The Australian Government has announced the increase of the Temporary Skilled Migration Income Threshold (TSMIT) to $70,000.00 (previously $53,9000.00) effective 1 July 2023. Source: Media Release / https://minister.homeaffairs.gov.au/ClareONeil/Pages/

New nomination applications lodged with the Department of Home Affairs from​ this date will need to meet the new TSMIT of $70,000 or the annual market salary rate, whichever is higher.

The change will not affect existing visa holders and nominations lodged before 1 July 2023.