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5302.0 - Balance of Payments and International Investment Position, Australia, Dec 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2012   
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RELATED RELEASES


INFORMATION PAPER: CHANGES TO AHECC AND CUSTOMS TARIFF

The Information Paper: Changes to AHECC and Customs Tariff (cat. no. 5368.0.55.017) was released on 8 December 2011. This information paper provides correspondences between the statistical codes of the Australian Harmonized Export Commodity Classification (AHECC) and Customs Tariff, and related classifications used for the dissemination of merchandise trade data as follows:

  • Correspondences between Customs Tariff 2011 and 2012
  • AHECC correspondences to Standard International Trade Classification Rev. 4, Broad Economic Category, Australian and New Zealand Standard Industrial Classification 2006; and free standing descriptors
  • Customs Tariff correspondences to Standard International Trade Classification Rev. 4, Broad Economic Category, Australian and New Zealand Standard Industrial Classification 2006, Balance of Payments Broad Economic Category; and free standing descriptors.

The Customs Tariff 2012 is available from the Australian Customs and Border Protection Service website www.customs.gov.au, select 'Tariff' then 'Working tariff 2012'.


INFORMATION PAPER: OUTCOME OF THE PRODUCER AND INTERNATIONAL TRADE PRICE INDEXES REVIEW

The Information Paper: Outcome of the Producer and International Trade Price Indexes Review 2012 (cat. no. 6427.0.55.004) is released today (6 March 2012). This information paper presents the outcome of the review process and addresses issues such as: the principal purpose; the organising structure; coverage; and release timing. Further information or queries regarding this paper should be directed to Derick Cullen of the Macroeconomics Research Section on (02) 6252 7139 or via email d.cullen@abs.gov.au.

The changes to the Producer and International Trade Price Indexes will be introduced from the September reference quarter 2012.
  • The ABS will delay the timing of the Producer Price Indexes (PPI) and International Trade Price Indexes publication (ITPI) releases by nine working days, aligning with the National Accounts and Balance of Payments publications deadlines; and
  • The current timing of the preliminary estimates of imports CVMs and IPDs presented in the third month of each quarter in the publication International Trade in Goods and Services, Australia (cat. no. 5368.0) cannot be supported under the revised time frames. The ABS plans to release a new electronic publication presenting the preliminary imports CVMs as soon as practicable after the release of the ITPIs.

The ABS is seeking feedback on the proposed changes specified above. Please contact Chris Hinchcliffe on Canberra (02) 6252 6908 or via email chris.hinchcliffe@abs.gov.au by 30 March 2012.


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