Banks & ADIs compliance obligations in Western Australia: 500+ employees, turnover $1B+
Computed by the Rules Mate applicability engine for a Pty Ltd company with 500+ employees, turnover $1B+, in banks & adis, operating in Western Australia and selling to consumers and small businesses.
Short answer: 90 obligations
90 obligations apply (36 critical) across 31 regulators, plus 14 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity, credit provider, APRA-regulated. These carry licence conditions, regulator audit and per-contravention civil penalties.
Turnover $1B+ instead of $100M–$1B: what changes
Compared with a Pty Ltd company with 500+ employees, turnover $100M–$1B in Western Australia, 2 obligations apply that did not.
Western Australia law that applies
2 Western Australia obligations apply on these facts:
| Obligation | Why it applies |
|---|---|
| PCBU primary duty of care (WA WHS Act 2020 s 19) | Every business is a PCBU — the primary duty of care applies whether or not you employ anyone · WA law |
| Pay Western Australian payroll tax when threshold met | 500+ employees — wages far exceed the WA payroll tax threshold of $1M |
Payroll tax in Western Australia (FY2026-27)
WA: 5.5% on Australian wages above the $1 million tax-free threshold (FY2026-27). On these facts it applies: 500+ employees — wages far exceed the WA payroll tax threshold of $1M.
- How the threshold works
- Diminishing threshold: reduces by $2 for every $13 of Australian wages above $1M, reaching nil at $7.5M.
- Returns
- Monthly by the 7th of the following month; annual reconciliation by 21 July
- Administered by
- RevenueWA
Western Australia regulators
Where the obligations sit
| Area | Obligations |
|---|---|
| Privacy | 10 |
| Aml ctf | 8 |
| Tax | 8 |
| Workplace | 8 |
| Climate | 6 |
| Directors | 4 |
| Credit | 4 |
| Whs | 3 |
| Super | 2 |
| Cyber | 2 |
Critical obligations on this profile
- Enrol with AUSTRAC as a reporting entity (Authorised deposit-taking institution — AML/CTF reporting entity)
- Maintain a written AML/CTF program (Authorised deposit-taking institution — AML/CTF reporting entity)
- Customer due diligence (KYC) on every customer (Authorised deposit-taking institution — AML/CTF reporting entity)
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC (Authorised deposit-taking institution — AML/CTF reporting entity)
- Notifiable Data Breach (NDB) scheme (Annual turnover over $3M — an APP entity under the Privacy Act (s 6D))
- Apply for a Director Identification Number (Director ID) (Incorporated company (Corporations Act))
- Comply with directors' general law and statutory duties (Incorporated company (Corporations Act))
- Prevent insolvent trading (s 588G) (Incorporated company (Corporations Act))
Check whether these apply
- Mortgage broker best interests duty: only if you are a mortgage broker
- Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms): only if you provide small amount credit contracts or consumer leases
- 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
- Pre-2025 ban on unsolicited credit limit increase invitations: only if you issue credit cards
- PCBU primary duty of care — Comcare scheme (WHS Act 2011 (Cth) s 19): only if you are a Comcare self-insured licensee or a Commonwealth entity (Comcare scheme)
- Industrial manslaughter offence — Comcare scheme (WHS Act 2011 (Cth) s 30A): only if you are a Comcare self-insured licensee or a Commonwealth entity (Comcare scheme)
Questions
- How many compliance obligations apply to banks and ADIs in Western Australia with 500+ employees, turnover $1B+?
- 90 obligations apply (36 critical) across 31 regulators, plus 14 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity, credit provider, APRA-regulated. These carry licence conditions, regulator audit and per-contravention civil penalties.
- Which Western Australia laws apply?
- PCBU primary duty of care (WA WHS Act 2020 s 19) and Pay Western Australian payroll tax when threshold met.
Related
- Banks & ADIs compliance in Western Australia
- Banks & ADIs: all obligations
- Compliance obligations by industry, state and size
- Banks & ADIs in WA: sole trader
- Banks & ADIs in WA: sole trader with employees
- Banks & ADIs in WA: partnership
- Banks & ADIs in WA: trading trust
- Banks & ADIs in WA: no employees
- Banks & ADIs in WA: 1–5 employees
- Banks & ADIs in WA: 20–99 employees
- Banks & ADIs in WA: 100–499 employees
- Banks & ADIs in WA: 100–499 employees, turnover $100M–$1B
- Banks & ADIs in New South Wales: 500+ employees, turnover $1B+
- Banks & ADIs in Victoria: 500+ employees, turnover $1B+
- Banks & ADIs in Queensland: 500+ employees, turnover $1B+
- Banks & ADIs in South Australia: 500+ employees, turnover $1B+
- Banks & ADIs in Tasmania: 500+ employees, turnover $1B+
- Banks & ADIs in Northern Territory: 500+ employees, turnover $1B+
- Banks & ADIs in Australian Capital Territory: 500+ employees, turnover $1B+
- Enrol with AUSTRAC as a reporting entity: does it apply to banks & adis?
- Maintain a written AML/CTF program: does it apply to banks & adis?
- Customer due diligence (KYC) on every customer: does it apply to banks & adis?
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC: does it apply to banks & adis?
Sources
- RevenueWA: payroll tax thresholds and rates
- PCBU primary duty of care (WA WHS Act 2020 s 19)
- 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
- Apply for a Director Identification Number (Director ID)
- Comply with directors' general law and statutory duties
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.