FOR:

Australian payroll professionals that need to understand the essentials of processing NZ payroll.

PURPOSE:

For many businesses having and running a centralised payroll across countries is an effective method of processing payroll but the essential element that must be understood is the difference in legislative terms and culture of the industrial relations environment that impact on how a payroll must be processed.  

Without this understanding, a centralised payroll can create major risks to the business from noncompliance, uncertainty for employees and increased costs for payroll from having to fix misunderstood payroll processes.

This course covers the essential legislation that must be understood by payroll, while at the same time giving insights into why things are done this way in New Zealand.

DURATION:

• 1 Day

COURSE DELIVERY:

The Essentials course is provided as a virtual classroom, learners will need to be willing to be part of an online classroom environment.  

This is so the trainer and learners can interact fully as a group to share and undertake the exercises that will be undertaken as part of the course.

COURSE CONTENT:

Tax-related legislation:

• Tax codes, calculating PAYE and ir330 (employee tax code declaration)
• New employee IRD requirements
• Payday Filing and IRD record-keeping requirements
• Calculating ESCT
• Calculating extra pays (lump sum payments)
• Deductions from pay (Child support, Student Loan, Court)
• Applying ACC earner levy and threshold
• KiwiSaver: Opting in & out, contribution rates,  
• ACC 80% 1st-week workplace accident

Employment law-related legislation:

• Holidays Act Calculations:
  • Annual holidays
    • Average weekly Pay 
    • Ordinary weekly pay
    • 8%
  • Other types of leave (Sick, bereavement, public, alternative, family violence)
• Parental Leave – Impact of parental leave on annual holidays
• Minimum wage 
• Wages Protection Act: How an employee is paid, when they are paid, deductions from pay, overpayments

Learning Outcomes:

At the end of the course, participants will be able to:

1. Identify the essential rules required by legislation about payroll
2. Explain how essential calculations are undertaken for the various types of legislation undertaken in payroll.
3. Highlight the risk areas for payroll and how to minimise them.