5232.0 - Australian National Accounts: Financial Accounts, Jun 2009
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/09/2009
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JUNE KEY POINTS
CHANGES TO THIS ISSUE
There are no significant changes to this issue.
The global financial crisis has caused changes in the structure and behaviour of financial markets. Sudden shifts in structural relationships which have existed for some time mean that data supplied by businesses to the ABS and ABS editing and compilation practices may not reflect the impact of these changes fully and in a timely manner. The ABS is working with providers and reviewing and updating, where needed, a range of methods relating to the collection and compilation of financial sector output, income, transactions, positions and prices. This process is likely to lead to revisions in future releases.
The Central bank, banks, financial intermediaries n.e.c. and bond market tables include estimates for internally securitised paper. Please refer to page 6 of the December quarter 2008 release for the ABS treatment of these securities.
There were no significant privatisations impacting the aggregates this quarter.
REVISIONS IN THIS ISSUE
There have been revisions back to June 2007 to previously published aggregates due to quality assurance work undertaken with data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets.
The September quarter 2009 issue will incorporate changes due to updated international standards, particularly the System of National Accounts (SNA08), the Balance of Payments and International Investment Position Manual (BPM6), and the Standard Economic Sector Classifications of Australia (SESCA08). More information on these changes will be published in Information paper: Product changes to Financial Accounts following revisions to international standards (cat. no. 5232.0.5.003) early in October 2009.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Robert Villani on Canberra (02) 6252 5338.
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