Temporary Skilled Migration Income Threshold to increase to $70,000 from 1 July 2023

The Minister for Home Affairs, the Hon. Clare O'Neil's appeared at the National Press Club last week to announce the release of the 'Review of the Migration System' chaired by Martin Parksinon AC PSM and the related Labour Government's 'Outline of the Government's Migration Strategy' position paper. Following the speech, the Minister has issued a press release confirming that the Temporary Skilled Migration Income Threshold (TSMIT) will increase to $70,000 from 1 July this year.

In the press release, the Minister's statements reflect that that indexation of the TSMIT was paused under the previous Liberal National government and the $70,000 is largely consistent with where the threshold would be had the figure been indexed over the last decade. Minister for Immigration, the Hon Andrew Giles MP, states that the rise is a step towards greater fairness in the temporary work visa program which will also have impacts for Australian workers.