5232.0 - Australian National Accounts: Financial Accounts, Sep 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/12/2008
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SEPTEMBER 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 September quarter 2006 to previously published aggregates due to quality assurance work undertaken with data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets.
Because of transitional arrangements for the introduction of a new form to collect data from general insurers by APRA, data were not available for inclusion in this issue. Estimates have been made. The incorporation of the new data into the December quarter 2008 issue will include revisions to data for other insurance corporations for September quarter 2008.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Amanda Seneviratne on Canberra (02) 6252 5338.
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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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