Precious metals & stones dealers compliance obligations in Queensland: 20–99 employees

Compared with a precious metals & stones dealers business with 6–19 employees in Queensland, 2 obligations apply that did not.

• Applies: Pay redundancy under NES (s 119 FW Act)
• Applies: Report ransomware and cyber extortion payments within 72 hours

Moving to a Pty Ltd company with 100–499 employees, turnover $10M–$100M adds 3 obligations:

• Lodge WGEA workplace gender equality report
• Pay Queensland payroll tax when threshold met
• Provide WGEA employer statement on the gender pay gap

2 Queensland obligations apply on these facts, and 1 more is worth checking:

QLD: 4.75% on Australian wages above the $1.3 million tax-free threshold (FY2026-27). On these facts it may apply: 20–99 employees in QLD — enter annual payroll to confirm; it applies only if your annual Australian wages (grouped) exceed $1.3M.

How the threshold works

Deduction of $1.3M reduces by $1 for every $7 of Australian wages above $1.3M, reaching nil at $10.4M.

Surcharges

Mental health levy: 0.25% of Queensland wages above $10M (Australian wages >$10M); additional 0.5% above $100M.

Regional concession

1% rate discount for eligible regional employers (to 30 June 2030)

Returns

Monthly by the 7th of the following month; annual reconciliation by 21 July

Administered by

QRO

• Workplace Health and Safety Queensland (WHSQ)
• Queensland Revenue Office (QRO)
• Office of the Information Commissioner Queensland (OIC Qld)
• Office of Fair Trading Queensland (OFT Qld)
• Queensland Department of Environment, Science and Innovation (DES Qld)
• Office of Liquor and Gaming Regulation (Queensland) (OLGR Qld)

• 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))

• Lodge an FBT return and pay FBT by 21 May: only if you provide fringe benefits (cars, entertainment, loans) to employees
• Pay Queensland payroll tax when threshold met: only if your annual Australian wages (grouped) exceed $1.3M
• 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

• WGEA gender pay gap reporting becomes mandatory (threshold 100 employees; very close)