What this class covers
ANZSIC class 2463 encompasses businesses in Australia that manufacture machine tools, specialised parts, and equipment used primarily in woodworking and metalworking industries. These operations produce machinery that shapes, cuts, forms, or assembles materials through mechanical or pneumatic power. Typical examples include factories making industrial lathes, milling machines, metal presses, and power-operated saws. This classification also covers manufacturers of pneumatic or power-driven hand tools, dies and die sets for metal forming, and gas welding or cutting equipment. Businesses in this sector supply tools and machinery to other manufacturing industries, construction sectors, and specialized trade professionals. The classification helps in organizing economic data, understanding industry trends, and framing policy support for Australia's manufacturing base.
Primary activities in plain English
Businesses in this class typically engage in:
- Manufacturing metalworking or woodworking machinery such as lathes, drills, milling machines, and presses
- Producing pneumatic or power-operated hand tools, including portable electric drills and explosive-powered tools (excluding those for construction)
- Making specialised attachments and parts for machine tools
- Manufacturing forging, foundry, and metal moulding machinery (excluding furnaces)
- Producing gas welding or cutting equipment and tyre matrices
Exclusions and nearby codes
This class excludes several related activities that fall under other ANZSIC classifications. Repairing machine tools is covered under class 9429 (Other Machinery and Equipment Repair and Maintenance). Manufacturing non-powered hand tools for woodworking or metalworking is included in class 2299 (Other Fabricated Metal Product Manufacturing). Electrical welding equipment manufacturing is classified under 2439 (Other Electrical Equipment Manufacturing). These exclusions ensure that businesses are correctly categorised based on their primary activities, aiding in accurate industry reporting and analysis.
Practical guidance
Businesses operating in this sector should use ANZSIC code 2463 when registering for an ABN, lodging tax returns, or applying for industry-specific grants. The equivalent Business Industry Code (BIC) for workers' compensation insurance purposes is 24630, which can affect premium calculations. Accurate classification is crucial for complying with statistical reporting requirements and accessing government programs supporting manufacturing. Companies should regularly review their activities against the ANZSIC definitions to ensure correct classification, especially if they diversify into excluded areas like tool repairs or electrical equipment manufacturing.