The period for public submissions in relation to the template Labour Agreement proposed for the tourism and hospitality industry has now closed.
The Temporary Skilled Migration Income Threshold known as TSMIT (which is essentially the base salary ‘floor’ above which 457 visa holders must be paid) rose on 1 July 2012 from $49,330 to $51,200. This is an increase of 4.2%.
Employers who are 457 visa sponsors must comply with the training obligation. This requires the employer to choose which one of the two Training Benchmarks they wish to comply throughout the period of the 457 visa sponsorship. Importantly, this is not a ‘one-off’ obligation - but one that must be meet annually.
Temporary Business (Long Stay) Visa Subclass 457 is the name for what is commonly known as a 457 Visa.
The convenience of being able to access the global labour market, when skills shortages exist in Australia, comes with sponsorship obligations for sponsors.
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