Unit of competency Outline

Date retreived
22/07/2026 5:59 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Process salary packaging arrangements and additional allowances in payroll

Process salary packaging arrangements and additional allowances in payroll

Unit of competency
National Code
FNSPAY501
State Code
BBH74
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080101 - Accounting
Original Release Date
09/05/2018
Nominal Hours
50
Description
This unit describes the skills and knowledge required to process salary packaging arrangements and additional allowances for employees in payroll systems.It applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to prepare data, calculate and verify payments, and ensure compliance with regulatory requirements using established payroll systems.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
Notes
Elements and Performance Criteria
1. Analyse organisation’s salary packaging and additional allowance arrangements
  • 1.1 Identify organisational and legislative requirements for salary packaging arrangements and additional allowances
  • 1.2 Determine organisation’s preferred salary packaging model through assessment of the benefits and costs of different models
  • 1.3 Identify range of benefits that form part of employee salary packaging arrangements
  • 1.4 Verify that salary packaging arrangements and additional allowances comply with required legislation and organisational policies and procedures
2. Assist employees to interpret prepared salary packaging arrangements
  • 2.1 Prepare information for employees on available salary packaging options, including information on the impact of various options on assessable income and employment conditions
  • 2.2 Distribute information to employees according to organisational policies and procedures
  • 2.3 Help employees to assess the implications of salary packaging options on assessable income and employment conditions
3. Process salary packaging arrangements in payroll system
  • 3.1 Obtain employee information required to process salary packaging arrangements in line with organisational procedures
  • 3.2 Enter information into payroll system and check for accuracy against source information, seeking clarification from sources as required
  • 3.3 Determine tax and non-tax components of salary packaging arrangements
  • 3.4 Calculate impact of salary packaging on employee’s assessable income in payroll system
4. Process additional allowances in payroll system
  • 4.1 Obtain employee information required to process additional allowances relating to their employment conditions in line with organisational procedures
  • 4.2 Enter information into payroll system and check for accuracy against source information, seeking clarification from sources as required
  • 4.3 Calculate impact of additional allowances on employee’s gross income in payroll system
  • 4.4 Adjust additional allowances to be paid to employee in response to changes in their employment conditions as required
5. Issue payment summary and document outcomes
  • 5.1 Issue payment summary to employee according to legislative and organisational requirements
  • 5.2 Produce, review and store payroll records relating to employee salary packaging arrangements and additional allowances according to organisational policies and procedures
No information
No information
Replaced By
State Code National Code Title Type
OED07 FNSPAY511 Process salary packaging arrangements and additional allowances in payroll Unit of competency