Skilling Australian Fund
As we all aware of the latest changes to the Training Fund requirement to support the Australian Visa application for sc482 and sc186 sub classes.
The abolishment of long announced Training Benchmark and long awaiting new Skilling Australian Fund on effect from 12th of August 2018 has led to confusion for many migration agents in lodging the new applications for their clients or the employers to understand their sponsorship obligations to nominate overseas workers.
Below we have answered some of the basic queries regarding the new Skilling Australian Fund known in short form SAF.
What is the Skilling Australian Fund?
The SAF is the levy which is paid to the Department from the Australian employers who are willing to sponsor and nominate the overseas workers.
What is the contribution of an employer’s towards the SAF if they sponsor an overseas worker?
The amount payable by the employer depends on some of the primary financial status of the sponsoring company; such as the employer’s annual turnover in the last financial year and also on the number of overseas employees being sponsored.
If it is for PR visas (sc186 and sc187 through TRT or DE)
- Turnover greater than $10 million: A one-off fee of $5,000payable at the time the nomination is lodged
- Turnover less than $10 million: A one-off fee of $3,000 payable at the time the nomination is lodged
If it is for a TSS/482 visa (on the occupation which is listed on MLTSSL, STSOL and RSOL occupation list)
- Turnover greater than $10 million: $1,800 for each year of the TSS visa, payable at the time the nomination is lodged
- Turnover less than $10 million: $1,200 for each year of the TSS visa, payable at the time the nomination is lodged
Where will this Training Fund be invested by the Department?
The money raised by the Department through this SAF will be used to fund vocational education and training for Australian workers.
What is the intention of this new SAF?
The Department is aiming to fund the vocation education directly, so they can contribute to training local Australian.
How do I pay this Training Fund to the Department?
The SAF Training Fund needs to be paid through your Immi Account while lodging the Nomination Application.
If you are looking for some more details or have particular queries, please send us an email, and we would get back to you and also add it in our FAQ, to help many more of our clients and Migration friends.