6240 Financial Asset Investing
This class consists of units mainly engaged in investing money on their own account in predominantly financial assets such as shares, bonds, bills and financial derivatives (including mortgages), excluding units of separately constituted superannuation funds. Also included are investment type unit trusts mainly engaged in holding financial assets, as well as financial holding companies holding shares in subsidiary companies.
- Division
- K Financial and Insurance Services
- Parent group
- 624 Financial Asset Investing
- Edition
- 2006 Revision 2.0
- Status
- Active
What this code includes
This class consists of units mainly engaged in investing money on their own account in predominantly financial assets such as shares, bonds, bills and financial derivatives (including mortgages), excluding units of separately constituted superannuation funds. Also included are investment type unit trusts mainly engaged in holding financial assets, as well as financial holding companies holding shares in subsidiary companies.
Activities and examples
- Charitable/educational trust or foundation operation (investment type; in predominantly financial assets, except trust management services on a commission or fee basis)
- Friendly society operation (investment type; in predominantly financial assets)
- Holding company operation (viz. holding shares in subsidiary companies)
- Investment operation (own account; in predominantly financial assets; except superannuation funds)
- Mutual fund operation (except fund management on a commission or fee basis)
- Unit trust operation (investment type; in predominantly financial assets; except trust management on a commission or fee basis)
Exclusions and references
- providing benefits through separately constituted funds - see ANZSIC 6330 (Superannuation Funds)
- underwriting new security issues or in buying or selling stocks, shares or other financial securities for others - see ANZSIC 6411 (Financial Asset Broking Services)
- managing (e.g. on a commission or fee basis) financial asset investments for others (except for separately constituted superannuation funds), or units mainly engaged in providing trustee or financial asset investment advisory services, - see ANZSIC 6419 (Other Auxiliary Finance and Investment Services)
- renting and leasing non-financial intangible assets such as patents and trademarks - see ANZSIC 6640 (Non-Financial Intangible Assets (Except Copyrights) Leasing)
- operating residential property trusts - see ANZSIC 6711 (Residential Property Operators)
- operating non-residential property trusts - see ANZSIC 6712 (Non-Residential Property Operators)
Classification hierarchy
- ANZSIC
- K Financial and Insurance Services
- 62 Finance
- 624 Financial Asset Investing
- 6240 Financial Asset Investing
Correspondence mappings
Related ATO BIC codes
Other classes in this group
- 6330 Superannuation Funds providing benefits through separately constituted funds is classified there.
- 6411 Financial Asset Broking Services underwriting new security issues or in buying or selling stocks, shares or other financial securities for others is classified there.
- 6419 Other Auxiliary Finance and Investment Services managing (e.g. on a commission or fee basis) financial asset investments for others (except for separately constituted superannuation funds), or units mainly engaged in providing trustee or financial asset investment advisory services, is classified there.
- 6640 Non-Financial Intangible Assets (Except Copyrights) Leasing renting and leasing non-financial intangible assets such as patents and trademarks is classified there.
- 6711 Residential Property Operators operating residential property trusts is classified there.
In this section
- 6240Financial Asset Investing
Official source
- Official source
- ABS detailed classification page
- Last reviewed
- 2026-04-17
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