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Wednesday, 24 March 2004
Page: 27205

Mr Murphy asked the Treasurer, upon notice, on 3 December 2003:

Further to the answer to question No. 1587 (Hansard, 15 September 2003, page 19411), can he arrange for, or direct that, the Business Industry Code for (a) 78410 barristers, (b) 78410 solicitors, (c) 78420 accountants, (d) 86392 specific occupations under `Health Services', (e) 86210 general practice medical practitioners, (f) 86230 dental services, and (g) 86320 optometry services be amended to provide for `own account' recognition.

Mr Costello (Treasurer) —The answer to the honourable member's question is as follows:

As explained in my response to question 1459, the Australian Bureau of Statistics maintains the four digit Australian and New Zealand Standard Industry Classification system.

For its own purposes the Australian Taxation Office (ATO) adds a fifth digit to create an ATO business industry coding regime to meet business requirements which require finer breakdowns of certain industries. The ATO decides the merits of each proposed business requirement to change the ATO industry coding system subject to the constraints of taxpayer compliance costs and ATO administrative costs. The ATO does not currently have a business requirement to change the above industry codes to allow for `own account' recognition.