As expected, the Australian Government has just announced that as of 1 July 2024 the TSMIT (Temporary Skills Minimum Income Threshold) will increase from $70,000 to $73,150 effective from 1 July 2024.
Important information to note is:
- new nomination applications that are lodged from 1 July 2024 will need to meet the new TSMIT. If the market salary is less than TSMIT, an application cannot be lodged for that position.
- This increase will not affect existing visa holders and nominations lodged prior to 1 July 2024.
The team at Visa Executive will ensure that applications on hand that currently meet the $70,000 TSMIT will be lodged before 1 July.
If you are currently considering sponsorship of a potential candidate who will earn $70,000 and not the new TSMIT of $73,150 please contact your VE representative asap.
