5AAmount of nomination training contribution charge—Subclass 494

5A Amount of nomination training contribution charge—Subclass 494

(1) For the purposes of subsection 8(1) of the Act, this section sets out the amount of nomination training contribution charge payable in relation to a nomination, of a kind mentioned in subsection 140ZM(1) of the Migration Act, of a proposed occupation in relation to either of the following: (a) a holder of a Subclass 494 (Skilled Employer Sponsored Regional (Provisional)) visa; (b) an applicant or a proposed applicant for a Subclass 494 (Skilled Employer Sponsored Regional (Provisional)) visa.

Note: Nominations of a kind mentioned in subsection 140ZM(1) of the Migration Act relate to temporary visas: see regulation 5.42 of the Migration Regulations.

(2) If paragraph (1)(a) applies, and subsection (4) does not apply, the amount of nomination training contribution charge is the amount worked out using the formula: Start formula Base amount times times start fraction 5 minus Elapsed years in visa period over 5 end fraction end formula where:

base amount is:

(a) if the annual turnover for the nomination is less than $10,000,000—$3,000; or
(b) in any other case—$5,000.

elapsed years in visa period is the number of whole years in the period:

(a) starting on the date of grant of the visa mentioned in paragraph (1)(a); and
(b) ending on the nomination day in relation to the nomination.

(3) If paragraph (1)(b) applies, and subsection (4) does not apply, the amount of nomination training contribution charge is: (a) if the annual turnover for the nomination is less than $10,000,000—$3,000; or (b) in any other case—$5,000. (4) The amount of nomination training contribution charge is nil if: (a) the nomination is for a Subclass 494 (Skilled Employer Sponsored Regional (Provisional)) visa in the Labour Agreement stream; and (b) the proposed occupation is minister of religion or religious assistant.