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Question 13 Case Study - Little Pear Administration Pty Ltd (LPA) You are the payroll officer for Little Pear Administration Pty Ltd (LPA). Debra
Question 13 Case Study - Little Pear Administration Pty Ltd (LPA) You are the payroll officer for Little Pear Administration Pty Ltd (LPA). Debra Foy is a company employee and has approached you with some questions about her salary packaging arrangement, and the possible impacts of a change in the legislation. Debra has emailed you the following link: Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, Explanatory Memorandum Debra has directed your attention in the link to Chapter 7 Salary sacrifice integrity, on pages 71-74 of the textbook. In order to provide answers to Debra's questions, you're required to research the proposed changes, examine Debra's current employment arrangements and determine the impact of the proposed changes on her specific circumstances. Debra's employee card in LPA's payroll system shows the following information: Employee ID Tax file number First name Surname D.O.B. Residential address Postal address Email address Employment type Start date Residency status Tax free threshold Senior tax offset Other tax offset HELP repayment Deductions Pay rate 1349866 336684788 Debra Foy 21-Aug-1992 35 Ferrars Street, SOUTHBANK, VIC, 3006 35 Ferrars Street, SOUTHBANK, VIC, 3006 debra@littlepearjuice.com.au Full-time 25-Jun-2015 Australian Resident Claimed No No Yes $20 per fortnight (Union fees) $81,000 per annum (after allowing $15,000 salary sacrifice Salary Packaging $15,000 per annum - superannuation LPA's legal advisor has confirmed that Debra's contract will be deemed by the law as an effective salary sacrifice agreement and the amount of salary being sacrificed is $15,000. . Monarch Institute 2022. erved. FNSPAY505 Assignment Student Copy v2.5 Modified by: Compliance Modified on:25.11.2022 This is a video assessment activity Roles: This role play has two (2) roles: Scenario: You: The payroll officer for Little Pear Administration Pty Ltd Debra Foy (an employee of LPA) Meet with Debra and explain her salary packaging arrangement and the possible impacts that a change in the legislation will have on her situation. There is no script for this role play. During your meeting address the dot points below and answer any questions Debra may have regarding her situation. This task is designed to help assess your ability to: Meet with Debra and greet her appropriately and professionally Explain to Debra the two key changes if this bill becomes law Explain to Debra her current employment arrangement Assess the possible impacts of the new bill to Debra's current employment arrangements and explain the impacts to her Explain your workings to Debra and any calculations you have made Answer any questions that Debra may have on the legislation or how you arrived at the calculations. Confirm that Debra understands how these changes affect her.
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