What is the Temporary Skilled Migration Income Threshold – currently $47 480 per annum?
The Temporary Skilled Migration Income Threshold (TSMIT) is intended to ensure that all Subclass 457 visa holders have sufficient income so that they can independently provide for themselves in Australia. It was increased by 5 per cent on 1 July 2010 from $45 220 to $47 480 which means that the higher amount applies to all nominations lodged on or after 1 July 2010. The TSMIT will also help ensure that Subclass 457 visa holders do not impose undue costs on the Australian community or find themselves in circumstances which may put pressure on them to breach their visa conditions. This is particularly important given these workers do not have access to a range of government support available to Australian citizens and permanent residents. All applicants for the Subclass 457 visa must be able to support themselves when in Australia. Unlike their Australian counterparts, overseas workers on low incomes do not have access to concessions or tax transfer schemes. Nominations will not normally
