Glossary of Terms Member Details Advice (form used for new ASC Australian Securities Commission MDA members of VicSuper FutureSaver) ATO OTE Australian Taxation Office Ordinary Time Earnings BAS Business Activity Statement PAYG Pay as you go A contractor is an entity (such as individual, partnership, trust or company) CONTRACTOR PAYGW Pay as you go (Withholding) (GST) that agrees to produce a designated result for an agreed price. CRT PELS Casual Relief Teacher Postgraduate Education Loans Scheme DET RBL Department of Education and Training Reasonable Benefits Limit Department of Human Services - DHS RFBA Reportable Fringe Benefits Amount Centrelink A person who receives payment in the form of salary or wages in return for work EMPLOYEE or services, or payment for work under a RSA Retirement Savings Account contract that is wholly or principally for the person’s labour. The person liable to make the payment to State Employees Retirements Benefits EMPLOYER SERBS the employee (as above) Scheme ETP SGL Employment Termination Payment Superannuation Guarantee Levy FBT Fringe Benefit Tax SGC Superannuation Guarantee Charge FTB SSF Family Tax Benefit State Superannuation Fund An employer responsible for the payment Table of rates setting out deductions to be GROUP TAX of salary or wages to an individual on a made by employers from salary or wages of EMPLOYER TABLES full/part time or casual basis employees under PAYG system GST TFN Goods & Services Tax Tax File Number HECS VSF Higher Education Contribution Scheme Victorian Superannuation Fund HELP VWA Higher Education Loans Program Victorian WorkCover Authority Working With Children check for HEI WWC (E) Higher Education Institutions Employees. Insurance and Superannuation Working With Children check for ISC WWC (V) Commission Volunteers.
Glossary of Terms ASC Australian Securities Commission MDA Member Details Advice (form used for new members of VicSuper FutureSaver) ATO Australian Taxation Office OTE Ordinary Time Earnings BAS Business Activity Statement PAYG Pay as you go CONTRACTOR A contractor is an entity (such as individual, partnership, trust or company) that agrees to produce a designated result for an agreed price. PAYGW Pay as you go (Withholding) (GST) CRT Casual Relief Teacher PELS Postgraduate Education Loans Scheme DET Department of Education and Training RBL Reasonable Benefits Limit DHS Department of Human Services - Centrelink RFBA Reportable Fringe Benefits Amount EMPLOYEE A person who receives payment in the form of salary or wages in return for work or services, or payment for work under a contract that is wholly or principally for the person’s labour. RSA Retirement Savings Account EMPLOYER The person liable to make the payment to the employee (as above) SERBS State Employees Retirements Benefits Scheme ETP Employment Termination Payment SGL Superannuation Guarantee Levy FBT Fringe Benefit Tax SGC Superannuation Guarantee Charge FTB Family Tax Benefit SSF State Superannuation Fund GROUP EMPLOYER An employer responsible for the payment of salary or wages to an individual on a full/part time or casual basis TAX TABLES Table of rates setting out deductions to be made by employers from salary or wages of employees under PAYG system GST Goods & Services Tax TFN Tax File Number HECS Higher Education Contribution Scheme VSF Victorian Superannuation Fund HELP Higher Education Loans Program VWA Victorian WorkCover Authority HEI Higher Education Institutions WWC (E) Working With Children check for Employees. ISC Insurance and Superannuation Commission WWC (V) Working With Children check for Volunteers.
Finance%20School%20Level%20Payroll%20Requirements%20v5_1.docx