Australian Bureau of Statistics
1360.0 - Measuring Australia's Economy, 2003
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/02/2003
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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).
This page last updated 20 January 2006
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