Following on from the Dealer Bulletin released on 28 April 2023 regarding the recent review of Australia’s migration system and key initiatives announced as part of that review. The Department of Home Affairs has updated its website to provide further information on these initiatives.
Raising the Temporary Skilled Migration Income Threshold (TSMIT)
From 1 July 2023, the TSMIT will increase from $53,900 to $70,000. New nomination applications after this date will need to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.
This change will not affect existing visa holders and approved nominations lodged before 1 July 2023.
Expanded Pathways to Permanent Residence
By the end of 2023, the Temporary Residence Transition (TRT) stream of the Employer Nomination Scheme (subclass 186) visa will be available. This stream is for all Temporary Skill Shortage (TSS) visa holders whose employers wish to sponsor them.
The AADA understands that wait times for Temporary Skilled Migration Visas have significantly improved over the last months, however, in some cases, they are being held up by skills assessments. The AADA will seek to highlight this issue with the Department and keep members updated.
You can find more information on the recent changes at the Department of Home Affairs website.