Unit of competency Outline

Date retreived
22/07/2026 11:59 PM AWST

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Process superannuation payments in payroll

Process superannuation payments in payroll

Unit of competency
National Code
FNSPAY512
State Code
OEC97
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/06/2022
View on TGA
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
080101 - Accounting
Original Release Date
07/12/2022
Nominal Hours
25
Description
This unit describes the skills and knowledge required to process employee superannuation payments in payroll systems. This includes analysing and establishing parameters and systems for superannuation payments, preparing information, generating payments, and distributing and maintaining information about payments.The unit applies to individuals who operate payroll systems and who, within their level of authority, use systematic approaches to prepare, calculate and verify superannuation payments, and ensure compliance with regulatory requirements.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Establish parameters and systems for superannuation payments
  • 1.1 Analyse and establish procedures that maintain confidentiality and security of employee payroll information
  • 1.2 Establish default superannuation fund type in payroll system according to legislative and organisational requirements
  • 1.3 Input data and configure systems required for organisation to meet statutory obligations to employees with regard to superannuation payments
2. Collect and prepare information
  • 2.1 Identify industrial awards, contracts and government legislation required for calculating superannuation payments
  • 2.2 Identify and gather employee data required to calculate superannuation payments
  • 2.3 Consult with employee and confirm additional voluntary superannuation contributions or salary sacrifice arrangements, and include that information when calculating superannuation payment
  • 2.4 Verify information with organisational sources and enter information into payroll system
3. Calculate and generate superannuation payments
  • 3.1 Calculate employee superannuation payment using payroll system
  • 3.2 Verify superannuation payment is accurate and complies with legislative obligations and organisational policies and procedures
  • 3.3 Generate superannuation payment in payroll system
4. Distribute and maintain information about superannuation payments
  • 4.1 Prepare reports on superannuation payments and distribute according to organisational policies and procedures
  • 4.2 Respond to employee and employer enquiries about superannuation payments according to organisational policies and procedures
  • 4.3 Store records of employee superannuation payments according to legislative obligations and organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
BBH85 FNSPAY502 Process superannuation payments in payroll Unit of competency