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Table 36 summarises revisions, in original current price terms, since the last issue of this publication, for the last three years and six quarters.
Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments series back to September quarter 2013. In original current price terms, these revisions have:
The IIP has been revised back to September quarter 2013. These revisions have increased Australia's net IIP liability by $559m to a net liability position of $866,708m at 31 December 2014.
The full time series for the revisions are available in table 36, Summary of revisions, from the 'Download' tab of this issue.
From this issue, a trend break has been applied to the June quarter 2014 for the metal ores and minerals component, Western Australia and Tasmania in current price terms. This trend break will be reassessed as part of ongoing quality improvements as more observations become available. Seasonally adjusted and trend series have been revised due to the incorporation of revised and latest quarter estimates.
In seasonally adjusted terms, the revisions have decreased the volume surplus on goods and services by $534m (7%) for the December quarter 2014.
Data in this issue aligns with the data in the March quarter 2015 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 3 June 2015.
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