Legislation for the Skilling Australians Fund (SAF) has been released and confirms that the SAF will commence on 12 August 2018.
As a result, businesses that sponsor overseas workers are required to pay a “Nomination Training Contribution Charge”. The charge must accompany each nomination application made by sponsors in both the Temporary or Permanent sponsored work visa categories on or after 12 August 2018.
What is the Nomination Training Contribution Charge?
Currently, sponsors are required to meet either Training Benchmark A or Training Benchmark B in relation to providing training to Australian Citizens Permanent Residents.
From 12 August 2018, Training Benchmark A and B have been replaced by a “Nomination Training Contribution Charge” to be paid to the Australian Government at the time a nomination application is made. The funds will be used by the Australian Government to provide additional support for the VET sector.
Nomination Training Contribution Charge
Temporary Work Visas:
- $1,200 per year of required visa for businesses with a turnover of less than $10 million
- $1,800 per year of required visa for businesses with a turnover of $10 million or more
Permanent Work Visas
- $3,000 for businesses with a turnover of less than $10 million
- $5,000 per year of required visa for businesses with a turnover of $10 million or more
There is no charge where the applicant is a Minister of Religion.
Does this mean I no longer have to comply with Training Benchmark A and B?
No. Businesses still need to comply with the relevant training benchmark in relation to certain nomination applications made prior to 12 August 2018. For specific advice on this issue, please contact us.
Want to know more?
Please get in touch with our experienced migration team.