STUDENT to complete this section Course Code and Course name: FNS XXXXXXXXXXCertificate IV in Accounting and Bookkeeping Unit Code and Unit Name: FNSTPB402 Establish and Maintain Payroll Systems...

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STUDENT to complete this section Course Code and Course name: FNS40217 - Certificate IV in Accounting and Bookkeeping Unit Code and Unit Name: FNSTPB402 Establish and Maintain Payroll Systems Assessment Title: Assessment 1 – Questioning Student Name: Student ID: Student signature: Teacher name: 1st attempt submission date: 2nd attempt submission date: Student declaration—By submitting this document for marking, I declare that: I have been advised of the assessment requirements, have been made aware of my rights and responsibilities as an assessment candidate, and choose to be assessed at this time This task is my own and contains no material written by another person except where due reference is made. I am aware that a false declaration may lead to the withdrawal of a qualification or statement of attainment. Description of Assessment In this assessment you will be required to complete a number of theory questions - You should follow the · For these knowledge questions each response per question is about 20-200 words long—this is an average only; some questions will require longer responses, some shorter. · You will complete this assessment out of class time · If you do not understand what a question is asking please clarify with your teacher · You must submit typed (not hand-written) responses · You must respond using complete sentences or dot points, making direct reference to the question · You must address all parts of each question · You must use your own words—when occasionally quoting information from another source, you must acknowledge that source. · You will be provided with this assessment electronically · You should type your answers in the places provided. · Once complete, please print off a copy of this assessment and submit to your teacher Within the assessment, the student is required to satisfactorily address the key criteria and cover the required information. Project Task Assessment Criteria Assessor Comments *Assessor to tick criteria that is satisfactorily covered Knowledge Questions Q1 Outline TPB requirements for BAS Agents Q2 Discuss Modern Award Q3 Discuss Enterprise Agreements Q4 Identify and describe one (1) other industrial instrument Q5 Identify two (2) principles of the Code of Professional conduct relevant to payroll Q6 Identify legislative requirements for termination processes and payments Q7 List key features of manual and computerised payroll Q8 Identify legislative requirements and recording requirements for different laws that relate to payroll Q9 Describe ATO requirements relating to payroll systems Q10 Discuss key requirements relating to payroll systems for various taxation laws Q11 Discuss key aspects when implementing routine requirements in payroll systems Q12 Discuss key aspects when implementing non routine requirements in payroll systems Q13 Identify when to seek expert advice OVERALL MARKING RESULT FORM (For the Assessor’s Use Only) Attempt 1 Attempt 2 MR FER MR FER Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13 Assessor feedback Assessor note: Please ensure all above criteria have been met to a satisfactory standard. Where not, additional evidence must be obtained and recorded to meet assessment criteria. All additional evidence must be clearly documented. Assessor Name Assessor signature Date Assessment Task Result ☐ Meets Requirements ☐ Further Evidence Required Marking Scheme Competency based ☐ KNOWLEDGE ASSESSMENT 1. Outline the Tax Practitioners Board (TPB) requirements for BAS agents: a. registration requirements b. scope of services relating to payroll systems a. Registration requirements for BAS agents b. Scope of services relating to payroll systems 2. Answer the following questions about modern awards. a) In 80-150 words discuss what a modern award is. Your discussion must include the general principles of modern awards that must be applied in maintaining payroll systems. b) What award would a bookkeeper fall under? a) b) 3. In 80-150 words discuss the following: · what an enterprise agreement is · the principles of enterprise agreements that must be applied in maintaining payroll systems. 4. Identify and briefly describe one (1) other industrial instruments other than modern awards and enterprise agreements. 5. Access TPB’s Code of Professional Conduct for BAS agents as outlined in the Tax Agent Services Act 2009. Identify two (2) principles relevant to payroll operations. In 40-80 words, explain how each principle is applied in establishing and maintaining payroll systems. Principle How it is applied in establishing and maintaining payroll systems 1. 2. 6. Complete the tasks below: a.In the table below, identify one (1) legislative requirement and one (1) organisational requirement relevant to employment termination. b.For each requirement identified, discuss the following, how the requirement is applied in the termination processes and payment Each discussion must be 60-100 words. Requirement How it is applied in termination processes and payment Legislative Requirement: 1. Organisational Requirement: 1. Version 18/8/20207Review Jan2021 Version 22/9/202021Review Jan 2022 7. Below are aspects of payroll systems. Complete the table by listing one (1) key feature of manual payroll systems and one (1) key feature of computerised payroll systems relating to each aspect. Aspects of payroll systems Key features of manual payroll systems Key features of computerised payroll systems i. Storage ii. Cost iii. Security iv. Time 8. Listed below are requirements that must be followed when establishing and maintaining payroll systems. Complete the table below: a. For each item listed, identify one (1) legislative requirement. Explain how each requirement affects a business’s operations relating to the payroll system. b. Identify one (1) record-keeping requirement relating to payroll systems under the item listed and explain how it affects a business’s reporting requirements. Legislative requirement Record-keeping requirement i. Fair Work Act Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       ii. National Employment Standards Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       iii. Superannuation Guarantee (Administration) Act Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       iv. Corporations law Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       v. Workers compensation Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       vi. Work health and safety Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       vii. State payroll tax relating to payroll activities Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects a business’s payroll operations:       viii. Privacy Act The requirements must be related to confidentiality and security of information. Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       ix. Higher Education Loan Program (HELP) Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       x. Medicare levy Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xi. Tax Agent Services Act (TASA) Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xii. Current industry and modern awards Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xiii. Current enterprise bargaining agreements Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xiv. Individual Transitional Employment Agreement (ITEA) Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xv. Annual leaves as outlined in leave legislation Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xvi. Personal leaves as outlined in leave legislation Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xvii. Paid parental leaves as outlined in leave legislation Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xviii. Long service leaves as outlined in leave legislation Requirement:       How it affects a business’s payroll operations:       Requirement:       How it affects reporting requirements:       xix. Australian Bureau of Statistics (ABS) Act Requirement:       How it affects a business’s payroll operations:       There is no need to fill out this section. 9.Listed below are Australian Taxation Office (ATO) requirements relating to payroll systems: a.In 20-50 words, briefly describe each item. b.Explain how each requirement relates to maintaining payroll systems. Description How does this requirement relate to maintaining payroll systems i. Australian Business Number (ABN)             ii. Payment summary             iii. Employment termination payments (ETPs)             iv. Tax file number (TFN) declaration             10. Discuss the key requirements relating to payroll systems of the following taxation laws: a. PAYG Instalment (PAYGI) tax as outlined in A New Tax System (Pay As You Go) Act 1999 b. PAYG Withholding (PAYGW) tax as outlined in A New Tax System (Pay As You Go) Act 1999 c. Fringe Benefits Tax Assessment Act 1986 as it relates to salary packaging Each discussion must be 100-150 words. a. PAYG Instalment (PAYGI) tax as outlined in A New Tax System (Pay As You Go) Act 1999 b. PAYG Withholding (PAYGW) tax as outlined in A New Tax System (Pay As You Go) Act 1999 c. Fringe Benefits Tax Assessment Act 1986 as it relates to salary packaging 11. Discuss the key aspects that you must consider when implementing the following routine requirements in the payroll system: · award payments · salary amount · salary packaging · superannuation guarantee · superannuation reporting Your discussion must: · include a short description of the requirement and be within 60-100 words Routine requirements Key aspects that must be considered i. Award payments ii. Salary amount iii. Salary packaging iv. Superannuation guarantee v. Superannuation reporting 12. Discuss the key aspects that you must consider when implementing the following non-routine requirements in the payroll system: · Employment termination payments · Superannuation guarantee charge Your discussion must: · include a short description of the requirement and be within 60-100 words Routine