This legislative instrument, issued by the Department of Home Affairs, specifies the income threshold and annual earnings requirements, as well as the methodology for determining the annual market salary rate for migration purposes. It amends the Migration Regulations 1994 and provides details on how to calculate these rates, particularly when an Australian worker is performing equivalent work or when no such worker exists.

Employers seeking to sponsor foreign workers under certain visa programs must ensure that the sponsored individual meets the specified income threshold and salary rate. This requires a thorough review of the proposed salary against the methodology outlined in the instrument to ensure compliance with migration law. Failure to meet these requirements could result in visa refusal or other enforcement actions by the Department of Home Affairs.