Lawyers & solicitors compliance obligations in New South Wales: 500+ employees, turnover $1B+
Computed by the Rules Mate applicability engine for a Pty Ltd company with 500+ employees, turnover $1B+, in lawyers & solicitors, operating in New South Wales and selling to consumers and small businesses.
Short answer: 74 obligations
74 obligations apply (26 critical) across 30 regulators, plus 14 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity. 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 New South Wales, 2 obligations apply that did not.
New South Wales law that applies
5 New South Wales obligations apply on these facts, and 1 more is worth checking:
| Obligation | Why it applies |
|---|---|
| PCBU primary duty of care (NSW WHS Act s 19) | Every business is a PCBU — the primary duty of care applies whether or not you employ anyone · NSW law |
| Notify SafeWork NSW of notifiable WHS incidents | Every PCBU must notify the regulator of notifiable incidents (death, serious injury, dangerous incident) · NSW law |
| Pay NSW payroll tax when threshold met | 500+ employees — wages far exceed the NSW payroll tax threshold of $1.2M |
| Pay long service leave under the LSL Act 1955 (NSW) | You have employees (500+) · NSW law |
| Comply with Workplace Surveillance Act 2005 (NSW) | You have employees (500+) · NSW law |
| NSW + VIC solicitor trust account requirements | Check: applies only if you hold trust money |
Payroll tax in New South Wales (FY2026-27)
NSW: 5.45% on Australian wages above the $1.2 million tax-free threshold (FY2026-27). On these facts it applies: 500+ employees — wages far exceed the NSW payroll tax threshold of $1.2M.
- How the threshold works
- Flat tax-free threshold, apportioned by the share of Australian wages paid in NSW and by days employed; only one group member claims it.
- Returns
- Monthly by the 7th of the following month; annual reconciliation by 28 July
- Administered by
- Revenue NSW
New South Wales regulators
Where the obligations sit
| Area | Obligations |
|---|---|
| Privacy | 9 |
| Aml ctf | 8 |
| Tax | 8 |
| Workplace | 8 |
| Climate | 6 |
| Directors | 4 |
| Whs | 4 |
| Super | 2 |
| Migration | 2 |
| Corporations | 2 |
Critical obligations on this profile
- Enrol with AUSTRAC as a reporting entity (Tranche 2 industry (Lawyers & solicitors) — AML/CTF reporting entity from 1 July 2026)
- Maintain a written AML/CTF program (Tranche 2 industry (Lawyers & solicitors) — AML/CTF reporting entity from 1 July 2026)
- Customer due diligence (KYC) on every customer (Tranche 2 industry (Lawyers & solicitors) — AML/CTF reporting entity from 1 July 2026)
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC (Tranche 2 industry (Lawyers & solicitors) — AML/CTF reporting entity from 1 July 2026)
- 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
- Trust account audit + ASIC / state regulator submission: only if you hold money in a statutory trust account
- Conduct conveyancing via PEXA (e-conveyancing) where mandated: only if you act in property transactions
- NSW + VIC solicitor trust account requirements: only if you hold trust money
- 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
- 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 lawyers and solicitors in New South Wales with 500+ employees, turnover $1B+?
- 74 obligations apply (26 critical) across 30 regulators, plus 14 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity. These carry licence conditions, regulator audit and per-contravention civil penalties.
- Which New South Wales laws apply?
- PCBU primary duty of care (NSW WHS Act s 19), Notify SafeWork NSW of notifiable WHS incidents, Pay NSW payroll tax when threshold met, Pay long service leave under the LSL Act 1955 (NSW) and Comply with Workplace Surveillance Act 2005 (NSW)
Related
- Lawyers & solicitors compliance in New South Wales
- Lawyers & solicitors: all obligations
- Compliance obligations by industry, state and size
- Lawyers & solicitors in NSW: sole trader
- Lawyers & solicitors in NSW: sole trader with employees
- Lawyers & solicitors in NSW: partnership
- Lawyers & solicitors in NSW: trading trust
- Lawyers & solicitors in NSW: no employees
- Lawyers & solicitors in NSW: 1–5 employees
- Lawyers & solicitors in NSW: 20–99 employees
- Lawyers & solicitors in NSW: 100–499 employees
- Lawyers & solicitors in NSW: 100–499 employees, turnover $100M–$1B
- Lawyers & solicitors in Victoria: 500+ employees, turnover $1B+
- Lawyers & solicitors in Queensland: 500+ employees, turnover $1B+
- Lawyers & solicitors in Western Australia: 500+ employees, turnover $1B+
- Lawyers & solicitors in South Australia: 500+ employees, turnover $1B+
- Lawyers & solicitors in Tasmania: 500+ employees, turnover $1B+
- Lawyers & solicitors in Northern Territory: 500+ employees, turnover $1B+
- Lawyers & solicitors in Australian Capital Territory: 500+ employees, turnover $1B+
- Enrol with AUSTRAC as a reporting entity: does it apply to lawyers & solicitors?
- Maintain a written AML/CTF program: does it apply to lawyers & solicitors?
- Customer due diligence (KYC) on every customer: does it apply to lawyers & solicitors?
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC: does it apply to lawyers & solicitors?
Sources
- Revenue NSW: payroll tax thresholds and rates
- PCBU primary duty of care (NSW WHS Act s 19)
- Notify SafeWork NSW of notifiable WHS incidents
- Pay long service leave under the LSL Act 1955 (NSW)
- Comply with Workplace Surveillance Act 2005 (NSW)
- Enrol with AUSTRAC as a reporting entity
- Customer due diligence (KYC) on every customer
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC
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.