FNSPAY513 - Process complex employee terminations in payroll

Unit code: FNSPAY513 | Study level: TAFE
Nominal hours
40
Location
Footscray Nicholson
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to process uncommon and complex employee terminations in payroll systems, including calculating and providing employment termination payments (ETPs).
The unit applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to conduct employee terminations in payroll systems while ensuring compliance with regulatory requirements.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit's 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:

  • process at least one of each of the following three complex employee termination types in payroll systems:
  • resignation
  • redundancy
  • retirement
  • process at least one of the following termination types in payroll systems:
  • dismissal
  • unfair dismissal
  • invalidity
  • death
  • termination for pre-August 1983 starters
  • redundancy or early retirement.

Students will also be expected to demonstrate the following knowledge:

  • different types of employment terminations, including:
  • resignation
  • redundancy
  • retirement
  • dismissal, including unfair dismissal
  • invalidity
  • death
  • termination for pre-August 1983 starters
  • key types of employment termination payments (ETPs) and when they are used
  • key features of organisational policies and procedures relating to ETPs
  • legislative requirements relating to termination notice periods and redundancy payments
  • significance of determining the preservation age of an employee on termination
  • tax treatment for a redundancy payment, including the Lump Sum D component and any excess over the tax-free Lump Sum D amount
  • tax treatment options for unused annual leave and long service leave on termination
  • different tax treatments of ETPs and how they are calculated, including:
  • excluded ETPs
  • non-excluded ETPS
  • types of termination payments that are subject to superannuation contributions
  • impact of legislative requirements on complex employee terminations, including of:
  • legislation relating to employment termination processes
  • legislation relating to calculating and issuing employment termination payments
  • Fair Work Act recordkeeping requirements relating to employment termination processes
  • state legislation, including long service leave entitlements
  • processing requirements through Single Touch Payroll
  • sources of information on employment termination processes that can be accessed to maintain currency of knowledge and to seek advice
  • commonwealth, state and territory legislative requirements relating to processing employee terminations in payroll, including:
  • final salary and wages payments
  • unused annual leave and long service leave
  • notice and redundancy payments
  • unused rostered days off (RDOs) and other entitlements
  • gratuities
  • settlements.

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):

Payroll Administrator Skill Set
FNSSS00012 | Non-award course | Duration: 6 months

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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