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EMISSIONS REDUCTION SCHEMES

Amendments to the Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0) have been made. This update to the amendment relates to the introduction and treatment of the various Commonwealth schemes that have been established by the Australian Government to reduce greenhouse gas (GHG) emissions, and it aligns the Concepts, Sources and Methods with the ABS approach to emissions reduction schemes. The amendments should be read in conjunction with the Concepts, Sources and Methods and are considered part of the Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0). The full amendments can be found in the explanatory notes section of the release. A summary is available in the main features. The date of effect for the changes in this latest amendment is 1 July 2012. The Concepts, Sources and Methods was not opened for a more general update.


NEW IN SEPTEMBER QUARTER 2012 RELEASE OF 5519.0.55.001 - GOVERNMENT FINANCE STATISTICS, AUSTRALIA

Emissions reduction scheme data are included in relevant GFS aggregates commencing with the September Quarter 2012 issue, with data for the Renewable Energy Certificates (RECs) issued under the Commonwealth Renewable Energy Target (RET) backcast in the time series. Separate data series for emissions reduction schemes are not available.

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target and the Carbon Farming Initiative).


REVISED STANDARD FOR GOVERNMENT FINANCE STATISTICS

The International Monetary Fund's (IMF) Government Finance Statistics Manual 2001 (GFSM 2001) will be revised in the future to reflect the 2008 SNA. Although the IMF review of the GFSM has commenced, the timing of the final release of GFSM is unknown at this stage. A draft GFSM has now been released on the IMF website. ABS GFS will be updated to reflect the new international standard after the IMF GFSM is final.

Link to IMF website: http://www.imf.org/external/np/sta/gfsm/index.htm


RELEASES

Government Finance Statistics, Australia, 5519.0.55.001

Sep Qtr 20142 December 2014
Dec Qtr 20143 March 2015


Government Finance Estimates, Australia, 5501.0.55.001

2013–1427 August 2013
2014-1530 September 2014


Government Finance Statistics, Australia, 5512.0

2012–1328 May 2014
2013-14April 2015


Taxation Revenue, Australia, 5506.0

2012–1328 May 2014
2013-14April 2015


Government Finance Statistics, Education, Australia, 5518.0.55.001

2012–1328 May 2014
2013-14April 2015



Commonwealth of Australia 2008

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