Skilling Australians Fund (SAF) commences on 12 August 2018
The Migration Amendment (Skilling Australians Fund) Bill 2018, passed by the Parliament of Australia on 9 May 2018, and it is now released that the implementation date is 12th August 2018. Employer sponsored applications lodged from August 12th will incur the new training levy.
Who will be affected?
Introduced with the Migration Amendment (Skilling Australians Fund) Bill on 18 April2017, the bill imposes a nomination training contribution charge (known as the Skilling Australians Fund levy) on employers nominating workers under the temporary and permanent employer sponsored migration programs.
The levy will replace the current training benchmarks for employers sponsoring workers on 457, ENS and RSMS visas from March 2018. It will also be the requirement for the new TSS visa.
For the purpose of the levy, businesses with turnover of less than $10 million per year are considered small business and businesses with turnover of $10 million or more per year are defined as large business:
TSS 482 Nominations:
- Small business: $1,200 for each visa year
- Large business: $1,800 for each visa year
ENS 186 & RSMS 187 Nominations:
- Small business: $3,000
- Large business: $5,000
It is important to note that companies employing someone on a sc457 visa are required to meet their Training Benchmark obligations until 12 August 2018.