All 457 visa holders are subject to a minimum income threshold. This is called a ‘market rate’ based minimum salary.
For visa holders this means:
- the terms and conditions offered must be no less favourable to those provided to an Australian worker (performing equivalent work in the same workplace and location), and
- the base rate of pay will be at least equivalent to the temporary skilled migration income threshold (TSMIT)
The base rate of pay does not include:
- incentive payments
- allowances, or
- overtime or penalty rates
As at 1 July 2015 the TSMIT is $53,900. This rate will increase in line with CPI.