Budget 2022 – FOREIGN WORKER POLICY CHANGES

22/02/2022

FOREIGN WORKER POLICY CHANGES

MINIMUM QUALIFYING SALARY FOR NEW EP APPLICANTS
- raised up to $5,000; $5,500 for Financial Sector
- apply to new EP applications with effect 1 Sep 2022
- apply to renewal applications with effect 1 Sep 2023
MINIMUM QUALIFYING SALARY FOR NEW SP APPLICANTS
- raised up to $3,000; $3,500 for Financial Sector
- lower Dependency Ratio Ceiling from 1.7 to 1.5 from 1 Jan 2024.
- new levy framework from 1 Jan 2024.

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