{"id":51693,"date":"2024-06-03T16:21:28","date_gmt":"2024-06-03T06:21:28","guid":{"rendered":"https:\/\/absoluteimmigration.com\/?p=51693"},"modified":"2024-06-03T17:02:50","modified_gmt":"2024-06-03T07:02:50","slug":"reminder-deadline-for-lmt","status":"publish","type":"post","link":"https:\/\/absoluteimmigration.com\/news\/reminder-deadline-for-lmt","title":{"rendered":"Reminder: deadline for LMT under current TSMIT\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"51693\" class=\"elementor elementor-51693\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20767a4a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20767a4a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db2069a\" data-id=\"db2069a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-75ea38c elementor-widget elementor-widget-heading\" data-id=\"75ea38c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.freepik.com\/premium-photo\/cheerful-businesswoman-talking-coworkers_205273647.htm#fromView=search&#038;page=1&#038;position=6&#038;uuid=a7310fcf-5068-458c-9558-da0ee18ede7c\" target=\"_blank\" rel=\"noopener\">Photo credit:@seventyfour<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d0621dd elementor-widget elementor-widget-text-editor\" data-id=\"4d0621dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW223713957 BCX8\">We take this opportunity to remind business sponsors of the need to apply now to <\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">commence<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\"> the required four weeks of advertising for Labour Market Testing (LMT). If you aim to meet the 30 June 2024 deadline for applications under the current Temporary Skilled Migration Income Threshold (TSMIT) of $<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">70,000<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">, <\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">it is crucial to sta<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">rt the L<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">MT process <\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">immediately<\/span><span class=\"NormalTextRun SCXW223713957 BCX8\">. As of 1 July 2024, the TSMIT will increase to $73,150<\/span><\/p><h4>\u00a0<\/h4><h4><span style=\"color: #ed7d31;\"><b>Why is this important?<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">The TSMIT is a crucial factor in the application process for temporary skilled visas. It sets the minimum salary that must be offered to a foreign worker to ensure they are not undercutting the local labour market. With the increase in TSMIT, businesses will need to offer higher salaries from 1 July 2024, which may affect their recruitment budgets and planning.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p><h4>\u00a0<\/h4><h4><span style=\"color: #ed7d31;\"><b>Key points to consider<\/b>\u00a0<\/span><\/h4><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Four weeks of advertising:<\/span><\/b><span data-contrast=\"none\"> to meet the Labour Market Testing requirements, businesses must advertise the job position for a minimum of four weeks (28 days). This period is essential to demonstrate that there are no suitable Australian workers available to fill the position.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:720,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Application deadline: <\/span><\/b><span data-contrast=\"none\">applications submitted on or before 30 June 2024 will still be assessed under the current TSMIT of $70,000. Submissions after this date will need to meet the new threshold of $73,150.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:720,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Strategic planning:<\/span><\/b><span data-contrast=\"none\"> if your business plans to sponsor overseas workers, under the current TSMIT, it is crucial to start the LMT process immediately. Delaying this could result in missing the 30 June deadline, potentially leading to higher wage costs under the new TSMIT.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li><\/ul><p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:720,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Start advertising now:<\/span><\/b><span data-contrast=\"none\"> begin the four-week advertising process immediately to ensure you meet the Labour Market Testing requirements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li><\/ul><h4>\u00a0<\/h4><h5><b><span data-contrast=\"none\">For more details, visit our <\/span><\/b><span style=\"color: #ed7d31;\"><a style=\"color: #ed7d31;\" href=\"https:\/\/absoluteimmigration.com\/news\/update-tsmit-rises-to-73150\/\"><b>2024 TSMIT article<\/b><\/a> <\/span><b><span data-contrast=\"none\">or contact our migration strategist at<\/span><\/b><span style=\"color: #ed7d31;\"> <a style=\"color: #ed7d31;\" href=\"mailto:aisupport@absoluteimmigration.com\"><b>aisupport@absoluteimmigration.com<\/b><\/a><\/span><b><span data-contrast=\"none\"><span style=\"color: #ed7d31;\">.<\/span> Our team of experts is here to help you navigate the complexities of the Labour Market Testing and TSMIT changes.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/h5>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Reminder: the TSMIT will increase from $70,000 to $73,150 on 1 July 2024. Lodge nominations by 30 June 2024 to meet the current threshold. <\/p>\n","protected":false},"author":5,"featured_media":51700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"content-type":"","footnotes":""},"categories":[19],"tags":[415,220,307,33,131],"class_list":["post-51693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","tag-business-sponsors","tag-compliance","tag-immigration-update","tag-skilled-migration","tag-tsmit"],"acf":[],"_links":{"self":[{"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/posts\/51693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/comments?post=51693"}],"version-history":[{"count":0,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/posts\/51693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/media\/51700"}],"wp:attachment":[{"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/media?parent=51693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/categories?post=51693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/absoluteimmigration.com\/wp-json\/wp\/v2\/tags?post=51693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}