Raising the Temporary Skilled Migration Income Threshold
From 1 July 2024, the TSMIT will increase from $70,000 to $73,150. New nomination applications from this date will need to meet the new TSMIT of $73,150 or the annual market salary rate, whichever is higher.
This change will not affect existing visa holders and nominations lodged before 1 July 2024.
These changes are in line with the Government’s commitment at the Jobs and Skills Summit in September 2022.
More information
More information will be made available on future income thresholds and indexation methodology, including for the new Skills in Demand Visa, once finally determined later in 2024.
Updates regarding these changes will be published on the Department of Home Affairs website. Check the website regularly for more information.