In today’s blog update. We’ll be taking a look at:
- 482; 494 and 186 visas TSMIT up 4.5% to $73,150 from 1 July 2024
- Master’s by research and doctoral graduates survival of visa age cut.
- Subclass 189 invitation woes.
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2024 Adjustments in TSMIT for 482, 494, and 186 Visas
The new fiscal year brings important updates for Australian immigration, particularly concerning the Temporary Skilled Migration Income Threshold (TSMIT). Set to increase by 4.5% to $73,150 from 1 July 2024, this adjustment affects employer-sponsored visas such as the subclass 482 Temporary Skill Shortage, subclass 494 Skilled Employer Sponsored Regional (Provisional), and subclass 186 Employer Nomination Scheme visas. This change ensures nominated overseas workers are paid no less than the TSMIT, safeguarding their financial stability in Australia.
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Graduate Visa Changes Impacting Master’s and Doctoral Degree Holders
Significant reforms to the subclass 485 Temporary Graduate visa will take effect from 1 July 2024. These include renaming the Graduate Work stream to the Post-Vocational Education Work stream and the Post-Study Work stream to the Post-Higher Education Work stream, aiming for clearer categorization. Notably, master by research and doctoral graduates will continue to enjoy an age cut exemption, remaining eligible under the age of 50 years. These changes reflect an intent to streamline the visa process and align educational qualifications with visa eligibility more transparently.
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Implications for the 189 Visa and the Shift Towards Employer-Sponsored Visas
The 2024-25 planning levels indicate a strategic shift in immigration, with employer-sponsored visas like the 186 visa seeing an increase in allocations by nearly 20%. Conversely, the subclass 189 Skilled – Independent visa has seen a significant reduction, underscoring a move towards visas that are tied to specific employment opportunities and economic needs. This trend suggests a focus on harnessing skilled labor that directly contributes to the Australian economy through targeted employment.
These updates highlight Australia’s ongoing adjustments to its immigration policies, ensuring they meet the country’s labor market demands while providing clear pathways for skilled workers and graduates to contribute to its diverse landscape.
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