Trust & company service providers compliance obligations in Northern Territory: trading trust
Computed by the Rules Mate applicability engine for a trading trust with 6–19 employees, turnover $1M–$3M, in trust & company service providers, operating in Northern Territory and selling to consumers and small businesses.
Short answer: 48 obligations
48 obligations apply (21 critical) across 23 regulators, plus 10 to check. Risk rating: high. Licensed or supervised regime: AML/CTF reporting entity. These carry licence conditions, regulator audit and per-contravention civil penalties.
Trading trust or company: what changes
Compared with the same business run through a Pty Ltd company (6–19 employees) in Northern Territory, 1 obligation applies 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
Northern Territory law that applies
2 Northern Territory obligations apply on these facts, and 1 more is worth checking:
| Obligation | Why it applies |
|---|---|
| PCBU primary duty of care (NT WHS Act s 19) | Every business is a PCBU — the primary duty of care applies whether or not you employ anyone · NT law |
| Industrial manslaughter offence (NT WHS Act s 34B) | Applies to every PCBU and its officers — a death caused by reckless or negligent breach of a WHS duty is a crime · NT law |
| Pay Northern Territory payroll tax when threshold met | Check: applies only if your annual Australian wages (grouped) exceed $2.5M |
Payroll tax in Northern Territory (FY2026-27)
NT: 5.5% on Australian wages above the $2.5 million tax-free threshold (FY2026-27). On these facts it may apply: 6–19 employees in NT — enter annual payroll to confirm; it applies only if your annual Australian wages (grouped) exceed $2.5M.
- How the threshold works
- Deductible amount from the $2.5M threshold under the Act's Schedule (deduction settings unchanged from 1 July 2026).
- Returns
- Monthly by the 21st of the following month; annual reconciliation by 21 July
- Administered by
- Territory Revenue Office
Northern Territory regulators
Where the obligations sit
| Area | Obligations |
|---|---|
| Aml ctf | 8 |
| Privacy | 8 |
| Tax | 7 |
| Workplace | 7 |
| Whs | 4 |
| Super | 2 |
| Migration | 2 |
| Consumer law | 2 |
| Wages | 1 |
| Discrimination | 1 |
Critical obligations on this profile
- Enrol with AUSTRAC as a reporting entity (Tranche 2 industry (Trust & company service providers) — AML/CTF reporting entity from 1 July 2026)
- Maintain a written AML/CTF program (Tranche 2 industry (Trust & company service providers) — AML/CTF reporting entity from 1 July 2026)
- Customer due diligence (KYC) on every customer (Tranche 2 industry (Trust & company service providers) — AML/CTF reporting entity from 1 July 2026)
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC (Tranche 2 industry (Trust & company service providers) — AML/CTF reporting entity from 1 July 2026)
- Notifiable Data Breach (NDB) scheme (AML/CTF reporting entity — covered by the Privacy Act for AML/CTF activities (s 6E(1A)))
- Pay superannuation on every payday (Payday Super) (You have employees (6–19))
- Pay employees in accordance with the applicable modern award (You have employees (6–19))
- Manage psychosocial hazards at work (You have employees (6–19))
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
- Pay Northern Territory payroll tax when threshold met: only if your annual Australian wages (grouped) exceed $2.5M
- Influencer + ad disclosure under ACL + AANA Code: only if you advertise to consumers or engage influencers
- Pay redundancy under NES (s 119 FW Act): only if you have 15 or more employees (FW Act s 121 small business exemption)
- 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
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; very close)
Questions
- How many compliance obligations apply to trust and company service providers in Northern Territory run through a trading trust with 6–19 employees?
- 48 obligations apply (21 critical) across 23 regulators, plus 10 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 Northern Territory laws apply?
- PCBU primary duty of care (NT WHS Act s 19) and Industrial manslaughter offence (NT WHS Act s 34B)
Related
- Trust & company service providers compliance in Northern Territory
- Trust & company service providers: all obligations
- Compliance obligations by industry, state and size
- Trust & company service providers in NT: sole trader
- Trust & company service providers in NT: sole trader with employees
- Trust & company service providers in NT: partnership
- Trust & company service providers in NT: no employees
- Trust & company service providers in NT: 1–5 employees
- Trust & company service providers in NT: 20–99 employees
- Trust & company service providers in NT: 100–499 employees
- Trust & company service providers in NT: 100–499 employees, turnover $100M–$1B
- Trust & company service providers in NT: 500+ employees, turnover $1B+
- Trust & company service providers in New South Wales: trading trust
- Trust & company service providers in Victoria: trading trust
- Trust & company service providers in Queensland: trading trust
- Trust & company service providers in Western Australia: trading trust
- Trust & company service providers in South Australia: trading trust
- Trust & company service providers in Tasmania: trading trust
- Trust & company service providers in Australian Capital Territory: trading trust
- Enrol with AUSTRAC as a reporting entity: does it apply to trust & company service providers?
- Maintain a written AML/CTF program: does it apply to trust & company service providers?
- Customer due diligence (KYC) on every customer: does it apply to trust & company service providers?
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC: does it apply to trust & company service providers?
Sources
- Territory Revenue Office: payroll tax thresholds and rates
- PCBU primary duty of care (NT WHS Act s 19)
- Industrial manslaughter offence (NT WHS Act s 34B)
- Enrol with AUSTRAC as a reporting entity
- Customer due diligence (KYC) on every customer
- Suspicious matter, threshold, and IFTI reporting to AUSTRAC
- Notifiable Data Breach (NDB) scheme
- Pay superannuation on every payday (Payday Super)
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.