Australian Bureau of Statistics

Rate this page
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
1218.0 - Standard Economic Sector Classifications of Australia (SESCA), 2002  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002   
   Page tools: Print Print Page RSS Feed RSS Bookmark and Share Search this Product  

Non-financial corporations sector

3.12. This sector comprises all resident corporations and quasi-corporations mainly engaged in the production of market goods and/or non-financial services (as defined in paragraphs 3.54-3.57), and holding companies (as defined in paragraph 2.21) with mainly non-financial corporations as subsidiaries. Also included are NPIs that mainly engage in market production of goods and non-financial services. These NPIs include those set up by associations of non-financial corporations to mainly provide member corporations with services, for which the members pay directly or by way of regular membership fees.

3.13. For the purposes of sector classification, ancillary corporations are merged with their parent corporation and are therefore included in the non-financial corporations sector if the parent corporation is mainly engaged in production of market goods and/or non-financial services. Ancillary corporations are wholly owned subsidiary corporations that mainly provide services to their parent corporation or other corporations in the same enterprise group.

3.14. The corporations and quasi-corporations in this sector may be controlled by other corporations, households, NPIs, government units or non-resident units.
3.15. Practical circumstances limit the extent to which the ABS includes non-financial quasi-corporations in the non-financial corporations sector. In general, full coverage can be assumed for only the following categories of non-financial quasi-corporations:

  • unincorporated enterprises owned by government units which sell output at market rates
  • unincorporated partnerships of companies and trading trusts
  • unincorporated enterprises controlled by non-resident units
  • unincorporated enterprises assessable for income tax purposes as companies.

3.16. There are particular difficulties in determining which non-financial unincorporated enterprises owned by households qualify as quasi-corporations. Rather than adopt a piecemeal approach, the ABS does not treat household-operated non-financial unincorporated enterprises as quasi-corporations unless they fall into one of the categories above.

Previous PageNext Page

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2016

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.