Unit of competency Outline

Date retreived
22/07/2026 10:43 PM AWST

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Manage payroll

Manage payroll

Unit of competency
National Code
BSBFIM502
State Code
AUK52
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
09/04/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080101 - Accounting
Original Release Date
15/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to establish and monitor security procedures for managing organisational payroll services and to calculate and process salary payments, group taxation and related payments.It applies to individuals, employed in a range of work environments, who are required to establish and work with payroll systems and may have responsibility for managing payroll systems and calculations.No licensing, legislative or certification requirements apply to this unit at the time of publication
Notes
Elements and Performance Criteria
1 Establish procedures for management of payroll
  • 1.1 Establish procedures that ensure the confidentiality and security of payroll information
  • 1.2 Ensure procedures guarantee substantiation of claims for allowances
  • 1.3 Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements
  • 1.4 Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation
2 Prepare payroll data
  • 2.1 Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries
  • 2.2 Calculate statutory and voluntary deductions using government and employee documentation
  • 2.3 Provide payroll data to payroll processor for calculation within designated timelines
3 Authorise payment of salaries
  • 3.1 Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures
  • 3.2 Reconcile salaries, wages and deductions in accordance with organisational policy and procedures
  • 3.3 Deal with salary, wage and related enquiries in accordance with organisational policy and procedures
4 Administer salary records
  • 4.1 Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements
  • 4.2 Forward periodic deductions to nominated creditors within designated timelines
  • 4.3 Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation
  • 4.4 Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures
  • 4.5 Prepare and reconcile employee group certificate amounts from salary records
No information
No information
Replaces
State Code National Code Title Type
D0709 BSBFIM502A Manage payroll Unit of competency
Replaced By
State Code National Code Title Type
OCF13 BSBHRM526 Manage payroll Unit of competency