ChatGPT conversation about finding a BIC code

ChatGPT Helper for Finding ATO BIC Codes

2 min read aichatgpttax

A custom GPT that helps an Australian business work out which Business Industry Code to put on its tax return.

Every Australian business has to pick a Business Industry Code (BIC) for its tax return. The ATO's own BIC search tool is strict: it is good at exact matches and bad at the thing people actually do, which is describe their business in their own words and hope something sensible comes back.

So I made a custom GPT for it. You describe what the business does in ordinary language, and it works through the code list with you, suggests candidates, and explains why each one might fit. It is a starting point for a conversation with an accountant rather than a substitute for one — the code still has to be right on the return.

ChatGPT suggesting candidate BIC codes
Candidate codes, with reasoning.

The ATO BIC Code Consultant is on ChatGPT. It is unofficial, and it does not always get it right. If you find it useful, rate it; if it goes wrong, tell me on LinkedIn.