FNSTPB402 : Office Furnishings Pty Ltd Case Study - Policies and Procedures - Finance Assignment Help

Assignment Task :

Office Furnishings Pty Ltd – Policies & Procedures

Record keeping Requirements

Office Furnishings Pty Ltd keeps the following payroll information in accordance with the ATO and Fair Work Australia guidelines.

• the worker’s name, address and contact numbers;

• copy of tax file number declaration;

• the date the worker commenced work with the employer;

• whether the worker undertakes part-time or full-time work and whether they are engaged as a permanent, temporary or casual worker;

• if a penalty rate or loading must be paid for overtime hours worked, the number of overtime hours worked or the start and finish times of those hours;

• if the worker is a casual or irregular part-time worker who is guaranteed a basic periodic rate of pay, the hours worked by that worker;

• the worker’s rate of pay;

• the gross and net amounts paid and details of any deductions;

• hours worked by employees [does not apply to salaried employees];

• any allowances or loadings paid;

• leave accrued, leave taken and the balance of the leave from time to time;

• superannuation fund name [on Super Choice form] and contribution details;

• the termination of a worker’s employment, including the name of the person who terminated the employment; how the termination took place (was the employment terminated by consent, by notice, summarily or in some other manner?) and date of termination;

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