News in from the guys at the Department of Immigration (immi) that from the 1st August minimum Salary Levels under Subclass 457 program are to increase.
The 457 Visa is the most commonly used program for employers to sponsor overseas workers to work in Australia on a temporary basis (3 months to 4 years). There are also special arrangements for employers in regional areas across Australia.
On 1 August 2008 a new Legislative Instrument (Gazette Notice) was issued, increasing the Minimum Salary Level (MSL) by 3.8 per cent.
This instrument applies not only to new sponsored worker visa applicants, but to all sponsored workers.
This means that the formula for calculating the MSL will apply to every sponsored worker who is paid in accordance with an MSL.
See the attached PDF on the immi website for more details: