|Page tools: Print Page RSS Search this Product|
The balance on capital account, in original terms, usually records a surplus, largely the result of Australia's net migration. During the period 1996-97 to 2001-2002, the annual surpluses were in the range $1,038m to $1,317m. In 2001-2002 the capital account surplus decreased slightly to $1,038m.
The balance on capital account is the sum of net capital transfers and net acquisition/disposal of non-produced, non-financial assets.
Capital transfers include migrants’ transfers, debt forgiveness and the provision of cash when linked to a change of ownership of fixed assets or the transfer in kind of ownership of a fixed asset without a quid-pro-quo.
The acquisition (less disposal) of non-produced, non-financial assets relates to the sale (or purchase) of intangible assets such as patents, copyrights, trademarks and franchises, as well as certain transactions in embassy land (tangible assets).