Fintech (non-bank) compliance obligations in Tasmania: 500+ employees, turnover $1B+
Computed by the Rules Mate applicability engine for a Pty Ltd company with 500+ employees, turnover $1B+, in fintech (non-bank), operating in Tasmania and selling to consumers and small businesses.
Short answer: 63 obligations
63 obligations apply (19 critical) across 29 regulators, plus 19 to check. Risk rating: medium. No licensed regime, but you employ staff (WHS, Fair Work, super and payroll duties); you are an APP entity under the Privacy Act; 19 critical obligations apply.
Turnover $1B+ instead of $100M–$1B: what changes
Compared with a Pty Ltd company with 500+ employees, turnover $100M–$1B in Tasmania, 2 obligations apply that did not.
Tasmania law that applies
3 Tasmania obligations apply on these facts:
| Obligation | Why it applies |
|---|---|
| PCBU primary duty of care (TAS WHS Act s 19) | Every business is a PCBU — the primary duty of care applies whether or not you employ anyone · TAS law |
| Industrial manslaughter offence (TAS WHS Act s 29C) | Applies to every PCBU and its officers — a death caused by reckless or negligent breach of a WHS duty is a crime · TAS law |
| Pay Tasmanian payroll tax when threshold met | 500+ employees — wages far exceed the TAS payroll tax threshold of $1.25M |
Payroll tax in Tasmania (FY2026-27)
TAS: 4% / 6.1% on Australian wages above the $1.25 million tax-free threshold (FY2026-27). On these facts it applies: 500+ employees — wages far exceed the TAS payroll tax threshold of $1.25M.
- How the threshold works
- Two-tier marginal structure on total Australian (grouped) wages.
- Returns
- Monthly by the 7th of the following month; annual reconciliation by 21 July
- Administered by
- SRO Tas
Tasmania regulators
Where the obligations sit
| Area | Obligations |
|---|---|
| Privacy | 8 |
| Tax | 8 |
| Workplace | 8 |
| Climate | 6 |
| Directors | 4 |
| Whs | 4 |
| Super | 2 |
| Migration | 2 |
| Corporations | 2 |
| Modern slavery | 2 |
Critical obligations on this profile
- 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))
- Pay superannuation on every payday (Payday Super) (You have employees (500+))
- Pay employees in accordance with the applicable modern award (You have employees (500+))
- Manage psychosocial hazards at work (You have employees (500+))
- Take reasonable and proportionate measures to prevent sex discrimination, sexual (You have employees (500+))
Check whether these apply
- Major banks must provide CDR Banking + Action Initiation (2026): only if you are an accredited CDR data recipient
- 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
- Consumer Data Right (CDR) participant accreditation + compliance: only if you are an accredited CDR data recipient
- Register R&D activities for the R&D Tax Incentive: only if you claim the R&D Tax Incentive
- Payment Service Provider (PSP) licensing reform — implementation pending: only if you provide payment or stored-value facilities
- Comply with Stored Value Facility rules (banking exception): only if you provide payment or stored-value facilities
- Influencer + ad disclosure under ACL + AANA Code: only if you advertise to consumers or engage influencers
Questions
- How many compliance obligations apply to fintech (non-bank) businesses in Tasmania with 500+ employees, turnover $1B+?
- 63 obligations apply (19 critical) across 29 regulators, plus 19 to check. Risk rating: medium. No licensed regime, but you employ staff (WHS, Fair Work, super and payroll duties); you are an APP entity under the Privacy Act; 19 critical obligations apply.
- Which Tasmania laws apply?
- PCBU primary duty of care (TAS WHS Act s 19), Industrial manslaughter offence (TAS WHS Act s 29C) and Pay Tasmanian payroll tax when threshold met.
Related
- Fintech (non-bank) compliance in Tasmania
- Fintech (non-bank): all obligations
- Compliance obligations by industry, state and size
- Fintech (non-bank) in TAS: sole trader
- Fintech (non-bank) in TAS: sole trader with employees
- Fintech (non-bank) in TAS: partnership
- Fintech (non-bank) in TAS: trading trust
- Fintech (non-bank) in TAS: no employees
- Fintech (non-bank) in TAS: 1–5 employees
- Fintech (non-bank) in TAS: 20–99 employees
- Fintech (non-bank) in TAS: 100–499 employees
- Fintech (non-bank) in TAS: 20–99 employees, turnover $1M–$3M
- Fintech (non-bank) in TAS: 6–19 employees, turnover $3M–$10M
- Fintech (non-bank) in TAS: 100–499 employees, turnover $100M–$1B
- Fintech (non-bank) in New South Wales: 500+ employees, turnover $1B+
- Fintech (non-bank) in Victoria: 500+ employees, turnover $1B+
- Fintech (non-bank) in Queensland: 500+ employees, turnover $1B+
- Fintech (non-bank) in Western Australia: 500+ employees, turnover $1B+
- Fintech (non-bank) in South Australia: 500+ employees, turnover $1B+
- Fintech (non-bank) in Northern Territory: 500+ employees, turnover $1B+
- Fintech (non-bank) in Australian Capital Territory: 500+ employees, turnover $1B+
- Major banks must provide CDR Banking + Action Initiation (2026): does it apply to fintech (non-bank)?
- Consumer Data Right (CDR) participant accreditation + compliance: does it apply to fintech (non-bank)?
- Register R&D activities for the R&D Tax Incentive: does it apply to fintech (non-bank)?
- Payment Service Provider (PSP) licensing reform — implementation pending: does it apply to fintech (non-bank)?
Sources
- SRO Tas: payroll tax thresholds and rates
- PCBU primary duty of care (TAS WHS Act s 19)
- Industrial manslaughter offence (TAS WHS Act s 29C)
- Notifiable Data Breach (NDB) scheme
- Apply for a Director Identification Number (Director ID)
- Comply with directors' general law and statutory duties
- Prevent insolvent trading (s 588G)
- 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.