What this class covers
ANZSIC class 6419 captures businesses that provide specialized support services to the finance and investment sector in Australia. These are auxiliary services that facilitate financial transactions and investments but don't involve direct lending, insurance underwriting, or principal trading activities. The classification covers a diverse range of operations that support the broader financial ecosystem.
Typical businesses in this category include mortgage brokers who arrange home loans for clients on a commission basis, investment managers who handle portfolios for fees, and trustee companies that administer estates or trusts. The class also includes share registry services that maintain shareholder records for companies, non-bank currency exchange operations, and the management of incorporated stock exchanges.
This classification is used by Australian government agencies for statistical reporting, by businesses when registering for an ABN, and by industry associations for market analysis. It helps differentiate these support services from core banking, insurance, or direct investment activities.
Primary activities in plain English
Businesses classified under ANZSIC 6419 typically engage in one or more of the following activities:
- Arranging home loans for clients and earning commissions or fees
- Managing investment portfolios on behalf of clients for a fee
- Operating share registries that maintain company shareholder records
- Providing trustee services for estates, trusts, or superannuation funds
- Managing superannuation or insurance funds on a commission basis
- Operating currency exchange services (non-bank)
- Running clearing house operations for financial transactions
- Providing financial consulting or investment advisory services
- Operating incorporated stock exchanges
- Administering credit card programs for financial institutions
- Providing executor services for wills and estates
- Offering security valuation services
Exclusions and nearby codes
Several related activities are specifically excluded from this classification and fall under other ANZSIC codes:
Businesses that primarily deal in financial markets on behalf of others, such as stockbrokers who execute trades, are classified under ANZSIC 6411 Financial Asset Broking Services. This distinction separates execution services from auxiliary support services.
Charitable or educational trusts and foundations that mainly engage in investing financial assets are included in ANZSIC 6240 Financial Asset Investing, as their primary activity is investment rather than providing auxiliary services.
Businesses providing insurance services directly (underwriting insurance) fall under Division K but in different classes, while banks and other depository institutions are classified elsewhere in the ANZSIC system.
Practical guidance
When registering your business with the Australian Business Register (ABR), you'll need to select the appropriate ANZSIC code. For auxiliary finance and investment services, ANZSIC 6419 is typically used, which corresponds to Business Industry Code (BIC) 64190 for tax reporting purposes.
Workers' compensation classifications may vary by state, but businesses in this sector generally fall under clerical or financial services categories rather than higher-risk classifications. Premiums are typically based on office-based risk profiles rather than physical labor risks.
When applying for business grants or programs, ensure you use this consistent classification across all government applications. Some industry-specific grants for financial services may be available, though most general business support programs use ANZSIC codes for eligibility assessment.
Keep in mind that some activities within this class may require specific Australian Financial Services (AFS) licenses or other regulatory approvals from ASIC, particularly for investment advice, managed investment schemes, or trustee services.