Payroll and HR

Employment Termination Payments and STP Reporting (CPE21)


Description
Unit Code: CPE21
TPB compliant CPE: Yes (this unit meets the Tax Practitioners Board (TPB) policy on CPE activities)
CPE Hours: 8 CPE hours
Enrolment term: 90 days
Price: $495.00 including GST

Overview: This program is an introduction to the wonderful world of ETPs and how to report through STP. Learn the basic concepts required to master common employee termination payments, including what is an ETP, what is not an ETP, calculating the components included in an employee's final payment on termination, superannuation aspects and STP reporting obligations.

Objective: Termination payments are not the easiest aspect of payroll to master. An understanding of the key principles will arm you with the knowledge to be able to better serve your clients in the event of a range of termination types.

On successful completion, you will be awarded a Statement of Achievement from My CPE.

Important Information:
Resource Requirements: Internet, computer, calculator, and your A-game!
Duration: 8 hours
Mode of Delivery: Online

Assessments:
You have four assessments to complete to demonstrate competency on Termination Payments and STP Reporting:
1. Three termination payments to calculate (untimed, pass mark 100%, attempts = 3)
2. Quiz (55 questions - 90 minutes to complete, pass mark 85%, attempts = 3)

Accreditation: NA Details/Format: Online Outcome/Learning: Understand ETP's and STP Reporting Type: Structured Evidence of Completi...: Certificate CPE Hours: 8

Content
  • Welcome to Employment Termination Payments and STP Reporting
  • Module 1 – Introduction to Termination Payments
  • Welcome & Module 1 - Introduction to Termination Payments
  • Module 2 – Withholding requirements
  • Module 2 - Withholding Requirements
  • Module 3 – Calculating unused leave payments on termination
  • Module 3 - Unused leave payments on termination
  • Module 4 – Calculating Termination Payments
  • Module 4 - Calculating Termination Payments
  • Module 5 – Configure Payroll Systems
  • Module 5 - Configuring Payroll Systems
  • Module 6 - Single Touch Payroll (STP)
  • Module 6 - Single Touch Payroll (STP)
  • Module 7 - Security, Confidentiality and Records
  • Module 7 - Security, Confidentiality and Records
  • Module 8 – Tables and Schedules
  • Module 8 - Tables and Schedules
  • ASSESSMENTS
  • Quiz - Termination Payments
  • Activity 1 - Genuine Redundancy (Sweet and simple)
  • Activity 2 - Genuine Redundancy with a twist
  • Activity 3 - Termination due to inefficiency
  • Activity 4 - Invalidity
  • Resources
  • Resources and Toolkit
  • Sources of Information
  • Payroll Professionals - Starter Tool Kit
  • Employee documentation on exit
  • 15 Point Checklist
  • Thank You!
Completion rules
  • You must complete the test "Quiz - Termination Payments"
  • Leads to a certification with a duration: Forever