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The financial account and international investment position have been revised back to September quarter 2010, resulting in an increase of $1,788m in Australia's net IIP liability as at 31 December 2011 to a liability position of $856,440m.
Full detailed revisions in time series are available in Table 36. Summary of revisions of this publication on the ABS website <http://www.abs.gov.au> from the 'Downloads' tab of this issue.
Seasonally adjusted and trend series have been revised to incorporate these revisions and estimates for the latest quarter.
In seasonally adjusted terms, the revisions decreased the volume deficit on goods and services by $409m (3%) for the December quarter 2011.
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