"The Australian Bureau of Statistics (ABS) and Statistics New Zealand (Statistics NZ) have
jointly developed ANZSRC to serve as a standard research classification for both
countries. It will improve the comparability of research and development statistics
between the two countries and the rest of the world. For the ABS and Australian
stakeholders, ANZSRC replaces the Australian Standard Research Classification (ASRC
1998) and for Statistics NZ and New Zealand stakeholders ANZSRC introduces a new
framework to measure R&D activity."