Labour market testing introduced for Subclass 457 visas
Labour market testing (LMT) was introduced on 23 November 2013 by the Department of Immigration and Border Protection (DIBP) as a mandatory requirement for all standard business sponsors who wish to nominate a position under the 457 visa programme.
A total of 457 sponsors are required to test the local labour market before they nominate a position to ensure that there is no suitably qualified and experienced Australian citizen or permanent resident to fill that position.
Standard business sponsors must demonstrate they have completed LMT for all nominations, unless special exemptions apply…
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Minter Ellison has created a quarterly update to discuss the tax issues that you may wish to raise with your board during each reporting period, starting with Q3.
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