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Direct investment enterprise
An incorporated or unincorporated enterprise resident in Australia in which an investor (referred to as a direct investor), who is resident in another economy, owns 10% or more of the ordinary shares or voting power (of an incorporated enterprise) or the equivalent (of an unincorporated enterprise).
An enterprise or an individual, resident in Australia, which owns 10% or more of the ordinary shares or voting power or the equivalent of an enterprise (incorporated or unincorporated) which is resident in another economy.
Economically significant prices
Prices that have a significant influence on the amounts that producers are willing to supply or on the amounts that purchasers wish to buy (sometimes also called 'market prices').
Economic territory of Australia
The geographic territory administered by the Australian Government within which persons, goods and capital circulate freely. It includes the airspace, territorial waters, and continental shelf lying in international waters which Australia has jurisdiction, the Cocos (Keeling) Islands and Christmas Island, and Australian embassies, consulates, military bases and similar enclaves located in other countries.
Is an institutional unit comprising (1) a single legal entity or business entity; or (2) more than one legal entity or business entity within the same enterprise group and in the same institutional subsector (i.e. they are all classified to a single SISCA subsector).
A unit covering all the operations in Australia of one or more legal entities under common ownership and/or control. It covers all the operations in Australia of legal entities that are related in terms of the current corporations law (as amended by the Corporations Legislation Amendment Act 1991), including legal entities such as companies, trusts and partnerships. Majority ownership is not required for control to be exercised.
Financial auxiliary services
Services, delivered on an agency basis, which facilitate financial intermediation without requiring the service provider to engage in financial intermediation.
A corporation or quasi-corporation that is mainly engaged in financial intermediation or provision of auxiliary financial services.
Financial corporations sector
An institutional sector comprising resident corporations, quasi-corporations, and market NPIs mainly engaged in financial intermediation or financial auxiliary services, and market NPIs serving financial corporations.
A productive service in which the service provider incurs liabilities on its own account for the purpose of acquiring financial assets by engaging in financial transactions on the market.
In the hierarchy of the ABS units model, the upper group of statistical units, which (1) own and finance producing units, and (2) comprise enterprise groups, enterprise and legal entities.
General government sector
An institutional sector comprising resident government units and non-market NPIs that are controlled and mainly financed by government units.
A legal entity, which:
A corporation with no significant productive activity other than to control and direct a group of subsidiary corporations.
A small group of persons who share the same living accommodation, who pool some, or all, of their income and wealth and who consume certain types of goods and services collectively, mainly housing and food.
An institutional sector comprising resident households, including resident household unincorporated enterprises.
Household unincorporated enterprise
An unincorporated enterprise that is owned by a household and does not qualify as a quasi-corporation and is therefore included in the household sector.
In SNA93, the statistical unit that is used in institutional sector classification and is defined as an economic entity that is capable, in its own right, of owning assets, incurring liabilities and engaging in economic activities and in transactions with other entities (see also Legal entity).
The jurisdiction of a unit is the government (the Commonwealth or an individual State or Territory Government) which controls the unit or, if the unit is a local government authority, the government that administers the legislation under which the unit was established.
In the ABS business register, the statistical unit which (1) is the first unit classified to institutional sector, (2) is the ABS unit closest in concept to the SNA93 institutional unit, and (3) is defined as a unit covering all the operations in Australia of an entity that possesses some or all of the rights and obligations of individual persons or corporations; or that behaves as such, in respect of those matters of concern for economic statistics.
Level of government
A three-way classification of public sector units based on whether the role, function and geographical extent of the units' political authority is national, State/Territory or Local.
A non-profit institution that either:
See Economically significant prices above.
Production of output which is sold at prices that are economically significant.
The classification given to a public sector unit that cannot be allocated unequivocally to a single jurisdiction.
A corporation or quasi-corporation that is mainly engaged in market production of goods and/or services other than financial intermediation or auxiliary financial services.
Non-financial corporations sector
An institutional sector comprising resident corporations, quasi-corporations and market NPIs mainly engaged in producing goods and non-financial services, and NPIs serving non-financial corporations.
Non-financial public sector
The combination of the general government sector and all public non-financial corporations.
Services other than financial intermediation and financial auxiliary services.
A non-profit institution that disposes of its output free or at prices that are not economically significant.
Production of output which is disposed of free or at prices that are not economically significant.
A legal entity which:
A legal entity with a centre of economic interest outside the economic territory of Australia.
The combination of the household sector, the NPISH sector and all resident corporations and quasi-corporations not controlled by the general government sector.
In the hierarchy of the ABS units model, the lower group of statistical units which (1) are owned and financed by financing units, (2) are so-named because they exercise a degree of control over production activities, and (3) comprise type of activity units and ABN based units.
Public financial corporation
A resident financial corporation or quasi-corporation that is controlled by a unit of the general government sector.
Public non-financial corporation
A resident non-financial corporation or quasi-corporation that is controlled by a unit of the general government sector.
The combination of the general government sector,and all resident corporations and quasi-corporations controlled by the general government sector.
An unincorporated legal entity that:
A legal entity that has a centre of economic interest within the economic territory of Australia.
Rest of the world sector
An institutional sector comprising all non-resident units that engage in transactions with resident units, hold financial claims against resident units, or have financial claims against them that are held by resident units.
Units about which statistics are tabulated, compiled or published.
Represents the proportion of a legal entity that has been allowed to register for an ABN. This type of ABN registration is only found in government units and nonprofit institutions.
A corporation that is more than 50% owned by another corporation.
Type of Activity Unit
Is comprised of one or more business entities, sub-entities or branches of a business entity within an Enterprise Group and can report production and employment data for similar economic activities.
An entity that engages in market production but does not qualify as a quasi-corporation and is included in the statistics as part of the government unit, household or NPI that owns the enterprise.