Fintech (non-bank) compliance obligations in Tasmania: partnership
Computed by the Rules Mate applicability engine for a partnership with 1–5 employees, turnover $100K–$1M, in fintech (non-bank), operating in Tasmania and selling to consumers and small businesses.
Short answer: 32 obligations
32 obligations apply (12 critical) across 23 regulators, plus 15 to check. Risk rating: medium. No licensed regime, but you employ staff (WHS, Fair Work, super and payroll duties); 12 critical obligations apply.
Partnership or company: what changes
Compared with the same business run through a Pty Ltd company (1–5 employees) in Tasmania, 0 obligations apply that did not, and 9 drop away.
- No longer applies: Apply for a Director Identification Number (Director ID)
- No longer applies: Comply with directors' general law and statutory duties
- No longer applies: Prevent insolvent trading (s 588G)
- No longer applies: Pay company PAYG/GST/SG or face Director Penalty Notice (DPN)
- No longer applies: Lodge the ASIC annual company statement and review fee
- No longer applies: Determine large proprietary company status annually
- No longer applies: Pay ASIC fees + lodge prescribed forms
- No longer applies: Discharge of directors' duties — practical evidence
Tasmania law that applies
2 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 |
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 the business is below the Tasmania threshold, so payroll tax does not apply yet.
- 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 |
|---|---|
| Workplace | 7 |
| Tax | 6 |
| Whs | 4 |
| Super | 2 |
| Migration | 2 |
| Privacy | 2 |
| Consumer law | 2 |
| Wages | 1 |
| Discrimination | 1 |
| Payroll | 1 |
Critical obligations on this profile
- Pay superannuation on every payday (Payday Super) (You have employees (1–5))
- Pay employees in accordance with the applicable modern award (You have employees (1–5))
- Manage psychosocial hazards at work (You have employees (1–5))
- Take reasonable and proportionate measures to prevent sex discrimination, sexual (You have employees (1–5))
- Australian Business Number (ABN) application (Every business carrying on an enterprise needs an ABN)
- Lodge Business Activity Statements at assigned frequency (Turnover above the $75K GST registration threshold)
- Withhold PAYG from employee and contractor payments (You have employees (1–5))
- Provide 10 days paid family + domestic violence leave (FDV) (You have employees (1–5))
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
- 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
- Comply with CDR Banking (Open Banking) — major + non-major ADIs: only if you are an accredited CDR data recipient
Thresholds to watch
- Lose the Privacy Act small-business exemption at $3M annual turnover (removal of the exemption altogether is proposed, not yet law) (threshold $3M; approaching)
Questions
- How many compliance obligations apply to fintech (non-bank) businesses in Tasmania run as a partnership with 1–5 employees?
- 32 obligations apply (12 critical) across 23 regulators, plus 15 to check. Risk rating: medium. No licensed regime, but you employ staff (WHS, Fair Work, super and payroll duties); 12 critical obligations apply.
- Which Tasmania laws apply?
- PCBU primary duty of care (TAS WHS Act s 19) and Industrial manslaughter offence (TAS WHS Act s 29C)
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: 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 TAS: 500+ employees, turnover $1B+
- Fintech (non-bank) in New South Wales: partnership
- Fintech (non-bank) in Victoria: partnership
- Fintech (non-bank) in Queensland: partnership
- Fintech (non-bank) in Western Australia: partnership
- Fintech (non-bank) in South Australia: partnership
- Fintech (non-bank) in Northern Territory: partnership
- Fintech (non-bank) in Australian Capital Territory: partnership
- 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)
- Pay superannuation on every payday (Payday Super)
- Pay employees in accordance with the applicable modern award
- Manage psychosocial hazards at work
- Take reasonable and proportionate measures to prevent sex discrimination, sexual harassment and victimisation (positive duty)
- Australian Business Number (ABN) application
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.