Increase in the Temporary Skilled Migration Income Threshold (TSMIT) to $73,150

TSMIT increase - 1 July 2024

In line with the Government's commitment made at the Jobs and Skills Summit in 2022 and the Migration Strategy announced last year, the Department has declared that the TSMIT will rise from $70,000 to $73,150 effective 1 July 2024. New nomination applications submitted from this date must meet the new TSMIT or the annual market salary rate, whichever is higher. However, if the market salary is below TSMIT, an application cannot be submitted for that position. This adjustment will not impact current visa holders or nominations submitted before 1 July 2024. The Department has also confirmed that additional details regarding future income thresholds and indexation methods, including for the new Skills in Demand visa, will be released later in 2024. The MIA will promptly update members with any further information regarding these changes.