The Financial and Insurance Services Division includes units mainly engaged in financial
transactions involving the creation, liquidation, or change in ownership of financial
assets, and/or in facilitating financial transactions.
The range of activities include raising funds by taking deposits and/or issuing securities
and, in the process, incurring liabilities; units investing their own funds in a range of
financial assets; pooling risk by underwriting insurance and annuities; separately
constituted funds engaged in the provision of retirement incomes; and specialised
services facilitating or supporting financial intermediation, insurance and employee
benefit programs.
Also included in this division are central banking, monetary control and the regulation of
financial activities.

ANZSIC 2006 Definition

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