Visa requirements are constantly changing and now the new financial year will bring some more updates to WHV visa conditions and the minimum salary level for sponsored candidates.
This will affect many of the corporate clients, creative agencies & UK Working Holiday Markers we work with.
So, here’s what you need to know:
Increased Salary Threshold for Sponsorship
From 1st July 2023 the minimum salary for sponsored candidates will increase from $59,550 inc super to $77,700 inc super.
Sponsorship is only an option for candidates with a minimum of 2 years industry experience. An average AM or Marketing Executive salary is currently sitting between $70 - $90k inc. Therefore, this shouldn’t have a significant impact on corporates or creative agencies.
For more information on our current salary indications, you can download our salary guide here.
WHV – 6-month limit for working with the same employer
From 1st July 2023 WHV (subclass 417 & 462) holders will only be able to work for the same employer for a maximum of 6 months.
This is nothing new, simply a return to pre-covid rules.
With more WHV holders arriving and budgets tightening, we anticipate a return to a more buoyant freelance market as the year progresses.
Other changes in the pipeline for UK Passport Holders
The new Free Trade Agreement negotiated between Australia and the UK outlines amendments to Working Holiday Visas for UK candidates including:
Although the agreement will be signed on 31st May, these changes could take up to 2 years to come into effect.
If you are a hiring manager with questions about how these changes will affect your business, or a candidate wondering what they mean to you, make sure you seek advice from a registered migration agent.
Sources:
https://www.homeaffairs.gov.au/news-media/archive/article?itemId=1057
https://www.dmamigration.com.au/