Designed Area Migration Agreements or Industry Labour Agreements.
In addition, by the end of this year, all temporary skilled workers under the TSS short stream will also have a pathway to permanent residency in this country, following Minister O’Nail’s announcement.
Temporary Skilled Migration Income Threshold means the minimum salary payable to a sponsored employee in the visa streams mentioned below:
Temporary Skill Shortage (subclass 482)
Employer Nomination Scheme (subclass 186)
Skilled Employer Sponsored Regional (Provisional) (subclass 494)
According to an analysis of the Australian Migration and Recruitment Agency, Konnecting, Permanent Residence (subclass 191) visa applicants who must show the minimum TSMIT threshold for at least three income years will also be affected by the recent changes.
TSMIT aims to protect those considered lower paid in Australian jobs while ensuring that employer-sponsored visa holders have reasonable means of support while remaining in this country.
Temporary Skill Shortage (subclass 482) is a work visa that allows candidates to apply for it if they have a sponsor that nominated them for this kind of visa. It has been clarified the sponsor for this visa must show evidence of having a genuine need in order to fill in that position with a worker from a foreign country.
Employer Nomination Scheme (subclass 186) is a permanent work visa granted to international workers who are nominated by Australian patrons. In contrast, subclass 494, or Skilled Employer-Sponsored Regional Visa, is a sponsored work visa for workers from other countries in order to help the country fill in labor shortages.
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