Payroll Fundamentals

• Have an understanding of the National Employment Standards, conditions of employment and modern awards
• Distinguish between employment categories and employees vs contractors
• Have an understanding of the payroll process and payroll components including allowances, deductions and penalty rates and loadings
• Know the legal requirements of payslips and payment summary completion
• Know how to accrue all types of leave in all states and territories
• Have a complete understanding of the government funded paid parental scheme and employer obligations
• Have introductory knowledge of superannuation
• Understand basic terminations
• Payroll Tax overview - what are payroll tax rates and thresholds for each jurisdiction

Payroll Masterclass

• Have up to date knowledge of long service leave rules for all states and territories (including Federal LSL Act)
• Understand the entitlement to long service leave in each jurisdiction and how it is paid
• Be able to determine the rate of payment for employees taking long service leave and pro rata long service leave
• Be able to apply the correct tax treatment for LSL on termination
• Understand the interaction between LSL and Public Holidays and Workers Compensation Leave
• Have a comprehensive knowledge of superannuation including SGC, superannuation splitting, salary sacrifice, choice and fund, RESC and maximum contribution base (including defined benefits schemes)
• Understand Employer Obligations under the Superannuation Guarantee Administration Act and the penalties for non-compliance
• Understand the impact of salary sacrifice arrangements and Reportable Employer Superannuation Contributions
• Know how to calculate payroll tax in all states and territories , when it is payable and the definition of wages
• Know each of the elements which make up a termination pay
• Understand how to tax redundancies and what to put in payment summary boxes A, B and D
• Know what an ETP is and how to determine its elements
• Understand how to treat the final payment for the death of an employee
• Know the different types of payment summaries and how to fill them in
• Reportable fringe benefits