ANZSICDivision
ANZSIC K—Financial and insurance services
Division · Australian and New Zealand Standard Industrial Classification (2006 Rev 2.0)
Where K sits
- K Financial and insurance services
Contains 3 narrower codes
What K includes
- The Financial and Insurance Services Division includes units mainly engaged in financial transactions involving the creation, liquidation, or change in ownership of financial assets, and/or in facilitating financial transactions.assets, and/or in facilitating financial transactions.
- The range of activities include:
- Raising funds by taking deposits and/or issuing securities and, in the process,incurring liabilities;
- Specialised services facilitating or supporting financial intermediation, insurance and employee benefit programs.
- Also included in this division are central banking, monetary control and the regulation of financial activities.
Example activities
- units investing their own funds in a range of financial assets;
- pooling risk by underwriting insurance and annuities;
- separately constituted funds engaged in the provision of retirement incomes; and
K in other systems
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