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5310.0.55.002 - Information Paper: Implementation of new international statistical standards in ABS National and International Accounts, September 2009  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/10/2009  First Issue
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CHAPTER 1 INTRODUCTION


INTRODUCTION

The ABS produces Australia's System of National Accounts (ASNA), Balance of Payments (BoP) and International Investment Position (IIP). These statistics are compiled in accordance with international standards and related classifications. The international standards and related classifications have been revised, resulting in changes to these statistics. This paper focuses on the impact of implementing the revised international standards and related classifications with:

  • Chapter 2 describing the main changes to the international standards and related classifications, the System of National Accounts 2008 (SNA08), the Balance of Payments and International Investment Position Manual sixth edition (BPM6), the Australian and New Zealand Standard Industrial Classification 2006 (ANZSIC06) and the Standard Economic Sector Classifications of Australia 2008 (SESCA08);
  • Chapters 3 and 4 describing and quantifying the major changes that will be implemented in the ASNA, and the BoP and IIP;
  • Chapter 5 describing the changes in the standards ABS is still to implement or will not be implementing;
  • Chapters 6 through 13 presenting concepts, sources and methods for a selection of the more significant changes.

The estimates presented in this publication provide a preliminary indication of the magnitude of changes to selected series. These estimates are subject to revision.

A full set of estimates compiled according to the revised standards and classifications will be published in the annual 2008-09 ASNA publication, and with the September quarter 2009 releases occurring progressively through to the end of December 2009.

The following sources of related information, available from the ABS website, provide further details or outline the revised outputs that will be presented.

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