FNS50422 Diploma of payroll services

This qualification reflects the job 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/Regulatory Information 

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.

Successful candidates will receive a nationally recognised FNS50422 Diploma of Payroll Services from My CPE Pty Ltd (RTO ID 45717).

The units included have been selected based on feedback from industry and their applicability to the roles payroll personnel perform:

Core Units (8)

• 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
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Stream A – Elective Units (3)

• FNSACC418 – Work effectively in the accounting and bookkeeping industry
• FNSACC426 Set up and operate computerised accounting systems
• FNSTPB411 Complete business activity and instalment activity statements
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Stream B – Elective Units (3)

• BSBHRM528 Coordinate remuneration and employee benefits
• BSBHRM529 Coordinate separation and termination processes
• FNSTPB411 Complete business activity and instalment activity statements
•  

Note: The elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid industry-supported vocational outcome. Electives can be modified; discuss options with your Assessor.

There are no formal requirements applicable to enrolling in the Diploma of Payroll Services. Applicants must; however, demonstrate they meet the requirements listed below:

• At least 18 years of age at the time of enrolment
• Access to a computer and internet connection
• Good language, literacy and numeracy skills.

The Diploma qualifies individuals who apply integrated technical and theoretical concepts in a broad range of contexts to undertake advanced skilled or paraprofessional work and as a pathway for further learning. Graduates at this level will have specialised knowledge and skills for skilled/paraprofessional work and/or further learning and have technical and theoretical knowledge in a specific area or a broad field of work and learning.

Graduates at this level will have a broad range of cognitive, technical and communication skills to select and apply methods and technologies to:

• Analyse information to complete a range of activities
• Provide and transmit solutions to sometimes complex problems
• Transmit information and skills to others.

Graduates at this level will apply knowledge and skills to demonstrate autonomy, judgement and defined responsibility in known or changing contexts and within broad but established parameters and gain technical and theoretical knowledge and concepts, with depth in some areas within a field of work and learning.

Graduates of a Diploma will have:

• Cognitive and communication skills to identify, analyse, synthesise and act on information from a range of sources
• Cognitive, technical and communication skills to analyse, plan, design and evaluate approaches to unpredictable problems and/or management requirements
• Specialist technical and creative skills to express ideas and perspectives
• Communication skills to transfer knowledge and specialised skills to others and demonstrate understanding of knowledge.

Graduates of a Diploma will demonstrate the application of knowledge and skills:

• With depth in some areas of specialisation, in known or changing contexts
• To transfer and apply theoretical concepts and/or technical and/or creative skills in a range of situations
• With personal responsibility and autonomy in performing complex technical operations with responsibility for own outputs in relation to broad parameters for quantity and quality
• With initiative and judgement to organise the work of self and others and plan, coordinate and evaluate the work of teams within broad but generally well-defined parameters.

Upon successful completion of this program, students will have gained valuable skills and knowledge to apply to a multitude of roles and industries, as well as establish a pathway to complimentary education in bookkeeping and accounting. This qualification is extremely versatile and will provide you with a vast array of employment opportunities in a multitude of roles, including but not limited to the list below:

• Payroll Consultant
• Payroll Manager
• Payroll Officer
• Salary Packaging Officer
• Finance Manager
• Small business operator
• Supervisor of payroll department
• Payroll service provider.

This Diploma would also suit persons:

• Aiming for registration or currently registered with the Tax Practitioners Board
• Seeking a pathway from a Certificate IV in Accounting and/or Bookkeeping
• Individuals aiming to build a career in the payroll sector
• Individuals wishing to upgrade payroll skills in line with current best business practice
• Those aiming to advance their career as a payroll professional
• Workplace Trainers and Assessors who have industry experience within the sector wishing to be able to train and assess in this vocational area
• Current payroll professionals working in the industry aiming to achieve national recognition of current practice
• Studying another qualification and having chosen payroll electives
• Employees of organisations for whom payroll training is provided
• Individuals, small business owners, managers and administrators who have chosen to improve their payroll skills
• People with disabilities or injuries requiring a change in career and those returning to the workplace.

Education Pathway
Students who complete the FNS50422 Diploma of Payroll Services may wish to progress onto the FNS50217 Diploma of Accounting.

RPL is the process of recognising the experience and skills that a person has acquired throughout their career. The principles of RPL will be applied at all stages of your program. If existing competence is evident, it will be recognised and applied to expedite the completion of your program.

You will be provided with an opportunity to request RPL during your interview with your Assessor; however, RPL can be requested at any stage.

Online study offers complete flexibility affording students the ability to study anytime and anywhere that suits their schedule. The team of educators at My CPE are committed to supporting you through your chosen program and are keen to help you succeed.  All students have unlimited online access to their allocated Assessor during business hours. There are no requirements to attend any classes during this program.

If throughout your program you need assistance on study-related matters or student support-related matters, you can contact our office via your e-Learning portal. Our dedicated team are available to assist with any questions you may have in relation to:

• How to enrol in a course
• Payment options
• Terms and conditions
• Course curriculum
• RPL process
• Assessment processes
• Extensions and applicable fees
• Administration queries.

Assessments are structured to include a variety of styles to cater for the learning needs of a broad range of students and provide you with the best opportunity for success. Assessments are completed using a variety of methods and are submitted via our online student portal.

Assessment methods may include any combination of:

• Multiple choice questions
• Case Studies
• Examinations
• Written assessment tasks
• Practical tasks / Reports / Discussion
• Workplace simulations.

The Diploma is a big investment in your future, and there are many factors to consider prior to enrolling in any program.  Please contact us for course intake dates and consider booking a consultation with one of our experienced consultants for your free skills assessment.