482 visa update: TSMIT to increase on 1 July
From 1 July 2023, the Temporary Skilled Migration Income Threshold (TSMIT) will increase to $70,000.
The TSMIT is the minimum annual wage a 482 visa holder can be paid. Since 2013, the TSMIT has been $53,900.
By raising the TSMIT to an acceptable market rate, it protects against undermining the Australian workforce. It’s hoped that increasing the TSMIT will encourage Australians to take up local jobs.
Are you interested in employer sponsorship? Learn about the 482 visa on our dedicated webpage.