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ATO Industry Classification

ATO Industry Classification

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Published by Craig Thomler
This is the ATO Industry Classification valid in early 2012.
This is the ATO Industry Classification valid in early 2012.

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Published by: Craig Thomler on Mar 11, 2012
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Formoreinformationvisit
www.ato.gov.au
Fact sheet
for
tax agents and business owners
Business
Business industry codes
2011
NAT1827-6.2011
 
© AUSTRALIAN TAXATION OFFICE FOR THECOMMONWEALTH OF AUSTRALIA, 2011
 Youarefreetocopy,adapt,modify,transmitanddistributethismaterialasyouwish(butnotinanywaythatsuggeststheATOortheCommonwealthendorsesyouoranyofyourservicesorproducts).
PUBLISHED BY
 AustralianTaxationOfficeCanberraMay2011JS17986
OUR COMMITMENT TO YOU
Wearecommittedtoprovidingyouwithguidanceyoucanrelyon,sowemakeeveryefforttoensurethatourpublicationsarecorrect.Ifyoufollowourguidanceinthispublicationanditturnsouttobeincorrect,oritismisleadingandyoumakeamistakeasaresult,wemuststillapplythelawcorrectly.Ifthatmeansyouoweusmoney,wemustaskyoutopayitbutwewillnotchargeyouapenalty.Also,ifyouactedreasonablyandingoodfaithwewillnotchargeyouinterest.Ifyoumakeanhonestmistakeintryingtofollowourguidanceinthispublicationandyouoweusmoneyasaresult,wewillnotchargeyouapenalty.However,wewillaskyoutopaythemoney,andwemayalsochargeyouinterest.Ifcorrectingthemistakemeansweoweyoumoney,wewillpayittoyou.Wewillalsopayyouanyinterestyouareentitledto.Ifyoufeelthatthispublicationdoesnotfullycoveryourcircumstances,oryouareunsurehowitappliestoyou,youcanseekfurtherassistancefromus.Weregularlyreviseourpublicationstotakeaccountofanychangestothelaw,somakesurethatyouhavethelatestinformation.Ifyouareunsure,youcancheckformorerecentinformationonourwebsiteat
www.ato.gov.au
orcontactus.
This publication was current at May 2011.
 
INTRODUCTION
HOW TO USE THIS BOOKLET
 Anaccuratedescriptionofthetaxpayer’smainbusinessactivityanditsfive-digitcodemustbeshownatthecorrectitemsonrelevanttaxreturnsandschedules. Theindustrydescriptionandcodeshouldrelatetotheactivityfromwhichthebusinessderivedthehighestgrossincomeorincurredthesmallestloss.
Business industry codes 2011
containstwocodelists–thefirstisalphabeticalandstartsonpage1;thesecondisnumericandstartsonpage21.Selectthemostappropriatecodetoenteronyourtaxreturn.Dothisbysearchingunderkeywordsthatdescribethetaxpayer’smainbusinessactivity.Forexample:
n
Abaloneshing–searchunderthekeyword‘abalone’tondcode04191
n
Blackcoalmining–searchunderthekeyword‘coal’tondcode06000
n
Housepainting–searchunderthekeyword‘painting’tond‘Paintingofbuildingsorotherstructures’code32440Onceyouhaveidentifiedthemostappropriatecodefromthelist,enteritatthecorrectitemandcorrespondinglabelofthetaxreturnand/orschedule.Showallnumbersinthecode,includinganyleadingzeros.Ifacodecannotbeselectedusingthealphabeticlist,yoursecondoptionistousethenumericlist.Hereyouneedtosearchforthemainbusinessactivityofthetaxpayerunderbroadbusinesscategoryheadings.Forexample,ifthetaxpayer’smainbusinessactivityistrawlingfortuna,youwouldsearchunderheadingsrelatedtothistypeofbusiness.Inthiscase,thebestheadingwouldbe‘Fishing’.Underthisheadinganappropriateentry‘Trawlingforfinfish’,code04140,willbefound.Thiscodeshouldthenbeenteredatthecorrectitemandcorrespondinglabelonthetaxreturn.Onlyusecodesfrom
Business industry codes 2011
,andtakecaretodescribeyourbusinessactivityasaccuratelyaspossible.AnincorrectcodemayresultinclientsnotreceivingnecessaryserviceormaterialfromtheATO,orcouldleadtoincorrecttargetingofcomplianceactivities.
USE OF INDUSTRY CODE INFORMATION
Industrycodeinformationiswidelyusedbyorganisationsandresearchersforvariousreasons.Ofinteresttotaxagentsandaccountantswouldbe
Industry benchmarks
publishedin
Taxation statistics
availableonourwebsite,
www.ato.gov.au
BUSINESSINDUSTRYCODES
2011
i

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