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Diploma of Payroll Services FNS50422

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Course overview

  • Study online, anywhere, and anytime
  • Keep up with payroll technology
  • Learn Xero software

Key benefits

Click to expand
Duration 12 months
How it works Study online. With a difference.
Price $3,150 up front | $145.38 per week (payment plan)
Career opportunities Payroll officer, Registered BAS agent and more...
Course topics Four modules
Units 11 units of competency | Nationally recognised
Course trainers Industry experts and thought leaders
Pathways University courses
Entry requirements No formal prerequisites | RPL available | Some equipment needed
Assessments Multiple small assessments and BAS agent certification assessment
Start date Immediately, or whenever you’re ready.
Get in touch about enrolling

Payroll Services courses. For the real world.

The Diploma of Payroll Services (FNS50422) is the ultimate qualification for current (and future) payroll professionals who are serious about their careers.

The course has been developed in consultation with industry, tailored specifically to the needs of accounting technicians working in payroll departments.

In addition to technical skills, the qualification includes a variety of legal, customer service and interpersonal skills units of competencies that’ll help round out your capabilities as a payroll professional. It’s the ideal course for current (and future) payroll professionals. It’s also great for independent practitioners who are looking for a way to formalise their expertise in payroll services.

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Expertise

  • Courses developed with leading academics and industry associations
  • Delivered by brilliant trainers who work with corporate leaders
  • Learn from professionals using real world case studies
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Flexibility

  • Fit study around work, family, life.
  • Start immediately, or down the track
  • Flexible payment options

Support

  • Dedicated team of trainers and support staff on hand to guide you
  • Up to date, easy to understand course materials.
  • Fast assessment turnaround times with comprehensive trainer feedback.
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Payment Options There are two ways you can pay for your course...
$3,150
Upfront
$145.38
Weekly
Upfront $3,150
Weekly $145.38
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Key Benefits

Award winning course

ICB Training Provider of the Year 2024

Free industry membership

Get free student membership into the Institute of Public Accountants (IPA) and the Institute of Certified Bookkeepers (ICB) when you enrol.

Membership gives you access to wide range of resources you can use to help kick off your career. Click here to learn more.

Become a TPB BAS Agent

The Diploma of Payroll Services meets the minimum education requirements of the TPB (Tax Practioners Board) to register as a BAS Agent.

Nationally recognised

The course is nationally recognised under the Australian Qualifications Framework. This means you may be able to use it as a pathway to further education qualifications.

Course Accreditation

Module 1

Module 2

Module 3

Module 4

Specialisations

Course Assessments

The experts who design and deliver our courses have developed an assessment framework that’s uniquely designed to help you gain a deep understanding of the material. They’ll give you the kind of knowledge and skills you can use in the real world as a skilled payroll administrator.

Assessment formats include:

BAS Agent Certification assessments

The Tax Practitioners Board (TPB) requires the BAS Agent Certification module (included in Certificate IV of Accounting and Bookkeeping) to be assessed via two two-hour open book assessments.

The first assessment covers payroll administration. The second assessment covers activity statements. The assessments do not need to be completed at the same time. In fact it is suggested they are not.

What is included in the BAS Agent Certification assessments?

Each assessment consists of 30 multiple choice questions and six short answer or calculation questions.

Where do I do the assessments?

The Tax Practitioners Board (TPB) specifies students can complete the assessments at any location provided they are independently supervised according to the terms and conditions of independent supervision as specified by the TPB.

For more details on the requirements of independent supervision, please get in touch with one of our friendly course consultants on 1300 738 955.

IMPORTANT: Further requirements for becoming a registered BAS agent

Career Opportunities

Keep up with payroll technology

Technology is constantly changing the way that payroll work is carried out. In your career as a payroll administrator or manager, you’ll spend less and less time on data entry and more time on challenging issues to do with tax and super admin. That’s why, even if you’re already working in a payroll services role, it’s more important than ever to get qualified. With Monarch Institute, you’ll also get the software training you need (online payroll software as well as Xero) to hit the ground running.

Alternative pathways

‘Payroll officer’ isn’t the only job title you could have after graduating from the Diploma of Payroll Services. Monarch Institute is an approved provider by the Tax Practitioners Board (TPB) for courses in GST/BAS taxation principles being part of the requirements to become a BAS Agent. The skills you’ll develop could help you stand out of the crowd as a:

And don’t forget that as a Monarch student you’ll get FREE membership to both the Institute of Certified Bookkeepers and the Institute of Public Accountants. With loads of resources and networking opportunities, the world is your oyster.

Pathways

Because the Diploma of Payroll Services is a nationally recognised qualification, you may also be able to use it as a pathway to further study at university level. You could continue to study a breadth of areas including human resources, industrial relations, accounting and business. If you’re planning on doing this, it’s best to check with the uni of your choice as to whether they’ll offer you credit, before enrolling with Monarch Institute.

You can also see more of our accounting courses offered at Monarch Institute:

Part Courses:

Entry requirements

There aren’t any formal entry requirements. But to make sure you get the most out of training with us, the following enrolment process applies:

What equipment will I need?

You will need access to the following equipment to successfully complete the course:

Note: Access to online payroll software as well as Xero software is provided as part of your course fee.

Am I eligible for recognition of prior learning (RPL) or credit transfer (CT)?

We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.

Course Topics

Module 1

Setting the foundation for your Payroll career

Module 2

Legal fundamentals

Module 3

Processing payroll

Module 4

Complex payroll and activity statements

Course Duration

We offer a study timetable to help you complete the course in 12 months if you have the motivation and available time.
However, we give all students up to two years (with 6 months per module) for a flexible, self-paced learning experience.

How it works

More than online.

You’ll get:

How does it work?

This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.

What support will I get?

Your trainer will be happy to contact you via phone, Zoom, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.

Course Price

Upfront payment

$3,150

The most cost-effective option. Pay up front and save 20% compared to the total payment plan. Payment options include electronic funds transfer (EFT), credit card (Mastercard or Visa), cheque or cash.

Payment plan

$145.38 per week, paid over 26 weeks (total $3,780)

This option is suitable for students wanting to manage their cash flow. It’s handy if you want to get started right away, but don’t have the full amount on hand. Payment must be made with MasterCard or Visa.

Meet your trainers

Industry experts and thought leaders
Michelle Dascal
Michelle Ma
Trainer "A person who never made a mistake never tried anything new."
– Albert Einstein

I currently work in a mid-tier accounting firm as a senior accountant, and love it. I have over 8 years’ experience working as a business service accountant and tax consultant. I look after a portfolio of clients across various industries, and that’s really interesting. Observing different sector dynamics at play is fascinating. My skills include preparing financial statements, preparing tax returns, BAS, budgeting, cash flow analysis and tax consulting.

What makes me jump out of bed each morning?

I’m passionate about eating food. I love to try different cuisines in restaurants, and enjoy cooking as well. The bed time discussion generally starts with, ‘…what are we going to eat tomorrow’?

Learn more about Michelle

natasha
Natasha Daraio
Trainer "A leader is one who knows the way, goes the way and shows the way"
- John C. Maxwell

I have over 11 years’ industry experience working in various accounting roles – having worked as a tax accountant in private practice, a financial administrator in a solicitors firm and a financial planner in both private practices and in the banking industry. I moved into adult education 10 years ago following the birth of my third daughter and have taught at Gippstafe, Federation Training and Swinburne University.

I love travelling overseas – I’ve been in the lively New Orleans for the St Patrick’s day street party and even skydived on the north shore in Hawaii.

What makes me jump out of bed each morning?

My three daughters get me up each day! When I’m not busy working, you’ll find me curled up reading a book.

Learn more about Natasha

Karin Graham
Karin Graham
 "Leadership and learning are indispensable to each other."
- John F. Kennedy

I’m an IPA Fellow specializing in Forensic Accounting with 30+ years of experience in corporate and small business accounting. I focus on enhancing internal controls to prevent fraud. I’ve worked in the UK and Europe, blending practical experience with teaching, earning ‘Teaching Excellence Awards.’

What makes me jump out of bed in the morning?

I used to skydive extensively but stopped in my late 20s to focus on family life with my spouse and four kids, along with a Labrador and three playful cats. For relaxation, I enjoy books, computer games, and binge-watching shows or podcasts.

Learn more about Karin

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