[vc_row][vc_column width=”2/3″][vc_column_text]Skilling Australians Fund will commence on August 12, 2018. All companies sponsoring foreign workers will need to abide to this new regulation. Here’s what you should know about it.
What is the Skilling Australians Fund?
The Skilling Australians Fund or SAF levy will be payable by Australian employers who wish to sponsor overseas workers. The aim of the levy is to raise money to fund vocational education and training for Australian workers and to replace the ‘training benchmark requirements’.
How much is it?
Subclass 186 and Subclass 187 – nomination training contribution charge
- If the annual turnover of the nominating organisation is less than $10 million – $3000.
- If the annual turnover of the nominating organisation is more than $10 million – $5000.
- The charge for nomination of the occupation of Minister of Religion made under the LA stream is nil
TSS/482 visa (MLTSSL, STSOL and RSOL occupations)
The base amount:
- 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
In details, that translates to:
|Visa period||<$10 million turnover||> $10 million turnover|
Yes, the Skilling Australians Fund fee is capped.
The capped limit for financial year ending 30 June 2018:
- $5,500 for permanent residency visa nominations (186 or 187 visas, through Temporary Residency Transition or Direct Entry)
- $8,000 for TSS visa nominations (regardless of the occupation list)
Is it refundable?
Yes. The SAF levy can be refunded in the following circumstances:
- The employer’s sponsorship application is approved, but the employee’s visa application is refused (e.g. on health or character grounds).
- The employer’s sponsorship is refused.
- The employer’s sponsorship application is approved but the nomination is refused
- The visa holder does not end up starting work with the employer.
- A TSS visa holder resigns within the first 12 months with their employer and their visa period was longer than 12 months. In this case, the refund amount will be calculated based on the outstanding time on the visa.
What about current sponsors?
There will be no exemptions for the SAF levy, except for religious workers nominated under the Labour Agreement (LA) streams of the TSS or ENS visas. All other sponsors, including those who are party to a labour agreement, must also pay the SAF levy, including sponsors who already employ apprentices or have other training expenditure.
Note: Taken from various sources.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_widget_sidebar sidebar_id=”sidebar_3″][/vc_column][/vc_row]