What this class covers
ANZSIC class 6712 categorises businesses primarily engaged in renting or leasing non-residential properties in Australia. This classification applies to entities that generate income through leasing various types of commercial, industrial, and agricultural properties to business tenants rather than residential occupants.
Typical operations in this class include companies that own and lease office buildings to multiple business tenants, firms that specialise in industrial warehouse leasing to logistics companies, and businesses that rent out agricultural land to farming operations. The classification also covers property management entities that operate commercial strata schemes or body corporates for non-residential developments.
This classification is used by government agencies, researchers, and businesses themselves to categorise economic activity in the property sector. It helps in statistical reporting, market analysis, and understanding the composition of Australia's commercial property industry.
Primary activities in plain English
Businesses in this class typically engage in:
- Leasing commercial office space to businesses and professional firms
- Renting industrial properties such as factories and warehouses to manufacturers and distributors
- Operating retail shopping centres and leasing space to multiple retailers
- Managing self-storage facilities rented to businesses and individuals
- Leasing agricultural land to farming operations
- Administering body corporate or strata management for commercial property developments
Exclusions and nearby codes
This class specifically excludes certain related activities that fall under different ANZSIC classifications:
Land development and subdivision activities are classified separately under ANZSIC 3211: Land Development and Subdivision. This distinction is important as it separates property development from property operation.
Residential property renting and leasing falls under different classes within the same division, specifically ANZSIC 6711 for residential property operators. Real estate agency services, where the business acts as an agent rather than property owner, are classified separately under ANZSIC 6720.
Practical guidance
Businesses operating in this classification typically require an Australian Business Number (ABN) and must register for GST if their annual turnover exceeds $75,000. Income from non-residential property leasing is generally considered rental income for tax purposes and must be reported to the ATO.
For workers' compensation insurance, businesses in this class typically fall under classification units related to property services. The specific rate may vary by state and territory based on the nature of operations and employee roles.
When applying for business grants or programs, you may need to reference this ANZSIC code to demonstrate your industry classification. Ensure you maintain proper records of lease agreements, property expenses, and rental income to meet Australian taxation and compliance requirements.