Key Benefits

Free 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.

Meets the requirements to become a BAS Agent

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

Payroll software training

You’ll get to know the software you could be using every day as a payroll officer. The Diploma includes practical training using online payroll software and Xero while you’re studying with us.

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

BSBHRM527 Coordinate human resource functions and processes
BSBTWK401 Build and maintain business relationships
FNSINC411 Conduct work according to professional practices in the financial services industry

Module 2

FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll
FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll

Module 3

BSBHRM526 Manage payroll
Cluster – FNSPAY511 Process salary packaging arrangements and additional allowances in payroll and FNSPAY512 Process superannuation payments in payroll

Module 4

FNSPAY513 Process complex employee terminations in payroll
FNSTPB412 Establish and maintain payroll systems
(TBP code: MPA001 Payroll Administration)
FNSTPB411 Complete business activity and instalment activity statements
(TBP code: MAS001 Activity Statements)

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:

Multiple-choice questions
Short-answer questions
Workplace scenarios
Calculation questions
Roleplays – video self-recording and upload of the file
Accounting software exercises
TPB required assessments

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:

Human Resources (HR) officer
Industrial Relations assistant advisor
Salary Packaging advisor
Payroll Services officer
Small business employment manager
Bookkeeping assistant
Compliance officer
Assistant financial controller

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:

Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
For students without an equal or higher level qualification, there’s a short language, literacy and numeracy quiz you complete online.

What equipment will I need?

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

Working PC with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required

Note: Access to online payroll software as well as Xero software is provided for the duration of your course 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

Coordinate human resource functions and processes
Understand business ethics in human resource practices
Calculate human resource return on investment within the organisation
Coordinate humn resource strategies and planning processes
Establish, build and improve business relationships
Undertake formal and informal networking
Maintain professional practices in the financial services industry
Identify professional development opportunities
Understand industry legislation, regulation and codes of practice

Module 2

Legal fundamentals

Research and analyse industrial regulations to payroll
Maintain compliance of payroll services with regulations
Review payroll operations for compliance with applicable industrial regulations
Identify roles and responsibilities of key organisations in relation to payroll services
Research and analyse taxes relevant to payroll
Maintain compliance of payroll services with required taxation systems
Review payroll operations for compliance with applicable taxation systems
Apply the impact of fringe benefits tax (FBT), deductions and exemptions to payroll

Module 3

Processing payroll

Set up procedures for the management of payroll
Prepare payroll data
Checks and authorisations before payment of salaries
Administrate payroll records
Analyse and process salary packaging arrangements
Assist employees with salary packaging
Prepare and pay additional allowances
Prepare and process superannuation payments
Report superannuation data to ensure compliance with legislative obligations

Module 4

Complex payroll and activity statements

Handle and process complex employee terminations
Determine and calculate various pay components relating to termination payments
Establish and maintain a payroll system
Complete payroll calculations and set up in Xero
Understand PAYG withholding tax, PAYG Instalments and Instalment Activity Statements
Process payroll and leave entitlements
Prepare Business Activity Statements in Xero and calculate GST Liabilities
Understand Luxury Car Tax, Fuel Tax Credits, Wine Equalisation Tax and Fringe Benefits Tax
Compare alternative GST & BAS accounting methods

Course Duration

This course is designed to be completed within 24 months.

There is no minimum timeframe to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.

The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are!

How it works

More than online.

You’ll get:

Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, Zoom)
A dedicated support team on hand to guide you
Online assessments
Student Facebook group

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

$2,900

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

$133.85 per week, paid over 26 weeks (total $3,480)

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 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’?

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 or asking one of my daughters to do something (for the millionth time!).

Karin Graham

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.

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Duration	Up to 24 months
How it works	Study online. With a difference.
Price	$2,900 up front \| $133.85 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 training. Study online today.

Diploma of Payroll Services

FNS50422

Key benefits

Payroll Services courses. For the real world.

You need a different learning experience.We're ready to deliver.

Expertise

Flexibility

Support

How we rank

Any questions? Ask away!

Key Benefits

Free membership

Meets the requirements to become a BAS Agent

Payroll software training

Nationally recognised

Course Accreditation

Module 1

Module 2

Module 3

Module 4

Specialisations

Course Assessments

BAS Agent Certification assessments

What is included in the BAS Agent Certification assessments?

Where do I do the assessments?

Career Opportunities

Keep up with payroll technology

Alternative pathways

Pathways

Entry requirements

What equipment will I need?

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

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

How it works

More than online.

How does it work?

What support will I get?

Course Price

Upfront payment

Payment plan

Meet your trainers

Industry experts and thought leaders

Payroll training.
Study online today.

You need a different learning experience.
We're ready to deliver.