5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
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Contents >> Chapter 10. Capital account >> Data sources and methods

10.14. As there have been no significant debt forgiveness transactions involving Australia, no data are shown for this component. Other capital transfers, involving Australia’s official foreign aid program, are identified from the Ledgers. Data for other capital transfers associated with migrants’ transfers are obtained from the Migrants’ Transfers Model, which uses data from the Department of Immigration and Multicultural Affairs under the Business Skills Category, data on numbers of migrants entering and leaving Australia and estimates of per capita (non-business) migrants’ transfers based on the SOFUT data. Data sources and methods are summarised in table 10.3.


10.3
SUMMARY OF SOURCES AND METHODS - CAPITAL ACCOUNT
ComponentSource of dataMethod of estimation

CAPITAL TRANSFERS

General government sector
Debt forgivenessNo debt forgiveness transactions have occurred to date

Other transfers

Commonwealth Government Transactions (Ledgers).

The Ledgers provide sufficient data to identify separately that part of Australia’s foreign aid program involving capital transfers.

Other sectors
Debt forgivenessNo debt forgiveness transactions have occurred to date.

Migrants’ transfers credits

Migrants’ Transfers Model (MTM)

MTM is used to estimate migrants’ transfers credits. It relies heavily on Business Skills Category (BSC) information (from the Department of Immigration and Multicultural Affairs), overseas arrivals and departures data on the number of migrants entering and leaving Australia, and estimated per capita transfers (non-business) from SOFUT.

Migrants’ transfers debits

Survey of Foreign Unrequited Transfers (SOFUT)


Overseas Arrivals and Departures (OAD)


Average Weekly Earnings (AWE)

Per capita transfers (derived from SOFUT data) are extrapolated using OAD data on emigrants and movements in AWE.

Other transfers

Other transfers are not separately identified, and included in current transfers.

Acquisition/disposal of non- produced, non-financial assets

Survey of International Trade in Services (SITS) (selected components)

The SITS (selected components) collects data on the purchase and sale of non-produced, non-financial assets, which are used directly to estimate this component. Data on land purchases and sales by embassies are identified as they occur, from media reports, and the appropriate source is approached for the relevant details.





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