What this class covers
ANZSIC class 1340 covers Australian businesses primarily engaged in manufacturing knitted or crocheted products. This includes both knitted fabrics and finished knitted clothing items. The classification applies to operations that transform yarn into knitted goods through knitting or crocheting processes.
Typical businesses in this class include:
- Hosiery manufacturers producing socks, stockings, pantyhose, and tights
- Knitwear factories making cardigans, pullovers, jerseys, and knitted jackets
- Custom knitting operations creating made-to-order knitted garments
- Textile mills specializing in knitted fabric production
- Businesses manufacturing crocheted fabrics for various applications
This classification is used across Australian government and industry reporting, including ABN registration, tax filing, and statistical purposes. Businesses in this sector typically operate manufacturing facilities with knitting machinery and employ textile workers.
Primary activities in plain English
Businesses classified under ANZSIC 1340 typically engage in one or more of these core activities:
- Manufacturing knitted clothing items such as jumpers, cardigans, and jackets
- Producing hosiery products including socks, stockings, and tights
- Creating knitted fabrics for various end uses
- Operating custom knitting services for personalized garments
- Manufacturing crocheted fabrics and products
- Producing knitted jerseys and similar sportswear items
Exclusions and nearby codes
This class specifically excludes businesses that manufacture clothing from various fabric types including woven, knitted, or other materials. These operations are classified under ANZSIC 1351: Clothing Manufacturing.
Related classifications include the broader Group 134: Knitted Product Manufacturing and Subdivision 13: Textile, Leather, Clothing and Footwear Manufacturing. The corresponding Business Industry Code (BIC) for workers' compensation purposes is 13400.
Practical guidance
When registering your ABN or completing Business Activity Statements, you'll typically use ANZSIC 1340 if your primary activity matches this classification. The Australian Taxation Office uses these codes for industry benchmarking and compliance purposes.
For workers' compensation insurance, you may need to use the corresponding BIC code 13400, which can affect your premium calculations. Some state-based grant programs for manufacturing businesses may reference ANZSIC classifications, so ensure your registration accurately reflects your main activities.
If your business operations span multiple classifications (such as both knitting fabrics and manufacturing finished clothing from various materials), you should register under the code that represents your predominant activity by revenue. Statistical reporting to the Australian Bureau of Statistics may also require accurate ANZSIC classification.