FNSTPB412 - Establish and maintain payroll systems

Unit code: FNSTPB412 | Study level: TAFE
Nominal hours:
45
Location
Footscray Nicholson
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for computerised systems.The unit applies to individuals and Business Activity Statement (BAS) agents, who use a range of organisational and other specialist techniques to manage payroll systems. They may work directly for organisations or be small business owners, contractors or service providers.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • identify, calculate and input data from time-recording systems for payments into computerised payroll systems and produce payroll reports on at least three occasions for a minimum of five employees covering two separate pay periods
  • produce a payroll report according to regulatory and legislative requirements
  • present a payroll report for verification and approval
  • maintain records according to regulatory and legislative requirements that relate to security and confidentiality of information.

Students will also be expected to demonstrate the following knowledge:

  • scope of services offered by a business activity statement (BAS) agent providing payroll services
  • key principles of award and enterprise agreements and industrial instruments required to maintain payroll systems
  • organisational policies and procedures that affect payroll, including the structure of authority in organisations
  • best practices relevant to payroll operations, including Single Touch Payroll
  • legislative and record-keeping requirements that affect business operation and reporting requirements relevant to payroll, including:
  • Fair Work Act
  • National Employment Standards, including current commonwealth, state and territory industry and modern awards, and enterprise bargaining agreements
  • Superannuation Guarantee (Administration) Act
  • workers compensation
  • state payroll tax relating to payroll activities
  • Privacy Act and requirements relating to confidentiality and security of records
  • Higher Education Loan Program (HELP)
  • Medicare levy
  • Tax Agent Services Act (TASA)
  • individual employment agreements
  • commonwealth, state and territory leave Acts, including annual, personal, paid parental and long service
  • Australian Bureau of Statistics (ABS) Act
  • current Australian Taxation Office (ATO) requirements relating to payroll systems, including:
  • Australian business number (ABN)
  • income statements employment termination payments (ETPs)
  • tax file number (TFN) declaration
  • Tax Practitioners Board (TPB) requirements relating to payroll systems, including:
  • registration and scope of services documentation requirements for BAS agents
  • code of professional conduct
  • key requirements of taxation law relating to payroll systems, including:
  • pay as you go withholding (PAYGW) tax
  • fringe benefits tax (FBT) as it relates to salary packaging
  • key aspects of routine and non-routine requirements for payroll, including:
  • routine: award payments, salary amount, salary packaging, superannuation guarantee and superannuation reporting
  • non-routine: termination payments and superannuation guarantee charge.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.

As part of a course

This unit is studied as part of the following course(s):

Accounting Principles Skill Set
FNSSS00014 | Non-award course | Duration: 20 weeks
BAS Agent Registration Skill Set
FNSSS00004 | Non-award course | Duration: 20 weeks
Certificate IV in Accounting and Bookkeeping
FNS40222 | Certificate iv | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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