Skilling Australians Fund (SAF) – It’s Official!

It has finally come to pass after over a year of deliberation…
The new Skilling Australians Fund (SAF) which will officially replace the training Benchmark A and Benchmark B for all visas officially passed in the Senate on 5th May 2018 and now just recently been given the Royal Assent on the 22nd of May 2018.

Businesses involved in the training benchmarks will still be required to follow the current training requirements until the implementation date of the new SAF.

“So what does this mean for businesses in migration?”

The Skilling Australians Fund (SAF) is a new training levy that supports the training and education of Australians and will when in effect replace Benchmark A and Benchmark B in a much simpler (but more expensive) process for businesses to follow.

When the SAF training levy starts officially, businesses will be required to contribute a certain amount (depending on their businesses turnover) to the SAF on a one off or annual basis depending on the visa their nominee is on.
There will be some exemptions for the SAF such as religions and other circumstances but in general the mandatory visa requirement will be:

• TSS (482 Visa)
o Businesses with a turnover of less than $10 million each year will be required to make a full payment of $1,200 per overseas employee each year on the 482 visa
o Businesses with a turnover of more than $10 million each year will be required to make a full payment of $1,800 per overseas employee each year on the 482 visa

• ENS (189 Visa)
o Businesses with a turnover of less than $10 million each year will be required to make a one off payment of $3,000 per overseas employee on the 189 visa
o Businesses with a turnover of more than $10 million each year will be required to make a one off payment of $5,000 per overseas employee on the 189 visa

• RSMS (187 Visa)
o Businesses with a turnover of less than $10 million each year will be required to make a one off payment of $3,000 per overseas employee on the 187 visa
o Businesses with a turnover of more than $10 million each year will be required to make a one off payment of $5,000 per overseas employee on the 187 visa

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