Division 72 - Scientific Research and Development
PSIC Division 72 covers Scientific Research and Development. Child codes include Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and...
Child codes
These are the next codes most users should open after this hub page.
Nearby codes
Practical summary
Division 72 sits in the PSIC 2019 hierarchy under M Professional, Scientific and Technical Activities. This division collects tightly related groups, with child examples such as Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and Experimental Development in Information Technology. It is the main bridge between a broad sector label and the more precise groups below it.
Where this code is used
This division is used when the first pass is too broad and the work needs to be split into groups such as Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and Experimental Development in Information Technology. It helps with registration wording, sector analytics and review of near-miss options.
How to choose it
Use this division as the first narrowing step. Compare child groups such as Research and experimental development on, Research and Experimental Development on Social Sciences and Humanities, and Research and Experimental Development in Information Technology and move to the group that best matches the real activity, not the marketing description.
Official note
Source-backed description
This division includes the activities of three types of research and development: 1) basic research: experimental or theoretical work undertaken primarily to acquire new knowledge of the underlying foundations of phenomena and observable facts, without particular application or use in view; 2) applied research: original investigation undertaken in order to acquire new knowledge, directed primarily towards a specific practical aim or objective and 3) experimental development: systematic work, drawing on existing knowledge gained from research and/or practical experience, directed to producing new materials, products and devices, to installing new processes, systems and services, and to improving substantially those already produced or installed. Research and experimental development activities in this division are subdivided into two categories: natural sciences and engineering; social sciences and the humanities. This division excludes market research, see 7320.
FAQ
What does PSIC Division 72 cover?
PSIC Division 72 groups the main activity family for Scientific Research and Development and acts as the first narrowing step below the section level.
How do I compare Division 72 with nearby divisions?
Read the child groups side by side and compare the exact operational wording. The closest neighboring options are 69 Legal and Accounting Activities and 70 Activities of Head Offices; Management Consultancy Activities.
Why does Division 72 matter for filing?
It is the level that helps you narrow a broad section into the right group before you reach a class or subclass decision.