Australia Immigration News: Increase in the Temporary Skilled Migration Income Threshold (TSMIT) to $73,150

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​​​​​Raising the Temporary Skilled Migration Income Threshold (TSMIT)

From 1 July 2024, the TSMIT will increase from $70,000 to $73,150. New nomination applications from this date will need to meet the new TSMIT of $73,150 or the annual market salary rate, whichever is higher.

This change will not affect existing visa holders and nominations lodged before 1 July 2024.

These changes are in line with the Government’s commitment at the Jobs and Skills Summit in September 2022.