Australia increased Temporary Skilled Income Threshold to $70,000 and expanded TR to PR pathways

Highlights: The Temporary Skilled Income Threshold increased to $70,000

• The Australian TSMIT will be increased from $53,900 to $70,000 from 1 July 2023.
• However, this will not affect the existing nominations and visa holders registered before this date.
• The TRT stream will now be opened for all the TSS visa holders whose employers are willing to sponsor them.
• The TRT stream’s eligibility to be lowered to two years of employment with the sponsoring employer.

*Want to apply for an Australia PR? Check your eligibility in the Australia Skilled Immigration Points Calculator

Increase in the Temporary Skilled Migration Income Threshold

The Australian Temporary Skilled Migration Income Threshold (TSMIT) will be increased from $53,900 to $70,000 from July 1, 2023. The new applications for nomination under this program after this date, must meet the new income threshold of $70,000 or the yearly market salary rate, whichever is higher.

However, this will not affect the nominations and visa holders registered before the date.

*Searching for jobs in Australia? Avail Y-Axis job search services to find the right one.

Expanded TR to PR pathways

One of the streams of the Employer Nomination Scheme (subclass 186) visa, The Temporary Residence Transition (TRT) stream, will now be opened for all the holders of the Temporary Skill Shortage (TSS) visa. These are the visa holders with employers willing to sponsor them.

The Australian government announced that all the applicants need to carry on working in the TSS visa occupations. Still, these occupations will not be listed to the government's Medium and Long-term Strategic Skills List (MLTSSL).

Lowering the Eligibility for the TRT stream

The government has also committed to lowering the TRT stream’s eligibility for employment years with the sponsoring employer to two years from three years. However, the stream applicants must meet the requirements for the nomination and the visa.

The Australian government will also be removing the ceiling on the number of Short-term stream TSS visa applications made in the country.

Need step-by-step guidance to apply for Australia PR visa? Talk to Y-Axis, the leading Overseas Immigration Consultant.
For recent Canada immigration updates, follow Y-Axis Australia Immigration Updates page  

Read more...

Changes in Australia’s Immigration Policy: New Visas and Regulations for 2023-24

1,800 Indian chefs and yoga instructors to receive 4-year visas under the Australia-India treaty

‘Indian Degrees will be recognized in Australia,’ Anthony Albanese