FNSTPB402 - Establish and maintain payroll systems

Unit code: FNSTPB402 | Study level: TAFE

Credit points

N/A

Location

City King St

Footscray Nicholson

St Albans

Sunshine

Werribee

Prerequisites

N/A

Overview

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

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and 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 manual or computerised payroll systems;
produce a payroll report according to organisational and legislative requirements;
present a payroll report for verification and approval, and;
maintain records according to organisational and legislative requirements that relate to security and confidentiality of information.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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 policy and procedures that affect payroll, including the structure of authority in organisations;
industry codes of practice relevant to payroll operations;
key features of manual and computerised payroll systems;
legislative and record-keeping requirements from all levels of government that affect business operation and reporting requirements;
current Australian Taxation Office (ATO) requirements relating to payroll systems;
tax Practitioners Board (TPB) requirements relating to payroll systems;
key requirements of taxation law relating to payroll systems, and;
key aspects of routine and non-routine requirements for payroll.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic 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: 10 weeks

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.