Australian Immigration Daily News

The amendments made by this instrument implement a commitment made before the 2022 federal election. The lifting of the TSMIT from $53,900 to $70,000 is the amount the TSMIT would have been, had it been indexed annually since 2013.

The increase in the TSMIT is in line with the Government’s policy intention, to ensure skilled migrant workers are able to sufficiently support themselves while in Australia and to provide a safeguard against exploitation.

This instrument will also insert an application provision to ensure nomination applications lodged prior to 1 July 2023 but not finally determined will continue to be assessed against the TSMIT of $53,900.

Source: LIN23045.pdf and LIN23045-Explanatory-Statement.pdf