sch.A-div.K-sdiv.73Finance

sch.A-div.K-sdiv.73 Finance

Subdivision 73 Finance

| Column 1 | Column 2 | Column 3 | Column 4 | | Group | Class | Title and Description | Rate | | 731 | | Central Bank | | | | 731000 | Central Bank | 0.450% | | | | This class includes employers engaged in the operation of government central banks, not involving personal “over the counter” customer service. | | | | | Primary Activities: | | | | | Government central bank operation | | | 732 | | Deposit Taking Financiers | | | | 732100 | Banks | 0.342% | | | | This class includes employers engaged in the banking activities of recognised banks. | | | | | Primary Activities: | | | | | Development bank operation | | | | | Savings bank operation | | | | | Trading bank operation | | | | 732200 | Building Societies | 0.891% | | | | This class includes employers and specialised financiers engaged in providing loans for home building or purchasing purposes, as well as taking deposits. | | | | | Primary Activities: | | | | | Permanent building society operation | | | | 732300 | Credit Unions | 0.891% | | | | This class includes employers engaged in the operation of credit unions or cooperatives engaged in lending money to their members for various purposes, as well as taking deposits. | | | | | Primary Activities: | | | | | Credit union operation | | | | 732400 | Money Market Dealers | 0.396% | | | | This class includes employers engaged in holding and dealing in securities issued by the Government, in dealing in the short term money market, and in other liquidity placements. | | | | | Exclusions and References:Employers mainly engaged in finance broking or in arranging finance for others are included in Class 751900 Services to Finance and Investment nec. | | | | | Primary Activities: | | | | | Bill of exchange discounting or financing (except by banks) | | | | | Money market dealer | | | | 732900 | Deposit Taking Financiers nec | 0.729% | | | | This class includes employers engaged in the provision of finance which is predominantly in the form of business and commercial lending, including financial leasing, and in borrowing funds for this purpose from the public or from related organisations. | | | | | Exclusions and References:Employers mainly engaged in finance broking or in arranging finance for others are included in Class 751900 Services to Finance and Investment nec. | | | | | Primary Activities: | | | | | Financial intermediation nec | | | 733 | | Other Financiers | | | | 733000 | Other Financiers | 0.450% | | | | This class includes employers engaged in providing credit, or lending money, or in leasing machinery, plant or equipment purely on a financial service basis (ie without physically handling the goods) not elsewhere classified. Included are employers which borrow and lend money from a group of employers related to it. Employers of terminating building societies (except terminating building society management on a commission or fee basis) are included. | | | | | Exclusions and References:Employers whose main source of funds is deposits are included in Group 732 Deposit Taking Financiers. Employers mainly engaged in finance broking or in arranging finance for others, or in carrying out or in managing the operations of terminating building societies on a commission or fee basis are included in Class 751900 Services to Finance and Investment nec. | | | | | Primary Activities: | | | | | Financing nec | | | | | Motor vehicle leasing on purely financial basis | | | | | Terminating building society operation (except terminating building society management on a commission or fee basis) | | | 734 | | Financial Asset Investors | | | | 734000 | Financial Asset Investors | 0.459% | | | | This class includes employers (except employers of separately constituted superannuation funds) engaged in investing money on their own account in predominantly financial assets (including mortgages). Also included are investment type employer trusts engaged in holding financial assets. | | | | | Exclusions and References:Employers of holding companies mainly engaged in activities other than holding shares, or of trusts or funds mainly engaged in producing goods or services (rather than merely investing money), are classified to the appropriate industry classes in accordance with their major activity. Employers mainly engaged in(a) providing benefits through separately constituted funds are included in 741200 Superannuation Funds;(b) underwriting new security issues, or in buying or selling stocks, shares or other financial securities for others are included in Class 751100 Financial Asset Broking Services;(c) managing (eg on a commission or fee basis) financial asset investments for others (except for separately constituted superannuation funds), or employers mainly engaged in providing trustee or financial asset investment advisory services are included in Class 751900 Services to Finance and Investment nec; and(d) operating real property are included in Subdivision 77 Property Services. | | | | | Primary Activities: | | | | | Friendly Society operation (investment type; in predominantly financial assets) | | | | | Investment operation (own account; in predominantly financial assets; except superannuation funds) | | | | | Employer trust operation (investment type; in predominantly financial assets; except trust management on a commission or fee basis) | | | | | Holding company operation (viz holding shares in subsidiary companies) | |