Here on a 457 and stated income on Visa acceptance was 85k. Due to downturn in mining actual income will be less, and ongoing will be lower.
My company will reduce the amount it pays me due to downturn. I am happy enough with that, as it make sense, and my partner is working anyway.
Does my company have to admit this change in income to Immigration? Will they rescind the 457 because of the change if they do? Or should I just pay the reduced tax amount and see what happens? In other words, do ATO speak to immigration?
Thanks for any help