CHANGES IN THIS ISSUE
IMPROVEMENT IN NOMINEE ESTIMATES
An improved methodology for compiling nominee data has been implemented in line with the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). The implementation of the new methodology also includes updated sectoral and industry allocation of security issuers based on the Standard Economic Sector Classifications of Australia (SESCA), 2008 (cat. no. 1218.0) and the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (cat. no. 1292.0), and more accurate counterpart country data. The resulting revisions mainly affect portfolio investment liabilities, equity and investment fund shares and debt securities from September quarter 2010. The technical note released in the June 2014 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) provides more detailed information regarding the new methodology implemented.
EXPANSION OF PRESENTED INDUSTRY DATA
ANZSIC categories presented in Tables 14 to 19 of the publication have been expanded to include new industry subdivisions that were previously incorporated into Other Services components. Data previously presented as Transport & Communications have now been split into Transportation and Storage and Information and Communication. The Other Services category has also been split into the following subdivisions: Professional, Scientific and Technical Activities; Administrative and Support Service Activities; Public Administration; Activities Of Households and of Extraterritorial Organisations; Education; Human Health and Social Work Activities; Arts, Entertainment and Recreation; Other Service Activities. Remaining subdivisions are changes in title only, all unit-level data remain allocated within the subdivision.
The following table presents a summary of these changes and corresponding concordances between classifications:
| Former industry presentation | Updated industry presentation |
| Agriculture, forestry and fishing | Agriculture, Forestry and Fishing |
| Mining | Mining |
| Manufacturing | Manufacturing |
| Electricity, gas and water | Electricity, Gas, Steam and Air Conditioning Supply; Water Supply, Sewerage, Waste Management and |
| Construction | Construction |
| Wholesale & Retail trade | Wholesale and Retail Trade; Repair Of Motor Vehicles and Motor Cycles |
| Accommodation, cafes and restaurants | Accommodation and Food Service Activities |
| Transport & Communication | Transportation and Storage |
| Information and Communication |
| Finance and insurance | Financial and Insurance Services |
| Property and business services | Real Estate, Renting and Business Activities |
| Other Services | Professional, Scientific and Technical Activities |
| Administrative and Support Service Activities |
| Public Administration; Activities Of Households and of Extraterritorial Organisations |
| Education |
| Human Health and Social Work Activities |
| Arts, Entertainment and Recreation |
| Other Service Activities |
| Total | Total |
REVISIONS
Revisions in this issue of the publication will include revised estimates derived from the improved data collected from the nominee collection between calendar years 2012 to 2014. The revisions align estimates from the nominee collection to SESCA 08 and ANZSIC 06 and provide a full counterpart country profile associated with the purchase or sale of securities through nominee companies. This will only affect Foreign Investment in Australia - Portfolio Investment statistics. Further revisions include incorporation of new estimates from the latest survey and administrative data which has resulted in revisions to International Investment data back to calendar year 2010.
ROUNDING
Discrepancies may occur between totals in this publication and the same aggregates from other sources, and between sums of component items and totals due to rounding.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or International Accounts in Canberra on (02) 6252 5541. The
ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.
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