Important: This page is an independent reference summary. Verify classification decisions against the official ABS source before using them for tax, licensing, immigration or compliance purposes.

What this class covers

ANZSIC class 6411 classifies businesses that act as intermediaries in financial markets, executing trades in various financial assets on behalf of clients for a commission or transaction fee. These businesses facilitate market transactions rather than investing their own capital. The classification applies to operations where the primary revenue comes from broking fees rather than investment returns or advisory services.

In Australia, this typically includes licensed stockbrokers who execute share trades, commodity futures brokers dealing in derivatives markets, and businesses that trade mortgage documents between lenders and investors. These operations require appropriate licensing from the Australian Securities and Investments Commission (ASIC) and operate within Australia's financial regulatory framework.

Examples of businesses in this class include: a licensed stockbroking firm executing client orders on the ASX; a commodity futures broker arranging derivatives contracts for agricultural producers; a mortgage trading platform connecting lenders with investors; a fixed-income broker trading government bonds for institutional clients; and a financial intermediary specializing in corporate bond transactions.

Primary activities in plain English

  • Buying and selling stocks and shares for clients in exchange for commission fees
  • Trading commodity futures contracts on behalf of customers for a transaction fee
  • Brokering various financial assets including bonds and derivatives for clients
  • Operating platforms that facilitate trading of mortgage documents between parties
  • Underwriting new issues of financial assets for corporations or governments

Exclusions and nearby codes

This class specifically excludes businesses that invest their own capital in financial assets. These operations fall under ANZSIC class 6240: Financial Asset Investing, which covers entities primarily engaged in investing money in shares, bonds, and other financial instruments for their own account.

The classification also excludes businesses that provide investment management or advisory services without executing trades. These activities are classified under ANZSIC class 6419: Other Auxiliary Finance and Investment Services, which includes financial planning, investment advice, and mortgage broking that doesn't involve trading mortgage documents.

Practical guidance

Businesses operating in this classification typically need an Australian Business Number (ABN) and must register for GST if their annual turnover exceeds $75,000. They should use the Business Industry Code (BIC) 64110 when dealing with government agencies.

For workers' compensation insurance, businesses in this class are generally classified under financial services categories, which may vary by state. Premium rates depend on specific operational risks and payroll amounts.

These businesses must maintain appropriate Australian Financial Services Licences (AFSL) from ASIC and comply with financial services regulations. They typically report income as business income rather than investment income on tax returns, with commissions and fees as primary revenue sources.