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With the raising of the Temporary Skilled Migration Income Threshold (TSMIT) now in effect from 1 July 2023, the Department of Home Affairs has produced a 2-page reference document which covers areas including:
- Why the TSMIT has been raised
- How it will be applied to Labour Agreements that were lodged on or after 1 July 2023
- Labour Market Testing (LMT)
- Skilled Australians Fund (SAF)
- Annual Market Salary Rate (AMSR)
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An area we would like to highlight to employer sponsors is within the Annual Market Salary Rate guidelines. The Department of Home Affairs is able to flexibly consider elements of the AMSR, as long as employers provide suitable evidence justifying their claims, including non-monetary benefits, such as accommodation or a car, where the AMSR is more than TSMIT and only if it reasonable to do so.
To view the fully document produced by the Department of Home Affairs, please click here.
With a great deal of change and added complexities, we welcome your enquiry for further information and support. Please email aisupport@absoluteimmigration.com or call 1300 227 658
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