5331.0 - Balance of Payments and International Investment Position, Australia: Concepts, Sources and Methods, 2011
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/03/2011
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Reserve Bank of Australia
Survey of Principal Transport Enterprises (SPTE)
Survey of International Trade in Services (SITS)
General merchandise data are primarily compiled from International Merchandise Trade Statistics which are produced by the ABS using administrative by-product information from the Australian Customs and Border Protection Service. The coverage and timing of these statistics are adjusted, as required, to place them on a Balance of Payments basis. These adjustments are made using data from SPTE and other sources.
Selected timing adjustments are made to ensure transactions are recorded in the period in which ownership changed, rather than in the period in which the transaction was recorded in International Merchandise trade Statistics.
An example of a timing adjustment is:
Goods that do not cross the customs frontier but do change ownership are estimated and added to the Balance of Payments as a coverage adjustment. Examples include;
Items excluded from general merchandie
Timing of recording
Valuation of general merchandise trade