Small Business Glossary

Australian and New Zealand Standard Industrial Classification (ANZSIC) - definition & overview

Contents

What is the Australian and New Zealand Standard Industrial Classification or ANZSIC system?

ANZSIC stands for the Australian and New Zealand Standard Industrial Classification. It's a system used in both Australia and New Zealand to classify businesses based on their main industry.

What it does for small businesses:

  • Helps government agencies track industry trends and economic activity, including those relevant to small businesses.
  • Provides a common language for businesses to identify their industry sector, which can be useful for reporting and benchmarking.
  • The Australian Taxation Office (ATO) uses a simplified version of ANZSIC codes (called Business Industry Codes or BICs) for tax purposes.

Here's why it's important for small businesses to be aware of ANZSIC:

  • You may need to identify your ANZSIC code for government forms or grant applications.
  • Knowing your industry code can help you find relevant industry statistics and resources.
  • It can connect you with other businesses in your sector.

Finding your ANZSIC code:

The Australian Bureau of Statistics (ABS) website provides a handy tool to help you find your code: ABS Business Industry Code Tool.

Remember: ANZSIC is a broad classification system. There may be more specific industry associations or groups that cater to your particular type of small business.

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