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 >> Royalties and licence fees

7.24. Royalties and licence fees cover the exchange of payments and receipts between residents and non-residents for the authorised use of intangible, non-produced, non-financial assets and proprietary rights, and the use, through licensing agreements, of produced originals such as manuscripts or films. It includes the use of: patents, industrial designs, industrial know-how, manufacturing rights and prototypes; trademarks and franchising fees; computer software; computer design and hardware; and other royalties. Distribution and licence fees sold to the media for a limited number of showings in specified areas for films, television programs, videos, multimedia and music are included in personal, cultural and recreational services.

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