What is the minimum salary required for a Subclass 494 visa?

What is the minimum salary required for a Subclass 494 visa?

There is no minimum salary requirement for a Subclass 494 visa holder. However, the Australian employer must pay the skilled worker a minimum average annual salary of $70,000. Through the Skilled Employer Sponsored Regional (Provisional) visa, Australian employers from designated regional areas can hire skilled foreign workers to live and work in regional Australian areas facing labor shortages. To sponsor a skilled worker, the Australian employer must be situated in a designated regional area and must be approved by the Regional Certifying Body (RCB).
 

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Income requirements for a Subclass 494 visa

Australian employers in designated regional areas must pay the Subclass 494 visa holders an average annual salary equivalent to and more than the Temporary Skilled Migration Income Threshold (TSMIT), which is currently set at AUD 70,000, along with the superannuation. Employers must also pay the Skilling Australia Fund (SAF) levy to the Subclass 494 visa holders. The SAF is set at $3,000 per nominated worker if their business has an overall annual turnover of under $10 million and $5,000 for those with a turnover of over $10 million.
 

Also, read…

Is there an age limit to apply for the subclass 494 visa?
 

What are the employer requirements for a 494 visa?

The requirements that the employer must fulfill to sponsor a 494 visa are as follows:

• The sponsor must be approved by the Regional Certifying Body (RCB) for sponsorship.
• Offer a job that is listed on the occupation relevant occupations list.
• The job offered by the employer must be in a regional Australian area.
• Pay the Subclass 494 visa holder a minimum annual salary of AUID 70,000 as per the market standards.
• Have completed a Labour Market Test as proof that ethe4re are no Australian PR holders or citizens available to fil up the vacant job role
• Evidence that the business in the designated regional area in Australia is legally operated
• Must pay the visa holder the SAF levy, that is, $3,000 if the annual business turnover is under $10 million and $5,000 if the business turnover is over $10 million.

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