Does the new market salary rates requirement apply to existing visa holders?
There are transitional arrangements that apply in relation to existing visa holders. Until 1 January 2010, your sponsor must continue to ensure that Subclass 457 visa holders’ base rate of pay is not less than the prescribed salary levels, especially where the market salary rate would otherwise be below the MSL. There are five such levels. • $81 040 for Subclass 457 visa holders who benefit from the English language exemption • $55 725 for Subclass 457 visa holders working in Information and Communication Technology (ICT) occupations who were granted their visa under certified regional employment arrangements • $61 920 for all other Subclass 457 visa holders working in ICT occupations • $40 705 for all other Subclass 457 visa holders who were granted visas under certified regional employment arrangements • $45 220 for all other Subclass 457 visa holders. From 1 January 2010 your sponsor will be required to pay market salary rates.
