Precious metals & stones dealers 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 precious metals & stones dealers, 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 11 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:
| 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 |
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 (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 (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
- 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)
- Track eligibility for the electric car FBT exemption: only if you provide electric vehicles to employees
- AASB S1 (general sustainability) disclosures — voluntary today, mandatory pending: only if you choose to report voluntarily under AASB S1
- Comply with AANA Code of Ethics + community guidelines: only if you advertise to consumers or engage influencers
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 500+ employees, turnover $1B+?
- 74 obligations apply (26 critical) across 30 regulators, plus 11 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
- 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: 1–5 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 Victoria: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Queensland: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Western Australia: 500+ employees, turnover $1B+
- Precious metals & stones dealers in South Australia: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Tasmania: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Northern Territory: 500+ employees, turnover $1B+
- Precious metals & stones dealers in Australian Capital Territory: 500+ employees, turnover $1B+
- 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.