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11 January 2016

Australia's free trade deal supports review of income threshold for subclass 457 visas

A review of the Temporary Skilled Migration Income Threshold (TSMIT) was announced on December 23, 2015. This review has been anticipated for some time following the report of the Independent Review into the integrity of the subclass 457 visa program. A report is to be handed to government by the end of April 2016. The TSMIT will be retained at the current level of A$53,900 until the government responds to the findings of the review.

A Tax Alert prepared by Ernst & Young's Human Capital Group, and attached below, provides additional details.

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Document ID: 2016-0059

 

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