5655.0 - Managed Funds, Australia, Jun 2017
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2017
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JUNE KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
CROSS INVESTED ASSETS
There have been revisions as a result of the receipt of revised administrative data, survey data and due to the inclusion of new survey respondents.
As the ABS has previously advised, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registerable Superannuation Entities (RSEs) from September quarter 2013. A number of data items provided from the new APRA collections significantly deviate from the previous ones, both in concept and definition. Where the impact on an affected series could not be estimated, the ABS has been moving forward the affected series using cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology has continued to be applied in this release.
In the next release of this publication for September 2017, an additional superannuation data collection by APRA, which satisfies the conceptual and definitional requirements of the ABS, will be incorporated. Affected series will be revised for all periods where improved data for Registerable Superannuation Entities are available.
As highlighted in the explanatory notes of this publication, superannuation data for APRA regulated funds is supplemented by estimates of self-managed superannuation funds (SMSFs) regulated by the ATO. These estimates are compiled from the ATO's Self-managed Superannuation Fund Annual Return although they are not separately published. For this June 2017 release, the ABS has used additional indicators to reflect the impact on the June quarter 2017 SMSF's estimates of changes to the superannuation taxation system starting from 1 July 2017.
Users are advised to continue exercising caution when using superannuation data in this publication.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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