From 1 July 2024 the TSMIT will increase from the current rate of $70,000 to $73,150.
This TSMIT increase affects the following visas:
- Subclass 482 Temporary Skills Shortage (TSS) visa
- Subclass 186 Employer Nomination Scheme visa – Direct Entry stream only
- Subclass 494 Employer Sponsored Regional visa
Nomination applications lodged after 1 July 2024 will need to meet the new TSMIT of $73,150, or the annual market salary rate, whichever is higher.
Existing visa holders and nominations lodged before 1 July 2024 are not affected.
If you would like to know more about how the TSMIT increase will affect you, speak with the immigration experts at KU Legal:
+61 (0) 429 133 911
Disclaimer: Changes to the Australian migration program can occur without notice. The above information is not intended to be legal advice and is correct as of the date of publication.
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