TSMIT Increase – MAY 2023 UPDATE

On 5 May 2023, Home Affairs posted further information on TSMIT and ENS TRT on its News and Media page.

At this stage, this is all the information that has been released and not set in law.

TSMIT increase

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

New nominations lodged ON or AFTER that date will be required to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.

Applications lodged BEFORE 1 July 2023 will not be affected.

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.

• All Temporary Skill Shortage (TSS) SC 482 visa holders will be eligible for ENS visas sponsored by their employers.
• Applicants will need to continue to work in the occupation nominated for their TSS visa(s).
• 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.