If your business currently sponsors 457 workers, it is likely that your workers will be wanting to apply for Permanent Residency in the future.
Skilling Australians Fund Levy – Commencing March 2018
- $3,000 per applicant for small businesses (Turnover less than $10 million)
- $5,000 per applicant for other businesses (Turnover over $10 million)
This levy will apply to Transitional applications (your 457 visa holders who have been working for you for more than two years) and Direct Entry applications (457 visa holders who have been working for you for less than two years, or new employees)
This levy must be paid by the employer
ENS & RSMS TSMIT Requirement – Commencing March 2018
Apply before March 2018 and avoid paying levy & TSMIT
If your 457 workers have been sponsored by your business for more than 2 years, the may be eligible to apply for Permanent Residency through the Transitional Stream.
If your 457 workers have been sponsored by your business for less than two years, they still may be able to apply for permanent residency through the Direct Entry Stream before these changes are introduced in March 2018.
For more information about these changes, contact our immigration experts at Australian Skilled Migration, or call us on 03 9614 0586