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Migration (IMMI 18/033: Specification of Income Threshold and Annual Earnings and Methodology of Annual Market Salary Rate) Amendment (LIN 24/052) Instrument 2024

Effective 1 July 2024, the Australian Government has introduced the Migration (IMMI 18/033: Specification of Income Threshold and Annual Earnings and Methodology of Annual Market Salary Rate) Amendment (LIN 24/052) Instrument 2024. This regulation increases the Temporary Skilled Migration Income Threshold (TSMIT) from $70,000 to $73,150. This change ensures that skilled migrant workers are sufficiently supported and protected from exploitation while in Australia.

Key Details:

  • Commencement Date: 1 July 2024
  • New TSMIT Amount: $73,150
  • Purpose: To align the TSMIT with the annual Average Weekly Ordinary Times Earnings (AWOTE) figure of November 2023, reflecting a 4.5% increase.
  • Applicability: Applies to all new nominations lodged on or after 1 July 2024. Nominations lodged before this date will be assessed against the previous TSMIT amount in force at the time of lodgement.

Consultation and Impact:

  • Extensive consultations were held with stakeholders, including government departments and the Ministerial Advisory Council on Skilled Migration (MACSM).
  • The increase aims to ensure fair remuneration and adequate living standards for skilled migrant workers, in line with international human rights commitments.

This adjustment is part of ongoing efforts to maintain the integrity and intent of Australia's skilled visa program. For more details and to ensure compliance, visit our website.

Source: LIN24052.pdf and LIN24052-Explanatory-Statement.pdf

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