In order to allow passage of the China free-trade agreement, the Coaltion government is considering Labor’s compromise proposals, one of which requires that that the income threshold for sc457 workers is increased from the current levels.
Labor has proposed an increase in the TSMIT under 457 scheme from a market rate of $53,900 to $57,000.
The proposal goes directly against the sc457 review committee’s recommendation that the TSMIT is frozen at $53,900 as well as DIBP figures showing that current average wages in the key industry sectors where sc457 workers are hired are well below Labor’s proposal.
If accepted, Labor’s compromise plan for passage of the China free-trade agreement would knock out more than one quarter of this year’s 457 visa program and price some regional areas out of the scheme, according to a report in The Australian.
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