5302.0.55.002 - Revisions to international standards in quarterly Balance of Payments and International Investment Position statistics from September 2009, 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/07/2009   
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APPENDIX 2: Key changes to output tables


The key changes to the tables in the Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) publication are summarised below:

    Table 1: Balance of Payments, Summary, Original
    • rename Income to Primary income
    • rename Current transfers to Secondary income
    • rename Acquisition/disposal of non-produced, non-financial assets to Gross acquisitions / disposals of non-produced non-financial assets and make the first item in the Capital account.
    Table 5: Current Account Transactions: Seasonally Adjusted and Trend Estimates
    • Goods credits
      • Non-rural goods will include Goods procured in ports by carriers
      • the Other goods will be removed but Non-monetary gold will be included
      • Net exports of goods under merchanting will be added
    • Goods debits
      • the Intermediate and other merchandise goods will include Goods procured in ports by carriers
      • the Other goods will be removed but Non-monetary gold will be included
      • rename Income to Primary income
      • rename Current transfers to Secondary income.

    Table 7 - Goods credits, Original
    • Non-rural goods will include Goods procured in ports by carriers
    • the Other goods will be removed apart from Non-monetary gold
    • Net exports of goods under merchanting broken into the two component items - Goods acquired under merchanting (negative exports) and Goods sold under merchanting will be added.
    Table 8 - Goods debits, Original
    • Intermediate and other merchandise goods will include Goods procured in ports by carriers
    • the Other goods will be removed, apart from Non-monetary gold.
    Table 9 - Goods credits, Seasonally Adjusted
    • Non-rural goods will include Goods procured in ports by carriers
    • the Other goods will be removed, apart from Non-monetary gold
    • Net exports of goods under merchanting will be added.
    Table 10 - Goods debits, Seasonally Adjusted
    • Presentation same as Table 8.
    Table 11 - Goods credits, Chain Volume Measures, Seasonally Adjusted
    • Presentation same as Table 9.
    Table 12 - Goods debits, Chain Volume Measures, Seasonally Adjusted
    • Presentation same as Table 8.
    Table 13 - Goods credits, Implicit Price Deflators, Seasonally Adjusted
    • Presentation same as Table 9.
    Table 14 - Goods debits, Implicit Price Deflators, Seasonally Adjusted
    • Presentation same as Table 8.
    Table 15 - Services credits, Original
    • Separate items will be added for Manufacturing services on physical inputs owned by others and Maintenance and repair services n.i.e.
    • Postal and courier services will be added as a separate item under Transport services. To protect confidentiality while maximising the detail available on a BPM6 basis, Postal and courier services will be merged with indirect commissions for sea transport
    • Estimates for operational leasing credits will be removed from Other transport and included in Other business services, Operational leasing
    • Audiovisual services n.i.e. which was included in Other personal, cultural and recreational services will be included in Audiovisual and related services
    • The ordering and labels of a number of items will change.
    Table 16 - Services debits, Original
    • The presentation same as Table 15.
    Table 17 - Services summary, Seasonally adjusted and trend estimates
    • Separate items will be added for Manufacturing services on physical inputs owned by others and Maintenance and repair services n.i.e.
    • Postal and courier services will be added as a separate item under Transport services.
    Table 18 - Services credits, Chain Volume Measures and indexes
    • The presentation same as Table 17.
    Table 19 - Services debits, Chain Volume Measures and indexes
    • The presentation same as Table 17.
    Table 20, 21 and 22 Primary income - Refer to Table 3: BPM5 and BPM6 Detailed Comparison for International Investment of the datacube.
    Table 23: Secondary income, original -
    • rename Current transfers to Secondary income
    • continue to name the non-general government sector Other sectors rather than the standard BPM 5 heading of 'Financial corporations, non-financial corporations, households and NPISHs' because of its length and use of an abbreviation
    • replace Workers' remittances with Personal transfers
    • Workers' remittances becomes a supplementary item but it will be the same value as Personal transfers as it is the only item measured. Credits to be recorded as 'n.a.' and a new model will be introduced for debits
    • rename Non-life insurance transfers to Non-life insurance premiums and claims
    • rename Other transfers to Other current transfers and will continue to be split between Non-life insurance premiums and claims and Other with no other supplementary items shown.
    Table 24: Capital account, original -
    • rename Acquisition/disposal of non-produced, non-financial assets to Gross acquisitions / disposals of non-produced non-financial assets and made this the first item.
    • General government credits and debits will be split between Debt forgiveness and Other capital transfers. Debt forgiveness credits will be a nil
    • Migrants' transfers will be removed and recorded as other volume changes in the International investment position
    • Capital transfers for other sectors will continue to be split between Debt forgiveness and Other capital transfers.
    Table 25: Financial account - Refer to Table 3: BPM5 and BPM6 Detailed Comparison for International Investment of the datacube.
    Table 26, 27, 28, 29 International Investment Position - Refer toTable 3: BPM5 and BPM6 Detailed Comparison for International Investment of the datacube.

    Table 36: Summary of revisions - Refer to datacube: the current and BPM6 detailed International Investment components, Table 3: BPM5 and BPM6 Detailed Comparison for International Investment.
    Table 37: Balance of payments, Historical Summary, original -
    • rename Income to Primary income, Income credits and debits rename to Primary income credits and debits
    • rename Current transfers to Secondary income.

    Table 38: Balance of payments, Historical Summary, seasonally adjusted -
    • rename Income to Primary income, Income credits and debits rename to Primary income credits and debits
    • rename Current transfers to Secondary income.