TSMIT raised from $53,900 to $70,000 and new PATHWAY to permanent residence

The Albanese Government has announced a significant increase in the Temporary Skilled Migration Income Threshold (TSMIT) from $53,900 to $70,000 effective July 1, 2023. This is the first increase in a decade and brings the TSMIT in line with where it should have been if it had been properly indexed over the last 10 years.

In addition to this, the Albanese Government has announced that Temporary Skill Shortage (TSS) short stream visa holders will have a pathway to permanent residency within the existing capped permanent program by the end of 2023.

As Minister for Home Affairs and Cyber Security, Clare O’Neil stated, “Our migration success story is rooted in permanency and citizenship. Giving people the chance to get established in their community, educate their kids, and become Australian.”

The Minister for Immigration, Citizenship, and Multicultural Affairs, Andrew Giles, has highlighted that this increase is long overdue and will ensure a fairer system for both migrant and Australian workers.