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457 Visas - TSMIT Review comped


TeeTMI

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The DIBP have released their review of TSMIT (Temporary Skilled Migration Income Threshold) within the 457 visa scheme. It appears this is unlikely to change dramatically - but is likely to increase on the 1st July 2017 in line with the Wage Price Index  (for new 457 visa applications)

 

Re: TSMIT Recommendations made
- it should be retained as a single figure
- it should continue to be set at $53,900
- since it has not been adjusted after July 2013, it should be annually indexed as of July 2016
- it should be indexed according to the seasonally adjusted Wage Price Index
For full report: https://www.border.gov.au/…/reviews…/tsmit_review_report.pdf

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