What this class covers
ANZSIC class 2431 encompasses Australian businesses primarily engaged in manufacturing various types of insulated electrical cables, wires, and related conductive products. This includes companies producing cables for power transmission, telecommunications, and electronic applications. The classification specifically covers insulated non-ferrous cables and wires, coaxial cables for signal transmission, fuse wires for electrical protection, and insulated optical fibre cables for data communication.
Typical operations in this class include manufacturers supplying electrical wholesalers, construction companies, telecommunications providers, and industrial equipment manufacturers. Examples include a Melbourne-based factory producing insulated copper wiring for residential and commercial buildings, a Sydney manufacturer specializing in coaxial cables for telecommunications networks, and a Brisbane facility creating custom insulated wiring harnesses for automotive or appliance manufacturers.
This classification is used by government agencies, researchers, and industry bodies to track manufacturing activity, analyze economic trends, and develop policy for Australia's electrical equipment manufacturing sector. Businesses in this class typically operate manufacturing facilities with specialized extrusion equipment for applying insulation materials to conductive cores.
Primary activities in plain English
Businesses in this class typically engage in one or more of the following activities:
- Manufacturing coaxial cables used for television, internet, and other signal transmission applications
- Producing fuse wires designed to protect electrical circuits from overcurrent conditions
- Manufacturing non-ferrous electrical cables, wires, or strips with various types of insulation
- Producing insulated optical fibre cables for data transmission, including telecommunications applications
- Manufacturing general purpose electrical wires and cables for power distribution
- Creating braided or specially constructed cables for specific industrial applications
Exclusions and nearby codes
Certain related activities are specifically excluded from this classification and fall under other ANZSIC classes:
Manufacturing uninsulated optical fibre cable is classified under ANZSIC 2419 (Other Professional and Scientific Equipment Manufacturing). This distinction separates basic fibre production from the insulation and cabling processes covered in class 2431.
Businesses engaged in laying or installing electric or telephone cable or wire are classified under ANZSIC 3232 (Electrical Services). This separation distinguishes manufacturing activities from installation and contracting services in the electrical industry.
Practical guidance
Businesses operating in this classification should register for an ABN and indicate manufacturing as their primary activity. When completing Business Activity Statements, appropriate codes for manufacturing electrical equipment should be used. For tax purposes, businesses may need to account for raw material inputs (metals, insulation materials) and capital equipment depreciation for manufacturing machinery.
Workers' compensation insurance classifications for this industry typically fall under manufacturing categories with risk assessments based on factory operations rather than electrical installation work. Businesses may be eligible for manufacturing grants or incentives, particularly those investing in advanced manufacturing technologies or exporting products.
The Australian Bureau of Statistics uses this classification for economic surveys, so businesses may be contacted to provide production and employment data. The corresponding BIC code 24310 aligns with this ANZSIC class for statistical reporting purposes.