Show download pdf controls
  • Business industry code tool

    A business industry code (BIC) is a five-digit code that you include on relevant tax returns and schedules, along with an accurate description of your business' main activity.

    BICs are derived from the Australian and New Zealand Standard Industrial Classification (ANZSIC) codes, but have been simplified for tax return reporting purposes.

    Find the correct BIC for your business

    Use the BIC tool to help you find the correct BIC for your business.

    1. If you already know your ANZSIC code or BIC
      1. enter the code in the search field
      2. click through the relevant link and check that it covers your activities.
    2. If you don’t know your code you can search by entering either
      1. your main business activity or business into the search field (for example, ‘poultry meat packing’ or ‘fish and chip shop’)
      2. a keyword into the search field that best describes
        1. your primary business activity (for example, ‘oyster’ if the business is canned oysters manufacturing)
        2. your occupation (for example, carpenter)
        3. the industry (for example, carpentry).
    3. Click through the relevant link and check that it covers your activities.

    The codes are quite broad and cover a lot of different work types, activities and industries. Don’t worry if it doesn’t describe exactly what you do.

    If your business covers a few activities (or if you have more than one business), use the code that gives you the highest gross income or smallest loss.

    For example, if you own a café that also sells toys, but the business makes the majority of its income from selling food and drink. You would use code ‘45110’ for cafes and restaurants instead of the code for toy retailing.

    If you own two separate businesses, the code you use would depend on which business makes the highest gross income (or the smallest loss).

    If you have more than one business, you also need to report this at the relevant labels on your tax return.

    1. If you need to update your business industry code, you need to
      1. enter the new code on your next income tax return
      2. change it on the Australian Business RegisterExternal Link.

    It's important to get it right

    Using the right code is important as it ensures you are lodging your return in the right category. This helps:

    • avoid delays in the processing of your return
    • reduce the risk of your business being incorrectly targeted for compliance activities
    • ensure you receive services and materials that are relevant for your business type.

    After you have the right code industry code, you can also use the small business benchmarks relevant for your industry to help you compare your business' performance against similar businesses in your industry.

    See also:

    Last modified: 10 Apr 2017QC 38335