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Important Update – Temporary Skilled Migration Income Threshold (TSMIT) Rises to $73,150
The TSMIT will increase from $70,000 to $73,150 from 1 July 2024, impacting new nomination applications and compliance requirements for employers.
From July 1, 2024, significant changes to the Temporary Skilled Migration Income Threshold (TSMIT) will come into effect, impacting Australian companies that sponsor overseas workers. Companies must update salary offers, Labour Market Testing (LMT) procedures accordingly, and review current TSS visa holders' salaries.
The Impacts of the 2024-25 Budget on Immigration
Following the Australian Government's 2024 Budget announcement, significant updates to migration policies include revisions to the Permanent Migration Programme, new visa categories, and reforms aimed at boosting system efficiency, integrity, and migrant services.
The Orana DAMA now includes 129 specific occupations across 53 local government areas, offering regional employers significant support to address skill shortages effectively.
The South Australia Designated Area Migration Agreements (DAMAs) have been extended and expanded, offering increased nomination places, added occupations, and concessions. This article explores the key updates and their implications for skilled migrants.
South Australia's DAMA endorsement pauses and invites employer registration for future skilled migrant sponsorship.
Andrew Giles MP, Minister for Immigration, led initiatives at the Law Council's Migration Conference to protect temporary visa holders from exploitation, emphasising legislative reforms and enforcement actions.
New Australian law criminalizes exploitation of temporary migrant workers, increases penalties & empowers them to report to authorities.
Australia's latest visa update, LIN 24/020, broadens 'Specified Work' definitions for visa holders, aiding disaster recovery efforts.
Fixed-term contracts limited to 2 years in Australia from Dec 6, 2023. Exceptions apply for specific work, high earners, & government roles. Employers must provide info statement to new employees.
Starting April 1, 2024, LIN 24/010 will oversee tech in Australia's migration, while LIN 24/009 reviews international student recruitment for tech transfer security.
Written by: Alex Kaufman As part of the Australia-United Kingdom Free Trade Agreement (AUKFTA), the Innovation and Early Careers Skills Exchange Pilot (IECSEP) provides