Temporary Skilled Migration Income Threshold to increase 1 July 2023 & Subclass 482 Transition to Permanent Residency Update!
Temporary Skilled Migration Threshold Increase:
The government has announced that they will increase the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000 from 1 July 2023.
All new nominations lodged ON or AFTER this date will be required to meet the new TSMIT of $70,000 or the annual market salary rate which is higher. Applications lodged before 1 July 2023 will NOT be affected. For further information, please visit: https://minister.homeaffairs.gov.au/ClareONeil/Pages/temporary-skilled-migration-income-threshold-raised.aspx
Subclass 482 Transition to Permanent Residency:
The Temporary Residence Transition (TRT) Stream of the Subclass 186 employer sponsored visa, will be available for ALL 482 TSS visa holders!!!
⭐ Applicants will need to continue to work in their nominated occupation and occupations will NOT be limited to only the Medium and Long Term Skilled Occupation List.
⭐Applicants will be eligible after 2 years of employment on their 482 visa, reduced from 3 years.
⭐ All other nomination and visa requirements of the TRT stream of the Employer Nomination Scheme will need to be met.
⭐ The limit on the number of short term stream TSS visa applications will be removed to facilitate the transition.