5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/09/2009   
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The ABS will introduce revised international standards into the Balance of Payments, National Accounts and related series with the September quarter 2009 releases. To enable series to be complied and validated according to the new standards, the September quarter issue of this publication will be released one week later than normal. Details about the implementation of the new standards are provided in the following information papers:

An Information paper: Revisions to international standards in quarterly Balance of Payments and International Investment Position statistics from September 2009 (cat. no. 5302.0.55.002) was released on 22 July 2009. This paper describes the main changes to the international standards, timing for implementing the changes in Australian statistics, impact on time series and presentation of statistics in this publication. It also provides mock-ups of the proposed publication and related time series spreadsheets. New series identifiers will be added to the mock-ups of the time series spreadsheets on 27 October 2009.

An Information paper: Estimation of Worker's Remittances based on Balance of Payments and International Investment Position Manual, Sixth Edition, September 2009 (cat. no. 5302.0.55.003) was released on 14 August 2009. This paper discusses the treatment of Workers' remittances and the methodology that has been developed to estimate Workers' remittances debits (i.e. payments out of Australia). The new data series will commence from September quarter 1989 and will be included under Personal transfers in the Secondary income account of the balance of payments from the September quarter 2009 issue of this publication.

An Information paper: Revisions to international standards in monthly international trade in goods and services statistics from August 2009 (cat. no. 5368.0.55.012) was released on 4 June 2009. This paper outlines the changes to the international standards and the impact on the presentation of statistics in International Trade in Goods and Services, Australia (cat. no. 5368.0). It also describes the background to the changes, timing of the proposed changes and provides mock-ups of the proposed publication and the related time series spreadsheets.

An Information paper: Implementation of revised international statistical standards in ABS National and International Accounts (cat no. 5310.0.55.002), scheduled to be released on 30 September 2009 will describe the impact of the international standards on Australia's macro economic accounts including key aggregates for the balance of payments and international investment position. Technical information included in this paper will describe the most significant changes in more detail.