5671.0 - Lending Finance, Australia, Dec 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/02/2008   
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The Australian and New Zealand Standard Industrial Classification (ANZSIC), which is used to present lending finance statistics on an industry of borrower basis in the time series tables 17, 18, 30, and 41 of this release, has been updated. The ABS is currently in discussion with the Australian Prudential Regulation Authority (APRA) on the implementation of the revised 2006 version of ANZSIC.

Implementing the revised ANZSIC classification will require considerable effort from APRA and the finance sector businesses which provide information to APRA. Before any work commences, the ABS would like to identify current users of these lending statistics on an industry of borrower basis and the nature of the use that they are making of them.

Therefore, if you are a user of lending finance statistics presented on an "industry of borrower" basis, we would appreciate your advice on the use you make of them. Continuation of collection and release of industry statistics will depend on the extensiveness and nature of their use, as the ABS and APRA are required to avoid any unwarranted collection burden on businesses.

To contribute to this process, please contact Michael Abbondante by email at m.abbondante@abs.gov.au or by telephone on (02) 6252 6707 before 22 February 2008.