Yes. The skill requirement you need to meet will depend on the visa stream you apply for.
If you are applying for an RSMS visa through the Temporary Residence Transition stream you will be deemed to have met the skill requirement because you have been employed for two years or more on a subclass 457 and your employer continues to want to sponsor you in the same occupation for permanent residence. Your skills will have already been proven.
Applicants who apply for an RSMS visa through the Direct Entry stream will have access to a broader range of eligible occupations at the Australian and New Zealand Standard Classification of Occupations (ANZSCO) skill level one to three. They will be required to show they have an Australian or comparable overseas equivalent qualification that is relevant to their nominated occupation.
Qualification requirements will be determined by ANZSCO:
•ANZSCO skill level 1 occupations (professionals and most managers) will require an Australian or comparable overseas degree
•ANZSCO skill level 2 occupations (technicians, some managers and some sales, clerical and service workers) will require an Australian or comparable overseas diploma
•ANZSCO skill level 3 occupations (non-trade occupations, technicians, some sales, clerical and service workers) will require at least an Australian Qualification Framework (AQF) certificate III or comparable overseas equivalent qualification
•ANZSCO skill level 3 trade occupations will require an Australian trade certificate, an AQF level trade qualification, or a skills assessment from Trades Recognition Australia (TRA).
RSMS applicants for the Agreements stream will need to demonstrate that they have the skills, qualifications or experience as required by the relevant Labour or Regional Migration Agreement.