Modification History
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Release |
Comments |
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Release 1 |
This version first released with the FNS Financial Services Training Package Version 8.0. Supersedes and is equivalent to FNS50417 Diploma of Payroll Services. |
Qualification Description
This qualification reflects the roles of workers who perform payroll administration and payroll management tasks in a variety of industries. It includes establishing payroll systems and using them to perform sometimes complex tasks, including preparing salary packaging arrangements and additional allowances, processing superannuation payments, and processing employee terminations. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources, including relevant legislation and taxation systems. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines.
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.
Persons providing a business activity statement (BAS) service for a fee or other reward must be registered by the Tax Practitioners Board (TPB) and this qualification is currently cited as meeting the TPB education requirements for registration as a BAS agent. Other requirements apply, including a designated period of experience. Persons seeking BAS agent registration should check current registration requirements with the TPB, as registration requirements are reviewed regularly.
Entry Requirements
Nil
Packaging Rules
Total number of units = 11
8 core units plus
3 elective units , of which:
- at least 1 must be from the elective units listed below
- up to 2 may be from this qualification or any currently endorsed Certificate IV or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
Core units
BSBHRM526 Manage payroll
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSPAY511 Process salary packaging arrangements and additional allowances in payroll
FNSPAY512 Process superannuation payments in payroll
FNSPAY513 Process complex employee terminations in payroll
FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll
FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll
FNSTPB412 Establish and maintain payroll systems
Elective units
BSBFIN501 Manage budgets and financial plans
BSBHRM527 Coordinate human resource functions and processes
BSBHRM528 Coordinate remuneration and employee benefits
BSBHRM529 Coordinate separation and termination processes
BSBOPS404 Implement customer service strategies
BSBOPS504 Manage business risk
BSBPEF502 Develop and use emotional intelligence
BSBSTR402 Implement continuous improvement
BSBSTR502 Facilitate continuous improvement
BSBTEC402 Design and produce complex spreadsheets
BSBTEC404 Use digital technologies to collaborate in a work environment
BSBTWK401 Build and maintain business relationships
FNSACC321 Process financial transactions and extract interim reports
FNSACC322 Administer subsidiary accounts and ledgers
FNSACC323 Perform financial calculations
FNSACC411 Process business tax requirements
FNSACC421 Prepare financial reports
FNSACC426 Set up and operate computerised accounting systems
FNSACC521 Provide financial and business performance information
FNSCUS515 Determine client financial requirements and expectations
FNSINC513 Identify and apply complex ethical decision making to workplace situations
FNSINC514 Apply ethical frameworks and principles to make and act upon decisions
FNSTPB411 Complete business activity and instalment activity statements
Qualification Mapping Information
Supersedes and is equivalent to FNS50417 Diploma of Payroll Services.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
