Possible Increase in 457 Income Threshold for 457 Visa Nominations?
Written By Will Aldous
Tue, Jun 10, 2014
Approximately 3 times of the year, the Department of Immigration introduces legislative changes affecting many visa classes. These changes generally occur each April, July and November respectively. Often the 457 visa is affected by such changes.
The Temporary Migration Income Threshold (TSMIT), which applies to nominations of 457 visa applicants, is currently indexed and rises periodically. Currently, the TSMIT is set at $53,900. There is a reasonable probability that the affect of current indexation will see a rise in the TSMIT come the 1 July legislative changes.
Accordingly, we would encourage any Australian Employer Sponsor, considering nominating an overseas person for a 457 visa, to do so as soon as possible, so as to avoid any possible increase in TSMIT.
Should you have any questions, please do not hesitate to contact one of our Registered Migration Consultants at TSS.
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