Australia

Details

  • Service: Private Enterprise, Private Companies, Immigration Services
  • Type: Business and industry issue, Regulatory update
  • Date: 12/06/2014

Subclass 457 visas: End of financial year considerations 

Are you prepared for end of financial year?

As the end of the financial year is approaching, this is a good opportunity for your business to review possible immigration changes that may impact your business.

Key areas of focus

 

  • An increase in the Temporary Skilled Migration Income Threshold (TSMIT).
  • An increase in the Superannuation Guarantee Levy from 9.25 percent to 9.5 percent.
  • Consideration of potential notifiable events to the immigration department triggered by promotions occurring 1 July.
  • A likely increase in immigration department visa application charges and/or immigration regulation or process changes.

 

 

This factsheet provides more information on these issues.

 

 

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