On April 27, 2023, the Honorable Clare O’Neil MP, Minister for Home Affairs, announced a rise in the Temporary Skilled Migration Income Threshold (TSMIT) and the expansion of permanent residence pathways for temporary skilled visa holders sponsored by employers.
Please refer to the National Press Club address for more details.
Increasing the Temporary Skilled Migration Income Threshold Starting July 1, 2023, the TSMIT will be raised from $53,900 to $70,000. New nomination applications submitted after this date must meet the updated TSMIT of $70,000 or the yearly market salary rate, whichever is greater.
Current visa holders and approved nominations submitted before July 1, 2023, will not be affected by this change.
Widening Paths to Permanent Residency By the end of 2023, the Temporary Residence Transition (TRT) stream under the Employer Nomination Scheme (subclass 186) visa will become available to all Temporary Skill Shortage (TSS) visa holders whose employers want to sponsor them.
Applicants must continue working in the occupation specified in their TSS visa(s), but occupations will not be restricted to the Medium and Long-term Strategic Skills List (MLTSSL). The eligibility requirement for the TRT stream will be reduced from three years to two years of employment with the sponsoring employer. Applicants must also meet all other nomination and visa requirements for the TRT stream of the Employer Nomination Scheme visa.
As a temporary measure to help those currently in Australia who would typically need to leave the country to submit additional visa applications, the government is removing limits on the number of Short-term stream TSS visa applications that visa holders can make within Australia.
These modifications align with the government’s commitment during the Jobs and Skills Summit in September 2022 to broaden permanent residence pathways for sponsored temporary skilled workers. The changes will ensure fairer access to permanent residency and increased certainty for TSS visa holders and their employers regarding available permanent residence pathways. Employers can address skills shortages by providing a permanent employer-sponsored pathway for a broader range of occupations.
To find out more if your occupation qualifies or what criteria you will need to meet, we are happy to arrange a consultation with you and your employer to discuss options.