1218.0 - Standard Economic Sector Classifications of Australia (SESCA), 2008 (Version 1.1)  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/09/2013   
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STANDARD INSTITUTIONAL SECTOR CLASSIFICATION OF AUSTRALIA

INTRODUCTION

The Standard Institutional Sector Classification of Australia (SISCA) provides a framework for dividing the Australian economy into institutional sectors. These sectors group units which have similar economic functions and share similar structural characteristics. This framework allows for the consistent collection, analysis and dissemination of sector information. The SISCA is the most widely adopted classification among the classifications covered in this publication.

SISCA NUMBERING SYSTEM

The numbering system adopted in the SISCA has a hierarchical structure, where a 1-digit numeric code denotes the sector, a 2-digit code denotes the subsector, a 3-digit code denotes the group, and a 4-digit code denotes the class. For example:

Level Classification category

Sector 2 2 Financial Corporations
Subsector 2121 Financial Intermediaries
Group 214214 Financial Investment Funds
Class 21412141 Money Market Funds

In the example above, the 'Financial Corporations' Sector is represented by the numeric code 2. The 'Financial Intermediaries' Subsector is represented by code 21. The 'Financial Investment Funds' Group is represented by code 214, and the 'Money Market Funds' Class is represented by code 2141.

If there is only one subsector within a sector, the 2-digit code is the 1-digit sector code followed by a zero. For example:
    3 General Government
      30 General Government
If there is more than one subsector within a sector, the subsector codes are created using the 1-digit sector code followed by numbers starting with one. For example:
    2 Financial Corporations
      21 Financial Intermediaries
      22 Financial Auxiliaries
      23 Captive Financial Institutions and Money Lenders
The same convention applies to groups and classes. For example:
    2 Financial Corporations
      21 Financial Intermediaries
        211 Reserve Bank of Australia
          2110 Reserve Bank of Australia
        213 Pension Funds and Insurance Corporations
          2131 Pension Funds
          2132 Life Insurance Corporations
          2133 Non-Life Insurance Corporations
Where there is an 'other' group or class, the number nine is used. These categories include units belonging to the sector, but they may be diverse in nature or may not be sufficiently significant to justify separate groups or classes in their own right. For the purposes of the classification, they are grouped together and treated as separate categories to retain the homogeneity of the other categories within the classification. For example:
    2 Financial Corporations
      21 Financial Intermediaries
        212 Depository Corporations
          2121 Banks
          2129 Other Depository Corporations
SISCA SECTOR, SUBSECTOR, GROUP AND CLASS CODES AND TITLES

1 NON-FINANCIAL CORPORATIONS
    10 Non-Financial corporations
      100 Non-Financial Corporations
        1001 Non-Financial Investment Funds
        1009 Other Non-Financial Corporations
2 FINANCIAL CORPORATIONS
    21 Financial Intermediaries
      211 Reserve Bank of Australia
        2110 Reserve Bank of Australia

      212 Depository Corporations
        2121 Banks
        2129 Other Depository Corporations

      213 Superannuation Funds and Insurance Corporations
        2131 Superannuation Funds
        2132 Life Insurance Corporations
        2133 Non-Life Insurance Corporations

      214 Financial Investment Funds
        2141 Money Market Funds
        2142 Non-Money Market Financial Investment Funds

      219 Securitisers and Other Financial Intermediaries
        2191 Securitisers
        2199 Other Financial Intermediaries

    22 Financial Auxiliaries
      220 Financial Auxiliaries
        2200 Financial Auxiliaries

    23 Captive Financial Institutions and Money Lenders
      230 Captive Financial Institutions and Money Lenders
        2301 Central Borrowing Authorities
        2309 Money Lenders and Other Captive Financial Institutions
3 GENERAL GOVERNMENT
    30 General Government
      300 General Government
        3000 General Government
4 HOUSEHOLDS
    40 Households
      400 Households
        4000 Households
5 NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS
    50 Non-profit Institutions Serving Households
      500 Non-profit Institutions Serving Households
        5000 Non-profit Institutions Serving Households
6 REST OF THE WORLD
    60 Rest of the World
      600 Rest of the World
        6000 Rest of the World
A table showing correspondences between the 2008 SNA institutional sector classification and SISCA 2008 can be found in the downloads tab. The remainder of this chapter discusses the composition of each of the SISCA sectors and subsectors.

The resident economy consists of SISCA Sectors 1 to 5 inclusive.



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