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The International Investment Position (IIP) has been revised back to September quarter 2015. Major contributors to the revisions were due to late forms, the addition of units to the frame and revised data from reporting units. These revisions have increased Australia's net IIP liability $2,039m to a net liability position of $1,037,897m at 30 June 2016.
Seasonally adjusted and trend series have been revised to incorporate latest quarterly estimates, the annual re-analysis and the re-derivation of seasonal factors under the concurrent seasonal adjustment methodology. For details on the seasonal re-analysis see the Annual seasonal re-analysis section.
Chain volume estimates, implicit price deflators and terms of trade indexes have been revised as a result of the incorporation of revised estimates and seasonal factors and the introduction of a new reference year. For details see the New base year and re-referencing of chain volume estimates, implicit price deflators and terms of trade indexes section.
Data in this issue aligns with the data in the September quarter 2016 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 7 December 2016.
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