The skilled migration program remains focused on its objective of attracting skilled migrants who complement the skills of the Australian workforce.
The Government will increase the Temporary Skilled Migration Income Threshold from the current rate of $53,900 to $70,000 from 1 July 2023. This reflects the level it would have reached if it was indexed to wages when it was last adjusted 10 years ago. Resetting the income threshold will ensure that the skilled migration program remains focused on its objective of attracting skilled migrants who complement the skills of the Australian workforce. This measure is estimated to decrease receipts by $100.0 million and result in a negligible impact on GST payments to the states and territories over the 5 years from 2022-23. This measure meets the Government's election commitment as published in the Plan for a Better Future, and outcomes from the Jobs and Skills Summit. Home Affairs |