5232.0 - Australian National Accounts: Financial Accounts, Jun 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/09/2008
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JUNE 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.
The allocation of pension fund transactions across the capital and financial accounts has caused measurement difficulties. These are particularly acute in the June quarter 2007 following increased contributions made to superannuation funds prior to legislation changes which came into effect from 1 July 2007. The estimates, particularly those for June quarter 2007, should be treated with caution. Further review and refinement is underway and the estimates may be revised.
There were no significant privatisations impacting the aggregates this quarter.
REVISIONS IN THIS ISSUE
There have been revisions back to September quarter 2004 to previously published aggregates due to:
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Malcolm Adamson on Canberra (02) 6252 6711.
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5232.0 - Australian National Accounts: Financial Accounts will be reviewed next year as part of ABS implementation of new international statistical standards. We would value your input and assistance in helping to shape this publication to meet your needs. A short feedback form is linked below for your comments.
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