What this class covers
ANZSIC class 6962 classifies Australian businesses that provide management advice and related consulting services not covered elsewhere in the classification system. This includes offering expert guidance on business operations, organisational efficiency, personnel management policies, and strategic decision-making. The classification encompasses both general management consulting and specialised advisory services across various industry sectors.
Typical businesses in this class might include a consultancy firm advising agricultural businesses on operational efficiency, a management consultant helping companies implement better personnel policies, or an agency managing the careers of entertainers and public figures. Environmental consulting firms providing sustainability assessments to businesses would also fall under this classification, as would operations research services helping organisations optimize their commercial processes.
This classification is used by government agencies, researchers, and businesses themselves to understand the composition of Australia's professional services sector. It helps in economic reporting, market analysis, and policy development related to management consulting services.
Primary activities in plain English
Businesses classified under ANZSIC 6962 typically engage in:
- Providing advice on business management strategies and operational improvements
- Consulting on personnel management policies and workplace practices
- Offering efficiency advisory services to optimize business processes
- Conducting environmental consulting and sustainability assessments for organisations
- Managing the careers and business affairs of artists, entertainers and other public figures
- Providing merchandising and sales advisory services
- Offering operations research services to solve commercial problems
- Consulting on tariff structures and tourism development
- Providing specialised management advice for agricultural and forestry operations
Exclusions and nearby codes
Several related activities are specifically excluded from this classification and fall under other ANZSIC codes:
Data processing services are classified under ANZSIC 5921 (Data Processing and Web Hosting Services). Computer hardware or software consulting services belong to ANZSIC 7000 (Computer System Design and Related Services). Employment placement and recruitment services (without consulting components) are included in ANZSIC 7211 (Employment Placement and Recruitment Services).
Companies that primarily hold securities or equity interests in other enterprises are classified within Division K (Financial and Insurance Services) rather than this management consulting class.
Practical guidance
When registering your business with the Australian Business Register (ABR), you'll need to select the appropriate ANZSIC classification based on your primary activity. If management consulting represents your main revenue source, ANZSIC 6962 is likely the correct classification.
For tax purposes, businesses in this classification typically report income under professional services categories. You may need to register for GST if your annual turnover exceeds $75,000. Keep detailed records of consulting hours and expenses, as these are relevant for both income tax and potential business deductions.
Workers' compensation insurance classifications for management consultants generally fall under professional services categories, but specific rates vary by state and territory. When applying for business grants or tenders, ensure your ANZSIC classification accurately reflects your services, as this can affect eligibility for certain programs targeting professional services or consulting industries.