Administrators' Network
End of Financial Year Checklists - 2011
These 2 checklists were developed last year with members also contributing.
I’m sure with 30 June rapidly approaching you will find them both beneficial.
1. End of Payroll Year Checklist : http://www.mcsa.org.au/index.php?option=com_docman&task=doc_download&gid=156&Itemid=218
The ATO has update the Guide to "How to Complete the PAYG Payment Summary" : http://www.ato.gov.au/businesses/content.aspx?doc=/content/00199564.htm
2. End of Financial Year Procedure Checklist : http://www.mcsa.org.au/index.php?option=com_docman&task=doc_download&gid=157&Itemid=218
If members have additional points to add to these checklists, email Di at : This e-mail address is being protected from spambots. You need JavaScript enabled to view it
End of Year - Forum Help
Don’t forget the Administrators’ Network Forum is open and available to members to ask for help & receive support.![]()
So login to MCSA’s website and create an account : www.mcsa.org.au/admin_network
Within the Administrators’ Network Section, scroll down to login and choose “create an account”
Once you have confirmed your email and your account has been activated, you will be ready to start.
Then you are ready to click on “New Topic” and type in your question.
The following link is a file also available within the Forum “Help” menu, providing additional information on how to:
- Set up your profile
- General forum settings
- Creating new posts
- How to subscribe to topics
http://www.mcsa.org.au/Admin_Network_Help_Guide
Please call Dianne on 1800 242 148 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it if you are having any problems creating your new account.
MYOB End of Year Support–Quick Link Page
I have compiled this quick link page of useful MYOB support notes & links to help you get through the end of financial year processes:
- MYOB 2011/2012 Compliance Update is now available : http://myob.com.au/business/Compliance Update
- MYOB 2011/2012 PAYG Tax Tables download : http://myobaustralia._Compliance & Tax Tables
- MYOB End of Payroll Year Guide : http://myobaustralia_End_of_Payroll_Year_Guide
- MYOB Payment Summary Guide : http://myobaustralia Payment Summary Guide
- MYOB End of Financial Year Guide : http://myobaustralia_End of Fin Year Guide
- Search MYOB Support Notes for an answer : http://myobaustralia._question
Super Co-Contribution Scheme
Let your employees know they have until the 30th June to top up their super to receive the co-contributions.
For every after-tax dollar eligible members make to super, the government will contribute up to a maximum of $1,000.
This co-contribution only applies to *total gross income up to $61,920 for the 2010/2011 year.
- For gross income under $31,920 your contribution will be matched $1 for $1 up to $1,000
- For gross income $31,921 up to $61,920 the contribution entitlement reduces by 3.333 for every dollar you earn over $31,920
*Total gross income includes assessable income, reportable fringe benefits and salary sacrifice to super.
For further information on your eligibility to apply for co-contributions, contact your personal superannuation fund or refer to the ATO website.
The ATO also has a calculator to work out your co-contribution entitlement ATO co-contribution calculator.
Fair Work Australia Subscription Services
Keep up to date with changes to awards & IR matters that are relevant to your organisation by subscribing to FWA.
FWA subscription services include:
- Awards – Updates only
- Award Matters
- Award Modernisation General Announcements
- FWA Bulletin
- Equal Remuneration Case
- Annual Wage Review
- Division 2B State Awards
- FWA Decisions
- and more …….
Simply create an account & sign up here: http://fwa.gov.au/apps/subscription_service/about.cfm
or call Fair Work Australia on Tel: 1300 799 675
Workers Compensation – Calculation for Wages
Employers are required on an annual basis to declare their actual wages paid and estimated wages on the Wages declaration form sent to them from their insurance company.
Below is a summary of some payments that are included in wages for workers compensation purposes:
- salary / wages
- overtime
- shift and other allowances
- over-award payments
- bonuses
- payments for sick leave
- public holidays
- employer superannuation contributions (including the superannuation guarantee)
- grossed-up value of fringe benefits
- long service leave payments
- termination payments
The above list is a summary only and you will need to refer to the Workcover website or contact your insurance company for further details.
Work Cover Wages Defined: http://www.workcover.nsw.gov.au/insurancepremiums/premiums/Wages/Pages/default.aspx


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