Unit of competency Outline

Date retreived
22/07/2026 7:49 PM AWST

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Process complex employee terminations in payroll

Process complex employee terminations in payroll

Unit of competency
National Code
FNSPAY503
State Code
BBH72
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
35
Description
This unit describes the skills and knowledge required to process uncommon and complex employee terminations in payroll systems, including calculating and providing employment termination payments (ETPs).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. Gather employee information and verify organisational requirements relating to termination
  • 1.1 Confirm type of employment termination using appropriate organisational sources
  • 1.2 Obtain employee information required to process termination according to organisational procedures
  • 1.3 Verify accuracy of information and seek clarification from sources, as required
2. Prepare information for termination
  • 2.1 Identify legislation, taxation systems, regulations and codes of practice to be complied with in employment termination
  • 2.2 Verify that employment termination process meets requirements of identified legislation, taxation systems, regulations and codes of practice
  • 2.3 Identify and calculate various pay components relating to termination payment
  • 2.4 Enter information required to process employment termination into payroll system and check for accuracy against source information
3. Process termination
  • 3.1 Process employment termination in payroll system according to organisational policies and procedures
  • 3.2 Use payroll system to process payments due to employee according to organisational and legislative requirements
  • 3.3 Calculate tax on the various pay components according to legislative requirements
  • 3.4 Issue ETP payment summary to employee according to legislative requirements
4. Document outcome of process and maintain information
  • 4.1 Produce, review and store payroll records relating to employee termination according to organisational policies and security procedures
  • 4.2 Prepare report on outcome of employee termination according to legislative requirements
No information
No information
Replaced By
State Code National Code Title Type
OEC10 FNSPAY513 Process complex employee terminations in payroll Unit of competency