Precious metals & stones dealers compliance obligations for a trading trust
Computed by the Rules Mate applicability engine for a trading trust in precious metals & stones dealers with 6–19 employees, turnover $1M–$3M, selling to consumers and small businesses.
Short answer: 46 obligations
46 Commonwealth obligations apply to a trading trust in precious metals & stones dealers with 6–19 employees, turnover $1M–$3M (19 critical), plus 9 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity. These carry licence conditions, regulator audit and per-contravention civil penalties.
What the structure changes
Compared with a Pty Ltd company of the same size in precious metals & stones dealers, a trading trust picks up 1 Commonwealth obligation and drops 9.
- Does not apply: Apply for a Director Identification Number (Director ID)
- Does not apply: Comply with directors' general law and statutory duties
- Does not apply: Prevent insolvent trading (s 588G)
- Does not apply: Pay company PAYG/GST/SG or face Director Penalty Notice (DPN)
- Does not apply: Lodge the ASIC annual company statement and review fee
- Does not apply: Determine large proprietary company status annually
- Does not apply: Pay ASIC fees + lodge prescribed forms
- Does not apply: Discharge of directors' duties — practical evidence
- Does not apply: Beneficial ownership transparency (Tranche 3 — under consultation)
Duties that come with being a trading trust
Critical Commonwealth obligations on this profile
- Enrol with AUSTRAC as a reporting entity (Dealer in precious metals or stones — a reporting entity from 1 July 2026 if any sale or purchase is $10,000+ in cash or virtual assets (answer the designated-services question to confirm))
- Maintain a written AML/CTF program (Dealer in precious metals or stones — a reporting entity from 1 July 2026 if any sale or purchase is $10,000+ in cash or virtual assets (answer the designated-services question to confirm))
- Customer due diligence (KYC) on every customer (Dealer in precious metals or stones — a reporting entity from 1 July 2026 if any sale or purchase is $10,000+ in cash or virtual assets (answer the designated-services question to confirm))
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC (Dealer in precious metals or stones — a reporting entity from 1 July 2026 if any sale or purchase is $10,000+ in cash or virtual assets (answer the designated-services question to confirm))
- Notifiable Data Breach (NDB) scheme (AML/CTF reporting entity — covered by the Privacy Act for AML/CTF activities (s 6E(1A)))
- Pay superannuation on every payday (Payday Super) (You have employees (6–19))
- Pay employees in accordance with the applicable modern award (You have employees (6–19))
- Manage psychosocial hazards at work (You have employees (6–19))
Check whether these apply
- Lodge an FBT return and pay FBT by 21 May: only if you provide fringe benefits (cars, entertainment, loans) to employees
- Wash outbound marketing lists against the Do Not Call Register: only if you make outbound telemarketing calls
- Influencer + ad disclosure under ACL + AANA Code: only if you advertise to consumers or engage influencers
- Pay redundancy under NES (s 119 FW Act): only if you have 15 or more employees (FW Act s 121 small business exemption)
- Track eligibility for the electric car FBT exemption: only if you provide electric vehicles to employees
- Comply with AANA Code of Ethics + community guidelines: only if you advertise to consumers or engage influencers
- Enforce + manage post-employment restraints — current state: only if your contracts contain restraint of trade clauses
- Child Support — employer deductions: only if Services Australia serves you a child support deduction notice
State and territory law
This page counts Commonwealth obligations only. Payroll tax, workplace safety, licensing and other state duties depend on where the business operates; the industry's state pages list them.
Other structures and industries
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Questions
- What compliance obligations apply to a trading trust in precious metals & stones dealers?
- 46 Commonwealth obligations apply to a trading trust in precious metals & stones dealers with 6–19 employees, turnover $1M–$3M (19 critical), plus 9 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity. These carry licence conditions, regulator audit and per-contravention civil penalties.
- What changes compared with a Pty Ltd company of the same size?
- A trading trust picks up 1 obligations and drops 9, including Make trustee resolutions for trust distributions by 30 June.
Related
- Precious metals & stones dealers: all obligations
- Compliance obligations by structure
- Compliance obligations by industry, state and size
- Enrol with AUSTRAC as a reporting entity: does it apply to precious metals & stones dealers?
- Maintain a written AML/CTF program: does it apply to precious metals & stones dealers?
- Customer due diligence (KYC) on every customer: does it apply to precious metals & stones dealers?
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC: does it apply to precious metals & stones dealers?
Sources
- Make trustee resolutions for trust distributions by 30 June
- Enrol with AUSTRAC as a reporting entity
- Customer due diligence (KYC) on every customer
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC
- Notifiable Data Breach (NDB) scheme
- Pay superannuation on every payday (Payday Super)
Computed by the Rules Mate applicability engine from the published obligation corpus; facts last checked 3 October 2026. Rules Mate is not a law firm and this is general information, not legal advice. Confirm your position with the regulator source or a qualified adviser before acting.