In a pamphlet, the Dept. of Home Affairs has uncovered the assessable pay and least compensation limit for the new Subclass 494 Visa. It has additionally given subtleties to the Subclass 191 (Permanent Residency Skilled Regional) Visa.
The TSMIT (Temporary Skilled Migration Income Threshold) for both the visas will be $53,900 every year.
In any case, Subclass 494 Regional Visa holders must know that there is a base pay part for this visa. A business needs to meet the base pay prerequisite before they can assign an abroad laborer for the visa. Concessions will apply just if the specialist is being supported under a DAMA (Designated Area Migration Agreement) or a 494 Labor Agreement.
For the Subclass 191 PR Visa, Subclass 494 and 491 holders should meet a base assessable pay edge every year.
The TSMIT has been a limit for a few visas in Australia:
- Subclass 186-Employer Nomination Scheme
- Subclass 187-Regional Sponsored Migration Scheme
- Subclass 189-Skilled Independent Visa (New Zealand stream)
- Subclass 191-Permanent Residence (Skilled Regional)
- Subclass 494-Skilled Employer-Sponsored Regional Provisional
- Subclass 482-Temporary Skills Shortage
The Dept. of Home Affairs pamphlet additionally expressed that Regional Visas of Australia will appreciate need handling.