Overview

Australia operates Pay as You Go (PAYG) for income tax as well as payroll taxes for the employer, which are state based as opposed to national rates. Employers must also understand the Superannuation schemes and requirements as well as the Fair Work legislation. In addition, the employers also have to operate Fringe Benefit Tax (FBT) on any benefits they provide to employees and their families. And just to make things a little more complicated the FBT year is not the same as the tax year.

Who is this course for?

This course is aimed at those Payroll & HR Professionals who are processing or managing Vendors who process Payrolls in Australia and need to have an understanding of the legislative and legal requirements involved.

What will you achieve?

Having attended this course delegates will have confidence that they understand the fundamentals of payroll processing in Australia, are clear about employer obligations including those for Australian residents and non-residents, know what they need to do on a periodic and annual basis, can answer employee queries and check payslips. Even if payrolls are outsourced it is still the employer’s responsibility to ensure all obligations are met and that income tax and social security are correctly processed. This course not only gives you the information you need to be compliant but also ensures you know exactly what information should be given to a payroll provider and the various tasks they should be completing on your behalf.

What will be covered?

Country Overview

Fair Work:

• National Tax Agency set up
• Residency rules for expats
• UK/Japan Double Taxation Agreement
• Business registration
• Calculating tax withholding
• BIK valuation
• Tax free allowances
• Employee income deductions
• Tax rates
• Using Tax Tables
• Pay over and reporting to NTA
• Year-end reporting
• The four insurance systems
• Workers accident compensation
• Employment insurance
• Health & Nursing Care insurance
• Pension insurance
• Impact of UK/ Japan double contribution convention
• Employment law
• Working timeOvertime rates
• Paid holidays
• Sick & Maternity leave

Tax – PAYG:

• How PAYG works
• Allowances
• Variations
• Tax file number declaration
• Rates
• Leave programmes
• Paying over the tax deducted and reporting

Superannuation

• Eligibility
• Choice of funds
• Salary sacrifice
• When to pay
• Reporting employee contributions
• ChangesPenalties

Types of leave

• Annual leave – accruals
• leave loading and cashing in
• Personal carers leave
• Other leave

Terminations

• Types of termination
• Payment
• Tax
• ETP

Fringe benefits and fringe benefit tax (FBT)

• What’s covered
• Exempt components

Payroll tax

• State bands
• Who’s liable
• What is and isn’t included

Summary

A course to familiarise attendees with all the fundamentals of Australian payroll processing; covering PAYG, the Superannuation schemes and requirements, FBT and Fair Work legislation. Making you aware of exactly what a payroll provider should be doing on your behalf.