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1254.0.55.001 - Australian and New Zealand Standard Product Classification (ANZSPC), 2001  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/06/2001  Ceased
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Group

ClassSubclassItemTitle

711Financial intermediation services, except investment banking, insurance services and pension services

711071100Financial intermediation services, except investment banking, insurance services and pension services
71100.10Central bank services
This item includes:
- services which support the country's systems for clearing and settling payments and other financial transactions
- services of maintaining deposit accounts for major financial institutions and for the central government
- services of implementing monetary policy
- services of managing the government's foreign exchange reserves
- services of influencing the value of currency
- currency issue services provided by the central bank, including designing arranging production of, distributing, and replacing currency
- fiscal agent services including advisory services for the government on matters relating to the public debt, issuing debt, maintaining bondholder records and making payments on behalf of the government for interest and debt redemption
- other central bank services n.e.c.
- supervisory activities with regard to banks and/or non-banks if undertaken by the central bank
71100.20Deposit services
This item includes:
- issuing and closing of accounts, receiving deposits, exchanging cheques or withdrawal slips for money, remitting cheques forwarded for collection, transferring money between accounts and providing documents to clients
This item does not include:
- wrapping, rolling, mailing or otherwise handling currency and coin on behalf of customers, cf. 854
- collection services of drafts, cheques and other bills of exchange received on a collection basis cashed or taken on deposit, cf. 85920.00
- collection services of accounts or monies receivable under assignment of accounts or contracts, cf. 85920.00
71100.30Credit granting services
This item includes:
- issuing of loans and the physical management of the loans. These services may be provided by a number of different types of lenders, including, for example, banks and insurance companies
71100.40Financial leasing services
This item includes:
- services of making equipment and other assets available to a customer without capital investment on the customer's part whereby the lessor pays for and takes title to the equipment or facilities and leases it to the lessee while retaining few of the normal responsibilities of ownership
This item does not include:
- operating leasing services, cf. 73
71100.90Other financial intermediation services, except investment banking, insurance services and pension services
This item includes:
- factoring services
- credit card merchant services

712Investment banking services

712071200Investment banking services
71200.00Investment banking services
This item includes:
- securities underwriting services
- services of guaranteeing the sale of an issue of securities by purchasing it at a stated price from the issuing corporation or government and reselling it to investors
- engaging to sell as much of an issue of securities as possible without making a guarantee to purchase the entire offering from the issuer

713Insurance and pension services (excluding reinsurance services)

7131Life insurance and pension services (excluding reinsurance services)
71311Life insurance and individual pension services (excluding reinsurance services)
71311.10Life insurance services
This item includes:
- underwriting services of insurance policies which provide for the payment of claims to beneficiaries contingent upon the death of the insured individual or upon survival to the maturity of the policy. Policies may provide pure protection or may also contain a savings component. Policies may cover individuals or members of groups
71311.20Individual pension services
This item includes:
- underwriting services of plans which provide income payments at regular intervals to individuals. Plans may require a single contribution or a series of contributions; may be compulsory or optional; may have nominal benefits determined in advance or dependent on the market value of aspects supporting the plan; and, if related to employment, may or may not be portable with a change in employment. The duration of the period during which benefits are paid may be fixed in terms of a minimum or
maximum, there may or may not be survivors' benefits
This item does not include:
- pension fund management services, portfolio management and trustee services, cf 7153
- pension fund administration, cf. 71690.00
71312Group pension services (excluding reinsurance services)
71312.00Group pension services
This item includes:
- underwriting services of plans which provide income payments at regular intervals to members of groups. Plans may require a single contribution or a series of contributions; may be compulsory or optional; may have nominal benefits determined in advance or dependent on the market value of assets supporting the plan; and, if related to employment, may or may not be portable with a change in employment. The duration of the period during which benefits are paid may be fixed in terms of a
minimum or maximum, there may or may not be survivors' benefits
This item does not include:
- pension fund management services, portfolio management and trustee services, cf. 7153
- pension fund administration, cf. 71690.00
713271320Accident and health insurance services (excluding reinsurance services)
71320.10Accident insurance services
This item includes:
- underwriting services of insurance policies which provide periodic payments when the insured is unable to work as a result of a disability due to illness or injury
- underwriting services of insurance policies which provide accidental death and dismemberment insurance, that is payment in the event than an accident results in death or loss of one or more bodily members (such as hands or feet) or the sight of
one or both eyes
71320.20Health insurance services
This item includes:
- underwriting services of insurance policies which provide protection for hospital and medical expenses not covered by government programs and usually, other health care expenses such as prescribed drugs medical appliances, ambulance, private duty nursing, etc.
- underwriting services of insurance policies which provide protection for dental expenses
- underwriting services of insurance policies which provide protection for medical expenses incurred when travelling outside a certain geographic area
7133Other non-life insurance services (excluding reinsurance services)
71331Motor vehicle insurance services (excluding reinsurance services)
71331.00Motor vehicle insurance services
This item includes:
- underwriting services of insurance-policies which cover risks relating to the use of motor vehicles, including those used to transport paying passengers. Risks covered include liability and loss of or damage to the vehicle
- freight motor vehicle insurance services
This item does not include:
- railway rolling stock insurance services, cf. 71332.00
71332Marine, aviation, and other transport insurance services (excluding reinsurance services)
71332.00 Marine, aviation, and other transport insurance services
This item includes:
- underwriting services of insurance policies which cover risks relating to the use of:
- passenger and freight vessels whether operating on oceans, coastal waterways or inland waterways (excluding those owned by individuals)
- aircraft (excluding those owned by individuals)
- railway rolling stock
- satellite launching insurance services
Note: risks covered include liability, hull damage or loss of the vessel, and loss of or damage to aircraft or railway rolling stock
This item does not include:
- underwriting services of insurance policies for vessels and aircraft owned by individuals, cf. 71334.00
71333Freight insurance services (excluding reinsurance services)
71333.00 Freight insurance services
This item includes:
- underwriting services of insurance policies which provide coverage, additional to that provided by transport companies, for risks of damage to or loss of freight
71334Other property insurance services (excluding reinsurance services)
71334.00 Other property insurance services
This item includes:
- underwriting services of insurance policies which cover risks of damage to or loss of property excluding that covered in item 71331.00 (Motor vehicle insurance services), 71332.00 (Marine, aviation, and other transport insurance services) and 71333.00 (Freight insurance services). Risks covered may include fire, theft, explosion, storm, hail, frost, natural forces, nuclear energy, and land subsidence
- insurance services of vessels and aircraft owned by individuals
- boiler and machinery insurance, which covers property spoilage from lack of power, light, heat, steam or refrigeration
71335General liability insurance services (excluding reinsurance services)
71335.00General liability insurance services
This item includes:
- underwriting services of insurance policies which cover risks of all types of liability including liability for defective products, bodily injury, property damage, pollution malpractice, etc., other than liability covered in item 71331.00 (Motor vehicle insurance services), 71332.00 (Marine, aviation, and other transport insurance services), and 71334.00 (Other property insurance services)
71336Credit and surety insurance services (excluding reinsurance services)
71336.00Credit and surety insurance services
This item includes:
- underwriting services of insurance policies which cover risks of excessive credit losses because of debtor insolvency
- underwriting services of insurance policies which cover risks of non-performance or failure to satisfy a contractual financial obligation by a party to a contract or agreement
71337Travel insurance (excluding reinsurance services)
71337.00Travel insurance
This item includes:
- medical expenses as part of a package including cancellation etc.
This item does not include:
- insurance which covers only medical expenses during travel, cf. 71320.20
71339Other non-life insurance services (excluding reinsurance services)
71339.00Other non-life insurance services
This item includes:
- underwriting services of policies for legal expense insurance, mortgage insurance, fidelity insurance and title insurance.
- underwriting services of insurance policies which cover risks of miscellaneous financial loss, that is expenses arising from the following risks of employment, insufficiency of income (general), bad weather, loss of benefits, continuing general expenses, unforeseen trading expenses, loss of market value, loss of rent or revenue, indirect trading losses (other than those mentioned above), other financial loss (non-trading) and other forms of loss
- underwriting services of insurance policies which cover other non-life risks n.e.c.
This item does not include:
- travel insurance, cf. 71337.00
- insurance which covers only medical expenses incurred during travel, cf. 71320.20

714Reinsurance services

714171410Life reinsurance services
71410.00Life reinsurance services
This item includes:
- life reinsurance services
714271420Accident and health reinsurance services
71420.00Accident and health reinsurance services
This item includes:
- accident and health reinsurance services
714371430Other non-life reinsurance services
71430.00Other non-life reinsurance services
This item includes:
- non-life reinsurance services n.e.s.
This item excludes:
- accident and health reinsurance services n.e.s.

715Services auxiliary to financial intermediation other than to insurance and pensions

7151Services related to investment banking
71511Mergers and acquisition services
71511.00Mergers and acquisition services
This item includes:
- services of counsellors and negotiators in arranging mergers and acquisitions
71512Corporate finance and venture capital services
71512.00Corporate finance and venture capital services
This item includes:
- services of arranging corporate financing including debt, equity and venture capital financing
- venture capital financing services
71519Other services related to investment banking
71519.00Other services related to investment banking
This item includes:
- other services related to investment banking n.e.c.
This item does not include:
- portfolio management, trust and custody services, cf. 7153
- stock price quotation services made available through an information server, cf. 84300
- supply of financial news to the news media, cf. 844
7152Brokerage and related securities and commodities services
71521Securities brokerage services
71521.00Securities brokerage services
This item includes:
- brokerage services (that is bringing together purchasers and sellers of the same instrument) for securities
- services of acting as a selling agent of units, shares or other interests in a mutual (investment) fund
- sales, delivery and redemption services of government bonds
- brokerage options
71522Commodity and futures dealing and brokerage services
71522.00Commodity and futures dealing and brokerage services
This item includes:
- brokerage services for commodities and commodity futures including financial futures
- brokerage financial derivatives, other than options
This item does not include:
- brokerage of options, cf. 71521.00
71523Processing and clearing services of securities transactions
71523.00Processing and clearing services of securities transactions
This item includes:
- services of processing and clearing securities transactions
7153Portfolio management, trust and custody services
71531Portfolio management services
71531.00Portfolio management services
This item includes:
- managing portfolio assets of others, on a fee or commission basis. Managers make decisions on which investments to purchase of sell. Examples of the portfolios managed are the portfolios of mutual and other investment funds or trusts, of pension funds and of individuals
This item does not include:
- advisory services on personal financial planning not involving decision-making on behalf of clients, cf. 71551.00
- the buying and selling of securities on a transaction fee basis, cf. 71521.00
71532Trust services
71532.00Trust services
This item includes:
- estate and trust management and administration services
- services of acting as a trustee of investment funds or pension funds
- services of acting as trustee for securities (administrative services related to the issue and registration of securities, and payment of interest and dividends)
71533Custody services
71533.00Custody services
This item includes:
- under instructions, provides the services of the safekeeping of and accounting for valuable and usually income-bearing personal property, including securities
- safekeeping services
- safe deposit services
- security custody services
- audit confirmation services with respect to customers' securities held for safekeeping
7154Services related to the administration of financial markets
71541Financial market operational services
71541.00Financial market operational services
This item includes:
- administrative services consisting in furnishing space and other facilities necessary for the operation of security and commodity exchanges
71542Financial market regulatory services
71542.00Financial market regulatory services
This item includes:
- services of regulating and monitoring financial markets and participants in those markets
71549Other financial market administration services
71549.00Other financial market administration services
This item includes:
- other financial market administration services n.e.c.
This item does not include:
- security custody services, cf. 71533.00
- stock price quotation services made available through an information server, cf. 84300
- supply of financial news to the news media, cf. 844
7155Other services auxiliary to financial intermediation
71551Financial consultancy services
71551.00Financial consultancy services
This item includes:
- financial advisory services
- market analysis and intelligence
This item does not include:
- insurance and pension consultancy services, cf. 71690.00
- mergers and acquisitions services, cf. 71511.00
- corporate finance and venture capital services, cf. 71512.00
- portfolio management, trust and custody services, cf. 7153
- advisory services on taxation matters, cf. 823
- financial management consulting services (except business tax), cf. 83112.00
71552Foreign exchange services
71552.00Foreign exchange services
This item includes:
- foreign currency exchange services provided by bureaux de change etc.
71553Financial transactions processing and clearinghouse services
71553.00Financial transactions processing and clearinghouse services
This item includes:
- services of processing financial transactions such as verification of financial balances, authorization of transactions, transfer of funds to and from transactors' accounts, notification of banks (or credit card issuers) of individual transactions and
provision of daily summaries
- services of clear cheques, drafts and other payment orders
This item does not include:
- services of processing securities transactions, cf. 71523.00
71559Other services auxiliary to financial intermediation n.e.c.
71559.00Other services auxiliary to financial intermediation n.e.c.
This item includes:
- mortgage and loan brokerage services
- non-central bank currency issue services, including designing, arranging production of, distributing, and replacing currency
- debit card merchant services
This item does not include:
- coin and currency packing services, cf. 854

716Services auxiliary to insurance and pensions

716171610Insurance brokerage and agency services
71610.00Insurance brokerage and agency services
This item includes:
- services of selling insurance and pension products
716271620Insurance claims adjustment services
71620.00Insurance claims adjustment services
This item includes:
- services of investigating insurance claims, determining the amount of loss or damages covered by insurance policies and negotiating settlements
- services of examining claims which have been investigated and authorisation payments
- damage assessment services
716371630Actuarial services
71630.00Actuarial services
This item includes:
- services of calculating insurance risks and premiums
716971690Other services auxiliary to insurance and pensions
71690.00Other services auxiliary to insurance and pensions
This item includes:
- administration of insurance and pension funds
- salvage administration services
- insurance and pension consultancy services


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