Budget reveals levy on businesses sponsoring on the new TSS
visa
The budget announced yesterday has revealed plans to impose a
levy to raise $1.2billion from businesses looking to sponsor
overseas employees under the new Temporary Skill Shortage
('TSS') visa. The TSS visa will replace the highly
politicised 457 program in March 2018.
Businesses will incur a levy of either $1200 or $1800 per year
per sponsored temporary employee, depending on the turnover of the
business. Over the course of 4 years (the maximum duration a TSS
visa can be granted for) businesses can expect to fork out $4800 or
$7200 for each of their sponsored TSS visa holders. These fees are
in addition to the upfront costs of lodging a Standard Business
Sponsorship and Business Nomination, the first two steps of the
employer sponsorship program, as well as any professional fees for
immigration lawyers or agents.
