Precious metals & stones dealers compliance obligations in New South Wales: 1–5 employees
Computed by the Rules Mate applicability engine for a Pty Ltd company with 1–5 employees, turnover $100K–$1M, in precious metals & stones dealers, operating in New South Wales and selling to consumers and small businesses.
Short answer: 58 obligations
58 obligations apply (24 critical) across 24 regulators, plus 8 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 at 1–5 employees
Compared with a precious metals & stones dealers business with no employees in New South Wales, 21 obligations apply that did not.
- Applies: Pay superannuation on every payday (Payday Super)
- Applies: Pay employees in accordance with the applicable modern award
- Applies: Manage psychosocial hazards at work
- Applies: Take reasonable and proportionate measures to prevent sex discrimination, sexual
- Applies: Withhold PAYG from employee and contractor payments
- Applies: Provide 10 days paid family + domestic violence leave (FDV)
- Applies: Document VEVO checks + retain employer records (s 245AYL Migration Act)
- Applies: Casual employment definition + conversion (Closing Loopholes 2024)
- Applies: Report under Single Touch Payroll Phase 2
- Applies: Honour employees' right to disconnect (s 333M)
What switches on at 6–19 employees
Nothing new switches on for a Pty Ltd company with 6–19 employees, turnover $1M–$3M.
New South Wales law that applies
4 New South Wales obligations apply on these facts:
| 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 long service leave under the LSL Act 1955 (NSW) | You have employees (1–5) · NSW law |
| Comply with Workplace Surveillance Act 2005 (NSW) | You have employees (1–5) · NSW law |
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 the business is below the New South Wales threshold, so payroll tax does not apply yet.
- 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 | 7 |
| Workplace | 7 |
| Directors | 4 |
| Whs | 4 |
| Super | 2 |
| Migration | 2 |
| Corporations | 2 |
| Consumer law | 2 |
Critical 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)))
- 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
- 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
- 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
- Electric Cars FBT Exemption (Cwlth): only if you provide electric vehicles to employees
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)
Check your AML/CTF programUpload the AML/CTF program you already have and get a gap score against the Tranche 2 requirements of the Act and Rules. Personal information is removed before analysis.Primary actionRun the compliance journeyAnswer a short questionnaire about your business and get the obligations that apply to you, with the reason each one applies.
Questions
- How many compliance obligations apply to precious metals and stones dealers in New South Wales with 1–5 employees?
- 58 obligations apply (24 critical) across 24 regulators, plus 8 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 long service leave under the LSL Act 1955 (NSW) and Comply with Workplace Surveillance Act 2005 (NSW)
Related
- Precious metals & stones dealers compliance in New South Wales
- Precious metals & stones dealers: all obligations
- Compliance obligations by industry, state and size
- Precious metals & stones dealers in NSW: sole trader
- Precious metals & stones dealers in NSW: sole trader with employees
- Precious metals & stones dealers in NSW: partnership
- Precious metals & stones dealers in NSW: trading trust
- Precious metals & stones dealers in NSW: no employees
- Precious metals & stones dealers in NSW: 20–99 employees
- Precious metals & stones dealers in NSW: 100–499 employees
- Precious metals & stones dealers in NSW: 100–499 employees, turnover $100M–$1B
- Precious metals & stones dealers in NSW: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Victoria: 1–5 employees
- Precious metals & stones dealers in Queensland: 1–5 employees
- Precious metals & stones dealers in Western Australia: 1–5 employees
- Precious metals & stones dealers in South Australia: 1–5 employees
- Precious metals & stones dealers in Tasmania: 1–5 employees
- Precious metals & stones dealers in Northern Territory: 1–5 employees
- Precious metals & stones dealers in Australian Capital Territory: 1–5 employees
- 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
- 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.