Activity code |
Activity code description |
1 |
Administrative services Activities that relate to an entity's operations but excluding activities relating to financing and production. These activities include:
|
2 |
Advisory services Activities involving the provision and receipt of professional advice where a fee is paid for the advice, including:
|
3 |
Brokerage Activities involving the mediation between a buyer and a seller, occurring in a range of products, including:
|
4 |
Cash & trade services Activities involving the facilitation of fund transfers and the exchange of goods and services, including:
|
5 |
Custody and transaction clearing services Custody are all activities that are associated with the safekeeping of securities for customers, also includes the collection of dividends, interest and proceeds from securities sales. Transaction clearing are all activities the management of post-trading, pre-settlement credit exposures, to ensure that trades are settled in accordance with market rules, including:
|
6 |
Derivatives Activities undertaken in respect of derivatives (a financial instrument derived from some other asset, index, event, value or condition). The overall derivatives market has five major classes of underlying asset:
|
7 |
Financing activities Activities involving dealings in financial instruments that would qualify as financial assets or financial liabilities under relevant Australian accounting standards or comparable foreign accounting standards but excludes financial instruments that would meet the definition of a derivative. At the time of this publication, the two key Australian accounting standards relevant to this question include:
Note: The relevant amounts may be reported in the financial statements as revenue/gains or expenses/losses, depending on the accounting treatment of your relevant financial assets and financial liabilities (and this includes amounts relating to hedging items that are classified in the financial statements as financial assets or financial liabilities). Therefore, for the purposes of this activity code, the terms: 'expenditure and losses'; and 'revenue and gains'; are interchangeable. |
8 |
Guarantees Activities associated with contracts under which a party agrees to perform an obligation or discharge a liability of another entity should that entity fail to do so. |
9 |
Insurance and reinsurance Insurance and reinsurance activities include general insurance, life insurance and health insurance. |
10 |
Leasing Activities that relate to agreement between two parties under which one is granted the right to use the property of the other for a specified period of time in return for a series of payments by the user to the owner. |
11 |
Licensing or transfer of intellectual property Activities involving an intellectual property rights owner (licensor) and another entity which is given authorisation to use these rights (licensee) in exchange for an agreed payment (fee or royalty). This includes activities involving:
|
12 |
Securitisation services Activities involving the packaging of an income by the party entitled to it, and the subsequent sale of such income stream to investors. |
13 |
Super Activities associated with providing, funding or offering investment strategies for financial security upon retirement. |
14 |
Treasury activities Activities involved in the managing of the taxpayer's financial operations, including:
|
15 |
Underwriting services Activities involves measuring risk exposure and determining the premium that needs to be charged to insure that risk, including:
Note: Insurance underwriting should be reported under activity code 9 - insurance and reinsurance. |
Receipt/payment of dividends and distributions from trusts and partnerships |
|
99 |
Other All other activities not listed above. |
Appendix 5: Activity codes
Last updated 8 November 2011
QC24292