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All of our courses are available via online learning. We also offer virtual and workshop programs for some courses.


Designed By Industry

Our team regularly meets with key organisations and perform extensive consultations to determine the skills and knowledge they are looking for in their current and future employees.

Informed Experienced Trainers

Our trainers work in the industry so you can be assured all our programs are designed and taught by those that know all the key skills and knowledge you will need to succeed.

FNS50422 Diploma of Payroll Services

The Diploma of Payroll Services is a nationally recognised qualification under the government’s Financial Services Training Package. The Diploma finally recognises payroll services as a professional career.

The Diploma is a great opportunity for current payroll providers to formalise current skills and knowledge and gain the recognition they deserve. The Diploma is also beneficial for business owners, managers and admin personnel aiming to master the complexities of payroll, such as the essential accounting, procedural and legislative requirements necessary to perform and manage payroll effectively.

Payroll is an important function requiring specialised skills and knowledge that can be gained through our NEW nationally recognised qualification.


About the course

This qualification reflects the job roles of workers who perform payroll administration and payroll management tasks in a variety of industries. It includes establishing payroll systems and using them to perform sometimes complex tasks, including preparing salary packaging arrangements and additional allowances, processing superannuation payments, and processing employee terminations. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources, including relevant legislation and taxation systems. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others within defined guidelines


What will I Learn?

  • Cognitive and communication skills to identify, analyse, synthesise and act on information from a range of sources
  • Cognitive, technical and communication skills to analyse, plan, design and evaluate approaches to unpredictable problems and/or management requirements
  • Specialist technical and creative skills to express ideas and perspectives
  • Communication skills to transfer knowledge and specialised skills to others and demonstrate understanding of knowledge.
  • Establish and maintain payroll systems


Entry requirements

There are no specified entry requirements for this qualification specified within the Financial Services Training Package.

Noting this, ISM does require persons who undertake this course to:

  • Be aged 18 years or over at the time of enrolment
  • Have access to internet, office equipment, technology, software and consumables, integrated financial software systems, legislation and industry material
  • Participate in an initial interview to evaluate language, literacy and numeracy skills and determine suitability for the course.
  • Complete the Language, Literacy & Numeracy (LLN) Assessment
  • Complete the Pre-course Evaluation Form (where required)
  • Complete the Induction Program.
  • Possess suitable language, literacy and numeracy skills to read and comprehend learning materials and perform tasks related to recording industry routines, maintaining computerised systems, providing written feedback to stakeholders, recording transactions and financial information, interpreting workplace policy and procedure, reporting hazards, and complying with legislation.


How is this course delivered?

You can complete this course online.



We understand that each learner has individual requirements and likes to study at their own pace. We would expect this course to take anywhere from 12 months to complete. 

If you have any questions, please use the Contact Us form to the right or you can contact our friendly Admin Team on 1300 200 705


Enrol Now for Online Learning

Looking for more information?
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Enrol into our online program for;


* RPL price on application (pending number of units applying for RPL)

Please note fees are charged per annum and are GST exempt. Please see HERE for information on further fees that may be applicable.
Qualification Units

There are 11 units of competency in this Program, 8 core units plus 3 elective units. These will be studied individually, as listed below.

To achieve the FNS50422 Diploma of Payroll Services, the participant will need to complete 11 units of competency as below:

  • 8 core units
  • 3 elective units

Core Units (8)

  • BSBHRM526 Manage payroll
  • FNSINC411 Conduct work according to professional practices in the financial services industry
  • FNSPAY511 Process salary packaging arrangements and additional allowances in payroll
  • FNSPAY512 Process superannuation payments in payroll
  • FNSPAY513 Process complex employee terminations in payroll
  • FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll
  • FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll
  • FNSTPB412 Establish and maintain payroll systems

Stream A – Elective Units (3)

  • FNSACC418 – Work effectively in the accounting and bookkeeping industry
  • FNSACC426 Set up and operate computerised accounting systems
  • FNSTPB411 Complete business activity and instalment activity statements

Stream B – Elective Units (3)

  • BSBHRM528 Coordinate remuneration and employee benefits
  • BSBHRM529 Coordinate separation and termination processes
  • FNSTPB411 Complete business activity and instalment activity statements


** Units Of Competency electives may change from the above detail listed in this course based on different cohorts and customised programs for clients.

Course Features
  • Study anywhere, anytime
  • User-friendly learning management system
  • Course content and assessments are all online and available 24/7
  • Accreditation ensures that our courses meet established industry needs
  • Assessment are marked within 10 business days
  • No classroom attendance, no travel expenses
  • Trainer and administration support throughout
  • Designated course coordinator with regular contact to help you keep motivated and on track
  • Certificates are issued within 21 days of course completion
  • No hidden fees
Enrolment Process

Once you enrol through the online link above, please be advised that your enrolment will be processed by ISM within 1 business day.

An email with instructions will be sent to you regarding invoice and eLearning details.

Please note: Log on details will only be released once initial payment is received (unless prior arrangements with your organisation). 

It may take up to 2 – 3 business days for you to commence your program.

How are our courses delivered?

At ISM, our courses are offered in both online and workshop formats.

Workshops are limited and based on demand. Contact us on 1300 200 705 if you are interested in completing this course in a workshop.

Assessment Information

Assessments for this course will be provided on your learner portal, which is accessible via Desktop, tablet or mobile.

These assessments vary depending on the unit within the qualification and can include the following:

  • Quizzes
  • Written tasks and/or case studies.
  • Verbal assessment, by way of an interview with your trainer
  • Observation by a trainer
  • Supervisor checklists

To find out more information about assessments and completion requirements, you can contact us here.

Technology Required

To enable completion of this qualification you will require an internet connection to access learning materials and assessments via ISM’s eLearning Portal. 

All materials are online and can be accessed via the ISM e-learning portal.

Our system works best with the following browsers: Safari, Chrome, Firefox, and Internet Explorer 11.

Some assessments may require you to record using a device (such as a smartphone) and submit via our eLearning portal.

To find out more about assessments and completion requirements, you can contact us here.