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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.



BALANCE OF PAYMENTS, CAPITAL ACCOUNT
Period
Balance on capital account

$m

ANNUAL
1996-1997
1,317
1997-1998
1,127
1998-1999
1,167
1999-2000
1,053
2000-2001
1,109
2001-2002
1,038

QUARTERLY
2000-2001
March
231
June
217
2001-2002
September
378
December
318
March
183
June
159

Source: Balance of Payments and International Investment Position, Australia (5302.0).


Explanatory Notes

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).

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