5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
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Contents >> Chapter 7. Current account - services >> Valuation and time of recording

7.28. As with all transactions, the basis on which transactions in services should be valued, in principle, is the market price. In practice, the transaction prices recorded in the data sources for the services items are used as the closest practical approximation to market prices.

7.29. The time of recording service transactions in Australia’s balance of payments statistics is in concept when the service is rendered, i.e. delivered or received. These dates often coincide with dates on which the services are produced. As a practical proxy, the time of recording by the data source is used.

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