Skilling Australians Fund commences 12 August 2018
Skilling Australians Fund – new legislation comes into force
The Migration Amendment (Skilling Australians Fund) Charge Act is going to commence on 12 August 2018.
The legislation, the Migration Amendment (Skilling Australians Fund) Charges Bill 2017, that introduced changes to the “training contributions” for the employers who sponsor skill workers passed both houses of Parliament on 8 May 2018 . This Act of the Australian Parliament was waiting for Royal Assent before coming into force. This will happen on 12 August 2018.
Charges payable to vary depending upon business turnover
Temporary visa charges
The Act imposes the charge payable under section 140ZM of the Migration Act 1958. All nominations made from 12 August 2018 that relates to temporary visas incur charges of:
- $1200 per year of the proposed visa period for businesses with annual turnover of less than $10 million, or
- $1800 per year of the proposed visa period for businesses with an annual turnover of at least $10 million.
Permanent visa charges
Nominations that relate to permanent visas subclasses 186 and 187 incur a once only charge of:
- $3000 for businesses with an annual turnover of less than $10 million, or
- $5000 for businesses with an annual turnover of at least $10 million.
For further information regarding the new Act and its application to you or your business or any other migration query please contact our dedicated Migration Law team on 07 5597 3366 or by email to email@example.com.
This article is general information only and is not legal advice nor should it be taken to be. To obtain legal advice specific to your circumstances please contact Bell Legal Group on 07 5597 3366 or by email to firstname.lastname@example.org