2. Increase in the Temporary Skilled Migration Income Threshold (TSMIT) to $73,150
To be eligible for the 482 visa, your nominating employer must pay you at or above the TSMIT value or the average annual market salary rate if it is above TSMIT.
On 28 May 2024, the government announced that it would be increasing the TSMIT value from $70,000 to $73,150. This increase took effect from 1 July 2024. Moving forward, the government has announced that the Temporary Skilled Migration Income Threshold (TSMIT) will be reviewed and adjusted annually, resulting in yearly changes.
Accordingly, if your employer is planning to lodge your nominations for the new Skills in Demand visa SC 482 visa, you should ensure that your annual salary would meet the new TSMIT value of $73,150.