ASSESSMENT 3 – WRITTEN TEST
Student Name: ______________________________________________________________
Student ID No: ______________________________________________________________
Date: ______________________________________________________________
Student Instructions:
This is a closed book written assessment. In the time allocated, you are to answer all of the following questions. Make sure you:
• Print Clearly
• Answer all questions
• Use a pen. Assessments written in pencil will not be accepted.
• Ask your assessor if you do not understand a question. Whist your assessor cannot tell you the answer, he/she may be able to re-word the question for you
• Do not talk to your classmates. If you are caught talking, you will be asked to leave and your assessment will not be marked.
• Do not cheat. Anyone caught cheating will automatically be marked Not Yet Competent for this unit. There are NO EXCEPTIONS to this rule.
Questions
1 What is the purpose of establishing security procedures in relation to payroll information?
2 How should organizational requirements relate to legislative requirements concerning the payroll?
3 List and briefly describe four control measures that an organization can implement to protect an organization’s financial resources.
4 In your own words describe the following and how they impact on the payroll.
a. A federal award
b. An industrial award
c. A state or territory award
d. An enterprise agreement
An employment contract

5 What is a salary sacrifice arrangement? What are the benefits to the employee and potential employee impacts on the employer?
6 Actions relating to an employee’s wages and/or salary arrangements can impact on an organization. Describe each of the following terms and how and when they can or do impact on an organization in a financial sense:
a. Fringe benefits tax
b. Payrol tax
c. Employer super-annuation contributions
7 What checks should be performed prior to authorization of running a payroll?
8 What checks should be performed prior to authorization of running a payroll?
9 Identify 4 statutory deductions that can apply to wage and salary earner and provide a brief description of each inclusive of how the amount of each deduction would be calculated or determined. What documentation or authorization is required or could be provided to enable an employer to withhold statutory deductions?
10 What are the key timelines in relation to a new employee commencing with your organization? What time lines are relevant to a person leaving the employment of your organization?
11 What is the purpose of reconciliation between various documents and or records?
12 Under what circumstances should an employee complete another TFN declaration form? Provide two examples where you have advised an employee and explain why.
13 What files should an organization keep in relation to payroll records? Detail all files your organization keeps, in what format and what security systems are in place to protect these records from misuse.
Create a to-do list for Vicki to use for the rest of the day:
Importance TASK Completed

Explain your reasons for ordering tasks as you have in the previous question?
14. What are the timelines for completion and lodgement of the TFN declaration with the ATO? What methods do you use in your organization to ensure these time lines are met?
15. What is the required period for keeping a TFN declaration for an employee? How do you ensure your organization meets these requirements?
16. Explain the role of a PAYG payment summary-individual non-business. What time lines are critical in terms of issuing the document to the taxpayer and advising the ATO?
Student Signature __________________________________
END OF WRITTEN ASSESSMENT
Before you hand in your written assessment, make sure that you:
1. Re-check your answers and make sure you are happy with your responses
2. Have written your Name, Student ID Number, and Date on the first page