Exciting news for skilled migrants in Australia! The Albanese Government has announced significant changes to the Temporary Skilled Migration Income Threshold (TSMIT) and Temporary Skill Shortage (TSS) visa holders’ pathway to permanent residency.
Starting from July 1, the TSMIT will increase from $53,900 to $70,000, where it should have been if it had been properly indexed over the previous 10 years. This change will ensure that the skilled migration system in Australia is sustainable and robust, providing more opportunities for skilled migrants.
The Government’s response to the independent Review of the Migration System led by Dr Martin Parkinson also includes providing TSS short stream visa holders with a pathway to permanent residency within our existing capped permanent program by the end of 2023. This will offer employers and migrants more certainty and increase the skill level in our permanent skilled program.
These changes are a game-changer for the Australian migration system, and we are proud to be part of a Government that is committed to improving the lives of skilled migrants and supporting businesses in the country.
We welcome the Albanese Government’s action in response to the independent review of the migration system, which identified that Australia’s migration system is broken. These changes are a significant step towards fixing this issue, and we look forward to seeing the positive impact they will have on the country.
At a time when the world is facing unprecedented challenges, these reforms will help to attract and retain the skills Australia needs to drive our economic recovery and growth.
We believe that the Albanese Government’s migration system reforms are a passport to progress for skilled migrants and businesses in Australia. We are excited about the opportunities they will bring and look forward to working with the Government to ensure their successful implementation.