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Australia 482 job holder pay increase

Australia 482 Visa Holders To Get A ‘Pay rise’

The Australian government has announced an increase in the Temporary Skilled Migration Income Threshold (TSMIT) from 70,000 Australian dollars to AU$73,150 (approximately US$48,600), effective July 1. This adjustment aims to enhance the conditions for skilled migration, supporting higher productivity and wage growth.

Key Points:

  1. New Nomination Applications:
    • New nominations must meet the higher of either the new TSMIT or the annual market salary rate.
  2. Existing Visa Holders:
    • Current visa holders and nominations filed before July 1 are not impacted by the change.
  3. Pending Legislation:
    • Further details will be provided upon the release of the legislation.

Additional Information:

  • Employers must ensure the nominated occupation’s annual market salary rate and the guaranteed annual earnings meet or exceed the TSMIT, exclusive of non-monetary benefits.

482Jobs Analysis:

  • Announced at the Jobs and Skills Summit in September 2022, this increase is designed to optimize migration settings, fostering improved productivity and wages.
  • Employers nominating workers for visa subclasses 482, 494, 186, and 187 must comply with the updated requirements.

We’d love to hear your thoughts on the recent increase in the Temporary Skilled Migration Income Threshold.

How do you think this change will impact skilled migration and the job market in Australia?

Share your perspectives and join the conversation in the comments below!

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