The Temporary Skilled Migration Income Threshold (TSMIT) is being raised to $73,000, with new legislation introduced to index the TSMIT, ensuring fair wage growth after a decade freeze.
A new bill, the Migration Amendment (Strengthening Sponsorship and Nomination Processes) Bill 2024, has been introduced to Parliament. This bill aims to prevent the visa system from undercutting the Australian labour market and to provide better rights for workers.
After a 10-year freeze on wages, the new bill ensures that wage growth cannot be suppressed by future governments, fostering wage growth for all workers, both Australian and migrant.
Raising the TSMIT is part of the efforts to bring migration back to sustainable levels.
The bill also establishes a register of approved work sponsors, building on the agenda of stamping out the exploitation of workers due to their visa status and clamping down on businesses that engage in wrongdoing.
This register will offer greater protections for workers, help tackle the misuse of the visa system, and deliver a more prosperous, fair, and secure migration system that works in the national interest.
Minister for Immigration, Citizenship and Multicultural Affairs, the Hon Andrew Giles said on Friday that the “The Albanese Labor Government continues to clean up the mess left by Peter Dutton and the Liberals, today taking a key step towards a fairer migration system for all Australians.”
“After a decade of deliberate wage suppression by the Liberals, we’re delivering fairer wages for all.”
“Australians have seen the extraordinary exploitation of the visa system under the Liberals, and the approved sponsors register is a key step in turning the page on Peter Dutton’s shameful decade.”
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