63 Insurance and Superannuation Funds

**Exclusions/References:** - Superannuation funds managed by life insurance companies are included in Class 6330 Superannuation Funds. This exclusion does not relate to statutory funds of life insurance companies for the purpose of conducting superannuation business - such funds are part of the assets of the life insurance companies. - Units mainly engaged in: - (a) providing insurance cover for hospital, medical, dental, pharmaceutical or funeral expenses or costs are included in Class 6321 Health Insurance; and - (b) providing general insurance cover (except health or life) are included in Class 6322 General Insurance. **Primary Activities:** - Life insurance provision - Life reinsurance provision

Group (Health and General Insurance) within the subdivision 'Insurance and Superannuation Funds' under ANZSIC 2006.

**Exclusions/References:** - Units mainly engaged in - (a) investing money on their own account in predominantly financial assets (e.g. shares, bonds, bills etc, including mortgages) are included in Class 6240 Financial Asset Investing; and - (b) managing or in carrying out the operations of separately constituted superannuation funds on a commission or fee basis are included in Class 6419 Other Auxiliary Finance and Investment Services. **Primary Activities:** - Approved deposit fund (superannuation) operation - Pension fund, separately constituted, operation - Superannuation fund, separately constituted, operation