5302.0.55.002 - Revisions to international standards in quarterly Balance of Payments and International Investment Position statistics from September 2009, 2009

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/07/2009

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Abbreviations
Appendix 1: Revisions to goods and services time series (Appendix)
Appendix 2: Key changes to output tables (Appendix)
Data Cubes (I-Note)

APPENDIX 1: Revisions to goods and services time series

Table A1 - Goods credits and debits series which will be revised

Item	Change	Period revised
		Credits	Debits
Merchanting (credits only)	Merchanting no longer recorded as a service; goods subject to merchanting recorded as exports of goods.	Entire series (from September quarter 1959) will be added to Goods. The current series commences in July 1991 but the BPM6 series will be modelled back to September 1959.	Not Applicable.
Repairs on goods	Repairs on goods, no longer recorded under goods; included in services and renamed maintenance and repair services n.i.e..	Entire series (from March quarter 1984) will be removed from Goods.	Entire series (from December quarter 1985) will be removed from Goods.
Goods for processing	Credit - No longer recorded under goods. This item is the net of export (credit) and import (debit) transactions. Some debit transactions currently included in this item will be included in the goods debits items non-monetary gold and industrial transport equipment n.e.s.. Debit - No longer recorded under goods. This item is the net of import (debit) and export (credit) transactions. Some debit transactions currently included in this item will be included in the goods debits items consumption goods n.e.s., industrial transport equipment n.e.s., processing industrial supplies n.e.s. and non-monetary gold.	Entire series (from March quarter 1985) will be removed from Goods.	Entire series (from September quarter 1980) will be removed from Goods. In addition, the following series will be revised: Consumption goods n.e.s. from March quarter 1998 to December quarter 1998 Industrial transport equipment n.e.s. from September quarter 1980 Processing industrial supplies n.e.s. from September quarter 1986 Non-monetary gold from March quarter 1985.
Goods procured in ports by carriers	Reclassified within Goods from other goods to General merchandise under Non-rural goods (for credits) and to General merchandise under Intermediate and other merchandise goods (for debits).	Entire series (from September quarter 1972) will be reclassified with no change in level.	Entire series (from September quarter 1972) will be reclassified with no change in level.

Table A2 - Services credits and debits series which will be revised

Item	Change	Period revised
Item	Change	Credits	Debits
Merchanting (credits only)	No longer recorded as a service (credits only).	Entire series (from September quarter 1991) removed from Services.	Not applicable.
Manufacturing services on physical inputs owned by others	New service recorded. This was previously named goods for processing.	Entire series ( from September quarter 1983) added to Services.	Entire series (from September quarter 1983) added to Services.
Maintenance and repair services n.i.e.	New service recorded. This was previously named repairs on goods.	Entire series (from March quarter 1984) added to Services.	Entire series (from March quarter 1984) added to Services.
Freight transport services	Revised model used and reclassification.	No change.	From September quarter 1988 due to change in model and from September quarter 2000 will include freight between overseas ports which was previously included in other transportation.
Postal and courier services	Reclassified to Transport services from Communication services and includes indirect commission from sea transport.	From September quarter 1991. This also results in a revised Other transport series.	From September quarter 1991. This also results in a revised Other transport series.
Engineering services	Correction to data reported by provider.	From December quarter 2001 with offsetting change in Construction services.	From December quarter 2001 with offsetting changes in Other business services n.i.e..
Insurance and pension services:
- Freight insurance	Revised model used.	From September quarter 1988.	From September quarter 1988.
- Other direct insurance	Revised model used.	From September quarter 2002.	From September quarter 2003.
- Reinsurance	Revised model used.	From September quarter 1999.	From September quarter 2003.
- Auxiliary services	Revised model used.	From September quarter 2002.	From September quarter 2003.
- Pension services	Revised model used.	From June quarter 1988.	From September quarter 1988.
Financial services	Survey data replaces modelled data.	From September quarter 1997.	From September quarter 1997.
Financial services	FISIM is now separately identified.	From September quarter 1988.	From September quarter 1988.
Telecommunication services and computer and information services merged to form a new category Telecommunications, computer and information services. The old Communication services category no longer exists.	Reclassification.	Entire time series (from September quarter 1991).	Entire time series (from September quarter 1991).
Other business services	Reclassification of sea and air operational leasing services from Other transport to Operational leasing services.	From September quarter 1997.	Not applicable.
Other business services	Reclassification of Other business services n.i.e. from Communication services to Other business services.	From September quarter 1991.	From September quarter 1991.