Following the Government’s commitment at the Jobs and Skills Summit in 2022 and the announcement in the Migration Strategy last year, the Department has announced that the TSMIT will increase from $70,000 to $73,150 effective from 1 July 2024.
New employer sponsored nomination applications that are lodged on and after 1 July 2024 will need to meet the new TSMIT or the annual market salary rate, whichever is higher. This change will not affect existing visa holders and nominations lodged prior to 1 July 2024.
