Attention all TSS visa holders and employers! From 1 July 2023, the Temporary Skilled Migration Income Threshold (TSMIT) will increase from $53,900 to $70,000.
This means that 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. However, if you’ve already lodged your application before 1 July 2023, you won’t be affected by the TSMIT increase.
Good news for TSS applicants who are looking for permanent residency pathway!
By the end of 2023, amendments will be made to the Temporary Residence Transition (TRT) stream of the Employer Nomination Scheme (subclass 186) visa. Nominated Occupations will no longer be limited to the Medium and Long-term Strategic Skills List which means more temporary skilled workers will now have the opportunity to apply for permanent residency in Australia. To be eligible for the TRT stream, applicants will need to continue working in the occupation they were nominated for under their TSS visa, and the required period of employment with their sponsoring employer has been reduced from three years to two years.
Additionally, they must meet all other nomination and visa requirements for the TRT stream. The limit on Short Term stream TSS visa applications that can be made onshore has also been removed in the interim.
These changes in the visa system will lead to more balanced and fair opportunities for attaining permanent residency for TSS visa holders. The expansion of permanent employer-sponsored pathways to a wider range of occupations will assist employers in alleviating the skills shortages in the Australian labour market.
Looking to learn more about the recent updates on TSS visas? Contact us and we’ll be happy to help.