5232.0 - Australian National Accounts: Financial Accounts, Mar 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008
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MARCH KEY POINTS
CHANGES TO THIS ISSUE
There are no significant changes in 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.
There were no significant privatisations impacting the aggregates this quarter.
REVISIONS IN THIS ISSUE
There have been revisions back to June quarter 2006 to previously published aggregates due to:
CONFIDENTIALITY OF FUTURE FUND
During the June quarter 2007, the Future Fund commenced investment activity. The Future Fund is a National General Government (NGG) unit and thus the investment activity and associated holdings of assets are recorded as part of the NGG sector. In order to maximise the availability of information about the activities of the NGG sector, ABS legislation allows the publication of identifiable information about this sector except where a request for confidentiality has been received from the relevant Minister. A request has been received and the relevant estimates have been confidentialised in this publication. The estimates will remain confidential in all future releases published up to and including 30 June 2008. As a consequence of suppressing estimates concerning the Future Fund's investment activity, it has been necessary to consequentially suppress other series in the affected tables to preserve confidentiality.
Following release of information by the Future Fund in February and April 2008, the ABS has received consent to remove supression previously applied to a small number of series.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Paul Romanis on Canberra (02) 6252 6104.
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