Subject Code :- BSBADM502
Title :- Manage Payroll
Assessment Type :- Assignment 1
1. Who are the governing bodies when it comes to payroll?
b.Australian Taxation office
c.Australia business website
BSBADM502 Manage Payroll Assignment
2.What legislation/regulations do you need to consider when working within payroll?
3.How long do you need to keep payroll records for?
According to the Australian Taxation office the records must keep for 5 years.
4.When working within Payroll there are many Policy and Procedures that apply to ensure strict standards are kept for security, privacy, legislation and enquiries. Name a minimum of 5 Policies and Procedures that you would have in place as a Payroll Manager and explain why
5.As the Payroll Manager, what controls will have in place to safeguard the organisation’s financials?
6.The company’s existing payroll procedures expense reimbursement and allowance claim only ask the employee to place the request on their time sheet. As the Payroll Manager how would you improve this procedure to ensure claims are valid?
7.When sending a new employee documents to fill in, what are the 3 documents that MUST be included as per legislation/regulation?
1.Tax file number Declaration form
3.Personal details like bank details
8. When you are given a Tax File Declaration from either a new or existing employee document the steps you take to complete the process
9.What is Single-Touch-Payroll (STP) Reporting?
10.What did STP replace and when?
11.What are the due dates for STP?
BSBADM502 Manage Payroll Assignment 1 – Australia
12. Employees can be on wages or salary which can all be presented differently in employment contracts. As the Payroll Manager you are required to work out what the hourly rate for the following salary scenarios
13.Calculate the payroll tax payable by the group for the month and show the individual liability for each company: (Ensure you show your workings)