All Articles / Accounting and Bookkeeping
All Articles / Accounting and Bookkeeping

Should I study the Diploma of Payroll Services?

Five minutes with Rochelle Park – CEO at AAT

It’s not always easy deciding if you should resume studies, or how it will assist you within your current role. So we asked the CEO of the Association of Accounting Technicians (AAT) Australia Rochelle Park to explain how the new Diploma of Payroll Services (FNS50417) can help you within your business and professional development.

Q: Why has this diploma been introduced?

Rochelle: The Diploma of Payroll Services has been introduced as it was acknowledged in the PwC review of financial services training packages that there was a shortcoming in the availability of training for contract bookkeepers in the complex area of Australian industrial law and related HR matters.

Q: How will the diploma help bookkeepers? 

Rochelle: The Diploma of Payroll Services will provide contract bookkeepers with the additional skills and knowledge to provide HR intermediary services with more confidence and certainty. This qualification also provides bookkeepers providing payroll-related services with a certified point of difference from their competitors. The course aims to provide contract bookkeepers with additional skills and knowledge to provide services as an HR intermediary supporting employers.

The Tax Practitioners Board says that the Diploma of Payroll services would be considered an excellent Continuing Professional Development (CPD) opportunity for practicing BAS agents.

Q: Is there anything else you think current bookkeeping professionals should be aware of?

Rochelle: Bookkeeping professionals are faced with a great opportunity as we see the roll-out of the long-anticipated Single Touch Payroll (STP) reporting regime. Currently, large employers with more than 20 employees are required to adhere to the STP reporting regime with legislation currently before parliament that will potentially see this legislation extending to employers with less than 20 employees on 1 July 2019. It’s likely that employers will be seeking support from bookkeepers providing payroll services for assistance to upgrade their software and comply with the laws. So really, it’s a course I think can be of great benefit for those already in the industry, that want to step up and offer a difference in their business.

Q: What’s your experience in the bookkeeping industry?

Rochelle: I’m fortunate to have enjoyed an exciting and rewarding career as a bookkeeper for over 18 years, starting my career in our family-owned construction business. Bookkeeping has enabled me to work around my family commitments, supporting other small businesses to achieve their dreams, which I have found really rewarding.

Need more info?

Drop us a line on 1300 738 955 for more information on the Diploma of Payroll Services at Monarch Institute. Then check out for great bookkeeper memberships, current legislation changes, and CPD opportunities.

Any questions? Ask away!