TSMIT increase and expanded pathways to permanent residence

The Government released further information on 5th May regarding the Review of the Migration Program undertaken.

The following has been included on the Department of Home Affairs Website.

TSMIT increase

The following has been included on the Department of Home Affairs Website.

TSMIT will increase from $53,900 to $70,000 on 1 July 2023.

New nominations lodged on 1 July 2023 or after, will be required to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.

This change will not affect existing visa holders and approved nominations lodged before 1 July 2023.

Expanded pathways to permanent residence

By the end of 2023, the Temporary Residence Transition (TRT) stream of the Employer Nomination Scheme SC 186 will be amended.

Occupations will not be limited to the Medium and Long-term Strategic Skills List (MLTSSL).

• Sponsored visa holders will be eligible for ENS TRT after two years (down from three years) of sponsorship on a TSS by their employer.

• Applicants will need to meet all other nomination and visa requirements for the TRT stream of the Employer Nomination Scheme visa.

The limit on Short Term stream TSS visa applications that can be made onshore has also been removed in the interim.

The Government has advised these changes will provide more equitable access to permanent residence and also provide more certainty to TSS visa holders and their employers about the permanent residence pathways available. Employers will be able to alleviate skills shortages by ensuring a permanent employer-sponsored pathway is available for a wider range of occupations.

It is important to note that this information has been released; however, the legislative framework supporting these changes is not yet available.

Until the legislative framework is available, we will not be able to advise with respect to individual circumstances and eligibility.

Speak to one of our experienced Registered Migration Agents today.

Disclaimer: The information provided herein is of a general nature only and does not constitute immigration advice. For more detailed and case-specific information or advice, please contact SCA Connect.