5655.0 - Managed Funds, Australia, Sep 2017
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2017
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SEPTEMBER KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
CROSS INVESTED ASSETS
CHANGES IN FORTHCOMING ISSUES
The next release will include minor changes to some graphs. The time frame of the graphs for Managed Funds and Unconsolidated Assets in the Main Features section will be extended from five quarters to a five year time frame. In the Analysis section, the chart showing the current quarter's levels of consolidated assets by types of asset will change to indicate quarterly movements.
There have been revisions as a result of the implementation of the Superannuation data changes described below, and also as a result of the receipt of revised administrative data, survey data, the inclusion of new survey respondents and, in Table 2, improvements to the aggregation of data items.
The superannuation statistics in Managed Funds, Australia, are compiled from APRA's Registrable Superannuation Entities (RSEs) reporting forms, and the Australian Taxation Office's (ATO) Self-managed Superannuation Fund Annual Returns form. This September 2017 release includes revisions to previously published Superannuation data primarily as a result of updated reporting standards for RSEs and to better reflect current industry practices. The updated reporting standards are focussed around two international standards; the System of National Accounts (SNA) and the Balance of Payments Manual (BPM) and are designed to reflect the detailed counterparty and asset class information inherent to these standards. These changes, along with the inclusion of some data items that were not previously captured has resulted in relatively minor revisions to total asset levels. There have been significant revisions however to more detailed data items particularly as a result of a change in the treatment of Superannuation entities investments in units (equity) in wholesale trusts. The disaggregation of units in wholesale trusts into property and infrastructure trusts, and other trusts is available from September 2016 onwards. Prior to this, disaggregated data is not available for publication but is included in totals, where applicable.
Aside from the revisions resulting from updated reporting standards, the adoption of the accounting standard AASB 1056 has significantly increased revisions to total asset levels from September 2016 to June 2017.
More detail on the revisions is provided in the Information paper: Changes to Managed Funds to incorporate data from updated Superannuation funds reporting standards, 2017 (cat. no. 5655.0.55.004) released on 30 November 2017.
Further detail on the Superannuation statistics contained in this publication are also found in the explanatory notes in paragraphs 12 to 17.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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