Australian National Accounts: Finance and Wealth

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National, public and private corporations, government and household financial and capital accounts, and household balance sheets.

Reference period

June 2021

Released

23/09/2021

View all releases

Release date and time

23/09/2021 11:30am AEST

Key statistics

Household wealth rose $735.0b (5.8%) to a record $13,433.7b
Demand for credit was $78.6b, an increase of $25.5b
Australia's net lending position increased $9.6b to $24.2b
Capital investment as a proportion of GDP rose to 22.8%

Main features

Financing resources and investment table

Financing resources and investment June quarter 2021, original, current prices, $b
			Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Financing resources
	Net saving (a)	27.9	0.4	3.5	14.8	46.6	-26.3
	plus Consumption of fixed capital	45.2	3.2	11.7	31.9	92.1	-
	Gross saving	73.1	3.6	15.2	46.7	138.7	-26.3
	plus Net capital transfers	0.6	0.6	-3.6	2.2	-0.2	0.2
	less Statistical discrepancy (b)	-	-	-	-	-18.9	-
	Total financing resources	73.7	4.2	11.6	48.9	157.4	-26.1
Uses of financing (investment)
	Capital formation
		Gross fixed capital formation	55.2	3.0	27.9	46.1	132.2	-
		plus Changes in inventories	-0.1	0.0	0.2	-1.0	-1.0	-
		plus Net acquisition of non-produced non-financial assets	-0.3	-	0.3	-	-	-
		Total capital formation	54.7	3.0	28.4	45.1	131.2	-
	plus Financial investment
		Acquisition of financial assets	51.9	78.0	8.1	61.5	26.4	2.2
		less Incurrence of financial liabilities	29.5	80.2	20.1	45.5	2.2	26.4
		Net Financial investment (Net lending (+) / net borrowing (-))	22.4	-2.2	-12.0	16.0	24.2	-24.2
	less Net errors and omissions	3.5	-3.4	4.8	12.1	-1.9	1.9
	Total investment	73.7	4.2	11.6	48.9	157.4	-26.1

Financial market summary table

Financial market summary, $b
		Amounts outstanding, Mar-21	Transactions, Jun-21	Other changes, Jun-21	Amounts outstanding, Jun-21
Currency and deposits
	Currency	101.0	-1.3	-	99.7
	Transferable deposits	1,736.9	218.9	1.3	1,957.1
	Other deposits	1,365.8	-27.7	4.0	1,342.0
Short term debt securities
	Bills of exchange	11.9	-1.1	-	10.7
	One name paper	445.6	1.4	2.0	449.1
Long term debt securities
	Bonds, etc.	3,114.7	23.9	23.6	3,162.2
Derivatives
	Derivatives	718.8	-56.0	25.1	687.9
Loans and placements
	Short term	378.1	0.5	0.9	379.5
	Long term	4,098.1	59.5	1.5	4,159.1
Shares and other equity
	Listed	2,326.3	1.2	196.3	2,523.8
	Unlisted	5,154.5	62.9	143.9	5,361.4
Insurance technical reserves
	Reserves of pension funds and life	2,942.4	32.4	139.8	3,114.5
	General insurance payments	138.3	8.4	0.0	146.7

Flow of funds diagrams

National investment

National investment grew $23.0b to $131.2b in the June quarter.

General government investment increased by $7.6b to $28.4b driven by an increase in gross fixed capital formation in both national and state and local general government.
Non-financial corporations' investment increased by $9.3b to $54.7b driven by an increase in gross fixed capital formation in both public and private non-financial corporations.
Household investment increased by $5.7b to $45.1b driven by an increase in gross fixed capital formation.

Financial investment

Australia was a net lender of $24.2b, the ninth consecutive quarter of net lending. The main contributors were a:

$36.9b acquisition in rest of world (ROW) equities, driven by pension funds, other private non-financial corporations (OPNFC) and non-money market funds
offset by $7.7b maturities of general government short term debt securities held by ROW

Pension funds, OPNFC and non-money market funds continued to invest in overseas markets as economic conditions continued to improve. Continued maturities of treasury notes decreased the general government's liability with ROW investors.

Households

Households' $16.0b net lending position was due to a $61.5b acquisition of assets, offset by a $45.5b incurrence of liabilities,
The acquisition of assets was lead by:

$29.4b in net equity in pension funds

While liabilities were driven by:

$45.1b in loan borrowings

Net equity acquisition in pension funds was due to continued improvement in the labour market. Increased activity in the property market and the low interest rate environment saw strength in demand for housing loans by owner-occupiers and investors.

Non-financial corporations

Non-financial corporations' $22.4b net lending position was due to a $51.9b acquisition of financial assets offset by $29.5b incurrence of liabilities. The acquisition in assets was driven by:

$38.9b in deposits

While liabilities were driven by:

$17.9b in equity raising

Deposits increased as non-financial corporations continued to save. Businesses sought to raise funds through equities markets driven by high investor demand.

General government

General government's $12.0b net borrowing position was due to a $8.1b acquisition in assets offset by $20.1b incurrence of liabilities. Liabilities were driven by:

$7.4b in loan borrowings
$7.1b net issuance of bonds

The loan borrowings was in line with growth in public investment by state and local general government. Bond issuance by the national general government stabilised over the quarter as the Commonwealth government completed it's funding task for the 2020-21 financial year.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Jun-08	-15.0	-2.0	-14.4	-0.7	2.0
Sep-08	-14.1	-43.7	-8.7	4.0	34.3
Dec-08	-8.4	-36.5	-15.7	-6.8	50.5
Mar-09	-7.2	-10.9	-1.0	-1.5	6.3
Jun-09	-14.8	14.1	-30.0	-18.0	19.1
Sep-09	-18.9	-29.8	31.1	-29.3	9.1
Dec-09	-23.2	-6.2	-3.1	-18.9	4.9
Mar-10	-20.4	1.0	-18.5	-13.7	10.8
Jun-10	-6.4	21.6	-10.1	-11.1	-6.8
Sep-10	-11.6	-6.2	10.5	-25.1	9.2
Dec-10	-13.7	-6.3	9.2	-15.1	-1.4
Mar-11	-12.9	14.2	5.7	-17.2	-15.5
Jun-11	-8.0	-0.6	9.0	-20.1	3.7
Sep-11	-11.0	-10.9	4.5	-30.7	26.1
Dec-11	-13.7	1.5	-3.2	-15.0	3.0
Mar-12	-16.4	-34.7	20.8	-11.5	8.9
Jun-12	-10.1	3.5	-21.0	-32.5	39.9
Sep-12	-19.4	-4.8	-10.7	-26.5	22.5
Dec-12	-18.0	-13.4	-2.0	-11.4	8.8
Mar-13	-10.9	-33.2	23.1	-17.6	16.8
Jun-13	-11.7	-39.4	14.1	-11.8	25.5
Sep-13	-17.9	-14.6	-16.4	-21.5	34.7
Dec-13	-10.4	-41.2	23.0	-9.5	17.4
Mar-14	-9.4	-16.6	9.2	-12.2	10.2
Jun-14	-9.8	-23.0	20.1	-12.7	5.8
Sep-14	-17.1	-8.5	-19.7	-19.1	30.3
Dec-14	-15.1	-0.8	-27.7	-14.3	27.6
Mar-15	-9.1	-11.7	-0.2	-5.3	8.2
Jun-15	-20.9	-32.6	4.6	-5.1	12.2
Sep-15	-26.0	-48.0	-4.4	-17.0	43.4
Dec-15	-25.2	-40.8	2.3	-6.0	19.2
Mar-16	-13.2	-23.0	16.1	-11.0	4.8
Jun-16	-18.9	8.0	-32.1	-8.7	13.8
Sep-16	-15.0	-7.4	-2.1	-22.5	16.9
Dec-16	-4.0	3.8	-13.3	-20.0	25.5
Mar-17	-4.5	-17.6	11.2	1.7	0.2
Jun-17	-12.3	25.2	-31.5	-13.1	7.1
Sep-17	-14.9	-10.6	-9.9	-19.4	25.0
Dec-17	-18.5	-7.8	-22.4	-4.3	16.0
Mar-18	-10.5	-25.0	6.6	-0.7	8.6
Jun-18	-12.6	-11.4	-15.8	1.0	13.6
Sep-18	-13.3	-29.0	-3.7	-15.9	35.2
Dec-18	-3.5	-9.8	2.4	-7.0	10.9
Mar-19	-2.5	-23.6	1.0	0.3	19.7
Jun-19	6.9	4.4	-17.4	-8.5	28.4
Sep-19	4.1	2.5	-30.8	-22.7	55.1
Dec-19	5.4	-9.1	0.6	-11.2	25.1
Mar-20	9.0	-3.7	7.6	-17.4	22.6
Jun-20	17.6	41.0	10.4	-95.2	61.4
Sep-20	6.1	30.6	11.5	-119.2	83.2
Dec-20	12.1	22.5	1.9	-51.0	38.8
Mar-21	14.6	3.8	16.3	-10.7	5.2
Jun-21	24.2	22.4	-2.2	-12.0	16.0

Net financial investment (net lending (+) / borrowing (-))

["","National net financial investment","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
		Credit market outstandings, Mar-21	Demand for credit, Jun-21	Other changes, Jun-21	Credit market outstandings, Jun-21
Non-financial corporations
	Investment funds	466.2	6.5	22.8	495.5
	Other private	3,839.4	13.3	118.4	3,971.0
	Public	146.0	5.3	0.0	151.3
General government
	National	889.9	-0.3	9.8	899.5
	State and local	295.1	8.7	0.0	303.9
Households	2,444.9	45.1	1.8	2,491.8
Total	8,081.5	78.6	152.8	8,312.9

Demand for credit was $78.6b in the June quarter, of which:

households borrowed $45.1b
other private non-financial corporations borrowed $13.3b
general government borrowed $8.5b

Credit market outstanding grew $231.4b (2.9%) of which $152.8b was revaluation gains. The stock market drove $138.3b of revaluation gains in shares of private non-financial corporations.

Households

Household demand for credit was the strongest since June quarter 2007, driven by demand for new housing loans amid heightened housing market activity. Both owner-occupiers and investors contributed to housing credit growth. This was aided by borrowing by unincorporated businesses who took advantage of record low interest rates and government tax incentives for investment. This was reflected in:

$45.6b of long term loan borrowings
partly offset by $469m repayment of short term loans

Private non-financial corporations

Businesses continued to favour equity raising attracting funds particularly from non-resident investors. Modest loan borrowing reflected limited immediate need for debt funding as favourable operating conditions in the first half of 2021 and recent policy support have largely preserved business cash buffers. Funds of other private non-financial corporations were acquired through:

equity raising of $13.3b
loan borrowings of $1.3b

General government

The Commonwealth government's funding requirements fell as pandemic-related support payments drew to a close in March and debt issuance stabilised following extraordinary growth in 2020. State governments raised funds through respective central borrowing authorities for increased health spending and ongoing public infrastructure projects. This was seen in:

$7.7b in loan borrowings by state and local general governments
$6.2b bond issuance by national general government

Demand for credit by sector
	Other private non-financial corporations ($b)	Households ($b)	National general government ($b)	State and local general government ($b)
Jun-08	20.5	34.7	1.5	12.2
Sep-08	57.2	11.7	-1.1	1.5
Dec-08	42.0	9.1	4.5	4.2
Mar-09	16.8	10.8	14.1	-0.4
Jun-09	3.5	26.9	26.7	1.2
Sep-09	18.8	26.1	6.8	11.1
Dec-09	6.7	22.7	14.1	-0.3
Mar-10	2.6	18.2	14.6	6.0
Jun-10	0.8	29.2	16.3	4.7
Sep-10	15.4	16.9	13.9	4.6
Dec-10	20.2	23.3	14.0	-1.7
Mar-11	6.4	21.4	10.3	7.8
Jun-11	6.1	27.2	9.0	9.9
Sep-11	30.8	7.4	16.1	12.1
Dec-11	-4.6	16.7	17.8	3.7
Mar-12	28.1	11.6	16.1	0.6
Jun-12	16.3	23.0	-0.6	13.5
Sep-12	16.3	1.9	16.9	11.8
Dec-12	15.4	14.8	14.0	-3.1
Mar-13	23.2	11.8	6.5	3.7
Jun-13	37.1	26.9	-8.8	-0.3
Sep-13	24.5	4.3	21.6	8.1
Dec-13	35.4	30.3	18.3	2.1
Mar-14	8.2	18.7	16.4	4.5
Jun-14	31.6	34.2	6.7	2.4
Sep-14	33.7	19.8	19.4	4.5
Dec-14	35.3	26.2	9.9	2.8
Mar-15	42.6	25.0	14.7	3.0
Jun-15	26.1	39.2	5.7	-4.2
Sep-15	38.9	18.2	29.3	8.4
Dec-15	33.4	23.1	4.6	-4.3
Mar-16	30.7	25.3	22.0	1.5
Jun-16	11.1	34.7	4.2	0.1
Sep-16	21.1	28.6	23.6	1.8
Dec-16	57.0	20.7	23.1	-8.9
Mar-17	5.7	21.6	20.9	-2.1
Jun-17	37.3	40.6	17.5	1.5
Sep-17	33.2	18.2	1.5	2.9
Dec-17	31.2	28.1	13.7	2.4
Mar-18	39.2	19.6	4.8	0.9
Jun-18	14.3	27.5	10.1	0.1
Sep-18	67.3	13.9	3.4	2.1
Dec-18	8.4	19.7	2.1	4.9
Mar-19	43.7	10.2	-2.7	5.1
Jun-19	40.8	16.4	7.4	7.6
Sep-19	14.0	-6.9	17.4	9.6
Dec-19	18.4	19.4	6.1	7.4
Mar-20	53.2	2.4	20.9	17.1
Jun-20	-10.6	15.9	106.6	31.5
Sep-20	-1.1	8.5	117.5	27.8
Dec-20	3.5	23.0	10.4	19.4
Mar-21	14.2	26.2	15.8	-4.8
Jun-21	13.3	45.1	-0.3	8.7

Demand for credit by sector

["","Other private non-financial corporations","Households","National general government","State and local general government"]

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Households

Balance sheet

Household balance sheet, $b
		Amounts outstanding, Mar-21	Transactions, Jun-21	Other changes (a), Jun-21	Holding gains/losses, Jun-21	Amounts outstanding, Jun-21
Non-financial assets
	Land and dwellings	8,366.3	10.8	5.7	560.0	8,942.7
	Other non-financial assets	666.9	2.4	-	-2.6	666.6
Financial assets
	Superannuation reserves	3,418.1	33.4	-	107.4	3,558.9
	Shares and other equity	1,146.3	4.1	-	29.9	1,180.3
	Currency and deposits	1,336.8	5.2	-	0.6	1,342.6
	Other financial assets	339.8	18.8	-	6.6	365.3
Liabilities
	Loans	2,439.4	45.1	-	1.8	2,486.3
	Other liabilities	136.1	0.4	-	-	136.4
Wealth (Net worth)	12,698.7	29.1	5.7	700.2	13,433.7
Memorandum item
	Consumer durables (b)	422.1	5.9	-	-	425.5

Financial assets

Household selected financial assets, $b
	Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	66.6	6,129.1	34.6	6,241.0	61.5	6,447.0
Deposits	27.9	1,274.6	15.5	1,290.2	5.3	1,296.1
Shares and equity	8.0	1,117.8	1.9	1,146.3	4.1	1,180.3
Net equity in reserves	23.6	2,871.9	16.5	2,948.2	32.6	3,121.0
	Pension funds	20.0	2,732.8	19.3	2,810.9	29.4	2,974.0
Other assets	7.0	864.9	0.6	856.3	19.6	849.6

Liabilities

Household selected liabilities, $b
	Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	27.8	2,545.5	29.4	2,575.5	45.5	2,622.7
Short term loans	1.0	63.9	-1.3	62.6	-0.5	62.1
Long term loans	22.2	2,348.6	27.6	2,376.8	45.6	2,424.2
Other liabilities	4.6	133.0	3.1	136.1	0.4	136.4

Household wealth rose 5.8% ($735.0b) to a record $13,433.7b at the end of the June quarter. This is the largest quarterly growth since December 2009, which was the peak of the recovery from the global financial crisis. Household wealth was driven by continued strength in the housing market and holding gains in financial assets.

Wealth per capita increased 5.6%($27,782) to $522,032 per person.

Non-financial assets

Non-financial assets owned by households increased 6.4% ($782.2b), driven by a:

$576.5b rise in land and dwellings

Holding gains on land and dwellings reflected the sustained growth in property prices due to increasing housing market activity over the June quarter. Demand for property remains strong due to:

record low interest rates;
recovery in the labour market; and
rising consumer confidence.

Buyer demand was greater than the levels of stock on the market and maintained upward pressure on residential property prices.

Financial assets

Financial assets of households rose 3.3% ($206.1b), driven by:

$140.8b rise in superannuation reserves
$34.0b rise in shares and other equity

Growth in these assets was driven by revaluation gains, reflecting the positive performance of domestic and overseas share markets.

Transactions in superannuation ($29.4b) also contributed to the increase, reflecting continued employment growth over the quarter as economic conditions improved.

Liabilities

Household liabilities increased 1.8% ($47.2b), driven by:

$38.0b rise in housing loans
$8.7b rise in unincorporated business loans

Growth in housing loans reflects the continuation of increased activity in the property market and is the strongest quarterly rise since December quarter 2016. The rise was mainly driven by owner-occupier loans, which increased $31.9b. Investor loans also contributed $6.0b to the rise, recording a third consecutive quarter of positive growth. Growth in unincorporated business loans is consistent with improvements in economic conditions and government tax incentives for investment.

Change in household wealth
	Wealth (Net worth)	Land and dwellings	Superannuation	Currency and deposits	Shares and equity	Other financial assets	Liabilities
Jun-08	-80.8	-50.5	-1.9	18.9	-11.1	-2.9	-35.8
Sep-08	-118.1	-64.3	-48	25.1	-11.2	-3.2	-18.1
Dec-08	-312.2	-215.4	-92.6	36.8	-33.6	0.7	-12.1
Mar-09	-17	16.1	-18.6	10.4	-9.2	-6.2	-12.4
Jun-09	279	155.8	120.4	4.2	17.2	6.5	-27.3
Sep-09	362.1	223	112.1	14.7	34.2	11.9	-36.4
Dec-09	341.5	295	46.5	9.9	1.5	1.8	-19.4
Mar-10	218.4	195	23.9	10.5	2.2	2.4	-20.9
Jun-10	-116.8	-28.7	-41.5	7.3	-23.3	-1.2	-32.9
Sep-10	87.3	17.3	42.7	27.2	11.6	3	-17.4
Dec-10	69.3	22.7	48.7	13.6	5.2	2.1	-27.9
Mar-11	-10.7	-15.4	29	8.3	1.9	-10.9	-26.4
Jun-11	-31.4	8.7	-1.4	0.5	-8.9	-2.8	-28.4
Sep-11	-211	-130.2	-71.1	23.6	-15.3	-4.3	-13.9
Dec-11	7.2	-16.5	15.5	15.4	4.7	0.2	-14.7
Mar-12	102.6	26.6	65.1	10.2	18.4	-3.1	-15.9
Jun-12	145.4	28.4	123	9.1	-4.3	13.1	-24.6
Sep-12	63.8	-14.9	51	22.5	15.8	-4	-7.8
Dec-12	181.7	105.9	58.3	12.6	14.6	-1.3	-13.2
Mar-13	145.4	54.4	68	9.7	22.9	0.5	-13.9
Jun-13	0.1	78.6	-52.5	6.4	-3	1.4	-34.5
Sep-13	207.9	83.3	85.4	26.3	21	-0.7	-12.3
Dec-13	241.2	173.3	56.3	20.4	8.7	8.5	-35
Mar-14	133.7	76.5	41.8	9.7	19.4	-1.6	-19.6
Jun-14	117.9	94.9	26.6	7	15.3	3.9	-36.9
Sep-14	158.4	82.5	51.9	29.5	13.1	-0.6	-25.8
Dec-14	261.4	169	59.5	25.5	24.6	1.7	-30.1
Mar-15	260.6	124.9	104.3	13.9	34.9	6.8	-32.2
Jun-15	203	224.8	13.1	6.4	0.1	-4.3	-42.9
Sep-15	122.5	129.8	-19.4	37.2	0.9	-2.2	-27.7
Dec-15	147.6	46.9	70.6	19.6	30.4	-2.5	-23.3
Mar-16	-16.8	9.8	-21.4	12.8	3.6	1.6	-26.1
Jun-16	280.2	137.4	149.6	10.6	16.2	7.1	-43.4
Sep-16	231.7	125.7	82.1	25.3	23.7	2.3	-31
Dec-16	340.4	257.8	51.6	24.9	22.8	0.5	-24.9
Mar-17	230.5	160.2	62.4	9.8	20.8	1.8	-30.3
Jun-17	152.8	169.9	16.2	1.4	4.2	-1	-42
Sep-17	31.2	14.2	-1.3	21.7	11.8	7.3	-26.2
Dec-17	286.6	168	94.7	13.5	26.4	9.8	-32.2
Mar-18	-10.7	17.5	-12.8	10	2.2	0.2	-31
Jun-18	87.2	-25.8	107.4	1.5	21.9	11.8	-31.2
Sep-18	33.7	-50.4	51.8	28.3	18.6	3.5	-18.7
Dec-18	-198.2	-60.2	-109	9.6	-7.3	-9.1	-25.8
Mar-19	62.3	-118.8	144.7	5.6	33.7	13.7	-16.8
Jun-19	307.4	69.1	220.9	4.3	27.8	14.1	-27.6
Sep-19	342.5	226.2	67.3	25.9	17.9	7.8	-0.9
Dec-19	288.5	218.8	61.1	12.9	13.8	3.7	-24.1
Mar-20	-253.1	105.9	-273.2	17.3	-62.6	-22.2	-18.1
Jun-20	224.7	-23.9	165	34.8	31	26.2	-5.8
Sep-20	338.4	230	34.4	66.1	8.4	7.2	-5.7
Dec-20	624.7	384.4	165	28	53.4	15.1	-23.8
Mar-21	515.3	433.2	72.4	15	28.5	-4.2	-29.9
Jun-21	735	576.5	140.8	5.9	34	25.4	-47.2

Change in household wealth

["","Wealth (Net worth)","Land and dwellings","Superannuation","Currency and deposits","Shares and equity","Other financial assets","Liabilities"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[-80.8],[-118.1],[-312.2],[-17],[279],[362.1],[341.5],[218.4],[-116.8],[87.3],[69.3],[-10.7],[-31.4],[-211],[7.2],[102.6],[145.4],[63.8],[181.7],[145.4],[0.1],[207.9],[241.2],[133.7],[117.9],[158.4],[261.4],[260.6],[203],[122.5],[147.6],[-16.8],[280.2],[231.7],[340.4],[230.5],[152.8],[31.2],[286.6],[-10.7],[87.2],[33.7],[-198.2],[62.3],[307.4],[342.5],[288.5],[-253.1],[224.7],[338.4],[624.7],[515.3],[735]],[[-50.5],[-64.3],[-215.4],[16.1],[155.8],[223],[295],[195],[-28.7],[17.3],[22.7],[-15.4],[8.7],[-130.2],[-16.5],[26.6],[28.4],[-14.9],[105.9],[54.4],[78.6],[83.3],[173.3],[76.5],[94.9],[82.5],[169],[124.9],[224.8],[129.8],[46.9],[9.8],[137.4],[125.7],[257.8],[160.2],[169.9],[14.2],[168],[17.5],[-25.8],[-50.4],[-60.2],[-118.8],[69.1],[226.2],[218.8],[105.9],[-23.9],[230],[384.4],[433.2],[576.5]],[[-1.9],[-48],[-92.6],[-18.6],[120.4],[112.1],[46.5],[23.9],[-41.5],[42.7],[48.7],[29],[-1.4],[-71.1],[15.5],[65.1],[123],[51],[58.3],[68],[-52.5],[85.4],[56.3],[41.8],[26.6],[51.9],[59.5],[104.3],[13.1],[-19.4],[70.6],[-21.4],[149.6],[82.1],[51.6],[62.4],[16.2],[-1.3],[94.7],[-12.8],[107.4],[51.8],[-109],[144.7],[220.9],[67.3],[61.1],[-273.2],[165],[34.4],[165],[72.4],[140.8]],[[18.9],[25.1],[36.8],[10.4],[4.2],[14.7],[9.9],[10.5],[7.3],[27.2],[13.6],[8.3],[0.5],[23.6],[15.4],[10.2],[9.1],[22.5],[12.6],[9.7],[6.4],[26.3],[20.4],[9.7],[7],[29.5],[25.5],[13.9],[6.4],[37.2],[19.6],[12.8],[10.6],[25.3],[24.9],[9.8],[1.4],[21.7],[13.5],[10],[1.5],[28.3],[9.6],[5.6],[4.3],[25.9],[12.9],[17.3],[34.8],[66.1],[28],[15],[5.9]],[[-11.1],[-11.2],[-33.6],[-9.2],[17.2],[34.2],[1.5],[2.2],[-23.3],[11.6],[5.2],[1.9],[-8.9],[-15.3],[4.7],[18.4],[-4.3],[15.8],[14.6],[22.9],[-3],[21],[8.7],[19.4],[15.3],[13.1],[24.6],[34.9],[0.1],[0.9],[30.4],[3.6],[16.2],[23.7],[22.8],[20.8],[4.2],[11.8],[26.4],[2.2],[21.9],[18.6],[-7.3],[33.7],[27.8],[17.9],[13.8],[-62.6],[31],[8.4],[53.4],[28.5],[34]],[[-2.9],[-3.2],[0.7],[-6.2],[6.5],[11.9],[1.8],[2.4],[-1.2],[3],[2.1],[-10.9],[-2.8],[-4.3],[0.2],[-3.1],[13.1],[-4],[-1.3],[0.5],[1.4],[-0.7],[8.5],[-1.6],[3.9],[-0.6],[1.7],[6.8],[-4.3],[-2.2],[-2.5],[1.6],[7.1],[2.3],[0.5],[1.8],[-1],[7.3],[9.8],[0.2],[11.8],[3.5],[-9.1],[13.7],[14.1],[7.8],[3.7],[-22.2],[26.2],[7.2],[15.1],[-4.2],[25.4]],[[-35.8],[-18.1],[-12.1],[-12.4],[-27.3],[-36.4],[-19.4],[-20.9],[-32.9],[-17.4],[-27.9],[-26.4],[-28.4],[-13.9],[-14.7],[-15.9],[-24.6],[-7.8],[-13.2],[-13.9],[-34.5],[-12.3],[-35],[-19.6],[-36.9],[-25.8],[-30.1],[-32.2],[-42.9],[-27.7],[-23.3],[-26.1],[-43.4],[-31],[-24.9],[-30.3],[-42],[-26.2],[-32.2],[-31],[-31.2],[-18.7],[-25.8],[-16.8],[-27.6],[-0.9],[-24.1],[-18.1],[-5.8],[-5.7],[-23.8],[-29.9],[-47.2]]]

[]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	37.2	1,677.6	18.5	1,703.8	51.6	1,795.4
Deposits	10.2	697.8	15.8	713.8	37.8	752.7
Shares and equity	18.1	574.4	9.0	583.1	5.2	619.0
Other accounts receivable	9.5	195.6	-2.5	202.6	7.2	214.7
Other assets	-0.6	209.9	-3.7	204.3	1.3	208.9

Liabilities

Private non-financial corporations' selected liabilities, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	12.4	4,465.8	18.6	4,495.7	26.2	4,663.8
Total debt securities	-15.0	293.8	3.7	294.0	-1.9	297.2
Loans	-10.5	913.7	9.1	920.9	4.4	922.9
	Authorised deposit taking institutions	0.9	570.7	5.4	576.3	2.7	580.0
	Rest of world	-11.2	254.7	2.1	254.7	0.2	251.6
Shares and equity	34.2	3,027.9	4.7	3,048.8	17.9	3,205.0
	Households	6.4	736.6	2.9	748.6	4.5	769.1
	Rest of world	16.6	1,151.0	-3.5	1,145.2	8.9	1,188.2
Other liabilities	3.8	230.5	1.1	231.9	5.9	238.6

Private non-financial corporations increased their liabilities by $26.2b, driven by:

$17.9b raising of equity, and
$4.4b borrowing of loans, partly offset by
$1.9b maturity of debt securities

Private non-financial corporations' demand for credit
	Total liabilities ($b)	Debt securities ($b)	Loans ($b)	Equities ($b)
Jun-08	28.2	8.8	5.5	5.9
Sep-08	70.1	2.2	31.6	26.2
Dec-08	45.8	6.9	15.3	21.0
Mar-09	7.6	12.6	-21.6	25.3
Jun-09	-12.0	7.1	-29.8	27.6
Sep-09	30.6	1.6	-11.2	30.1
Dec-09	6.8	1.8	-7.2	11.3
Mar-10	0.1	0.8	-9.8	8.1
Jun-10	8.7	-1.3	-7.5	12.7
Sep-10	21.5	8.5	-5.7	15.6
Dec-10	21.9	-4.7	-10.3	35.1
Mar-11	6.5	3.3	6.1	0.0
Jun-11	0.7	0.6	-6.5	9.6
Sep-11	30.5	6.9	16.4	5.8
Dec-11	6.2	7.2	-1.1	-5.9
Mar-12	28.1	10.2	6.9	12.9
Jun-12	20.5	-1.2	13.3	3.9
Sep-12	20.0	6.8	-2.7	13.9
Dec-12	18.1	6.0	1.3	11.7
Mar-13	24.2	3.7	11.4	12.6
Jun-13	36.2	-1.9	17.4	23.5
Sep-13	23.3	8.9	0.7	13.6
Dec-13	43.1	1.0	16.0	23.8
Mar-14	11.5	-3.8	3.9	12.7
Jun-14	28.2	-5.3	19.5	21.0
Sep-14	40.3	6.1	8.8	19.0
Dec-14	31.6	-7.3	8.6	31.3
Mar-15	45.2	5.0	25.3	17.9
Jun-15	36.7	10.6	-1.2	26.5
Sep-15	47.5	-7.0	29.5	19.4
Dec-15	37.4	7.3	12.6	18.8
Mar-16	35.2	4.4	16.4	13.9
Jun-16	12.0	-8.8	2.3	16.7
Sep-16	31.6	-7.4	11.5	23.1
Dec-16	62.5	1.3	12.7	45.8
Mar-17	18.4	-10.2	3.6	16.5
Jun-17	47.3	6.8	5.0	30.5
Sep-17	48.3	-3.8	9.7	33.5
Dec-17	30.5	-6.4	8.2	31.0
Mar-18	47.7	3.7	16.0	23.7
Jun-18	14.8	8.1	-14.5	21.2
Sep-18	80.4	-0.8	31.1	45.7
Dec-18	7.9	-4.4	6.3	5.9
Mar-19	46.0	-4.1	28.7	22.6
Jun-19	42.9	3.8	2.5	29.1
Sep-19	25.8	-2.0	8.4	12.6
Dec-19	18.4	-1.8	2.0	22.7
Mar-20	59.3	-5.8	48.7	11.8
Jun-20	-4.8	-1.3	-32.0	32.2
Sep-20	13.6	-8.6	-6.9	22.8
Dec-20	12.4	-15.0	-10.5	34.2
Mar-21	18.6	3.7	9.1	4.7
Jun-21	26.2	-1.9	4.4	17.9

Private non-financial corporations' demand for credit

["","Total liabilities","Debt securities","Loans","Equities"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[28.2],[70.1],[45.8],[7.6],[-12],[30.6],[6.8],[0.1],[8.7],[21.5],[21.9],[6.5],[0.7],[30.5],[6.2],[28.1],[20.5],[20],[18.1],[24.2],[36.2],[23.3],[43.1],[11.5],[28.2],[40.3],[31.6],[45.2],[36.7],[47.5],[37.4],[35.2],[12],[31.6],[62.5],[18.4],[47.3],[48.3],[30.5],[47.7],[14.8],[80.4],[7.9],[46],[42.9],[25.8],[18.4],[59.3],[-4.8],[13.6],[12.4],[18.6],[26.2]],[[8.8],[2.2],[6.9],[12.6],[7.1],[1.6],[1.8],[0.8],[-1.3],[8.5],[-4.7],[3.3],[0.6],[6.9],[7.2],[10.2],[-1.2],[6.8],[6],[3.7],[-1.9],[8.9],[1],[-3.8],[-5.3],[6.1],[-7.3],[5],[10.6],[-7],[7.3],[4.4],[-8.8],[-7.4],[1.3],[-10.2],[6.8],[-3.8],[-6.4],[3.7],[8.1],[-0.8],[-4.4],[-4.1],[3.8],[-2],[-1.8],[-5.8],[-1.3],[-8.6],[-15],[3.7],[-1.9]],[[5.5],[31.6],[15.3],[-21.6],[-29.8],[-11.2],[-7.2],[-9.8],[-7.5],[-5.7],[-10.3],[6.1],[-6.5],[16.4],[-1.1],[6.9],[13.3],[-2.7],[1.3],[11.4],[17.4],[0.7],[16],[3.9],[19.5],[8.8],[8.6],[25.3],[-1.2],[29.5],[12.6],[16.4],[2.3],[11.5],[12.7],[3.6],[5],[9.7],[8.2],[16],[-14.5],[31.1],[6.3],[28.7],[2.5],[8.4],[2],[48.7],[-32],[-6.9],[-10.5],[9.1],[4.4]],[[5.9],[26.2],[21],[25.3],[27.6],[30.1],[11.3],[8.1],[12.7],[15.6],[35.1],[0],[9.6],[5.8],[-5.9],[12.9],[3.9],[13.9],[11.7],[12.6],[23.5],[13.6],[23.8],[12.7],[21],[19],[31.3],[17.9],[26.5],[19.4],[18.8],[13.9],[16.7],[23.1],[45.8],[16.5],[30.5],[33.5],[31],[23.7],[21.2],[45.7],[5.9],[22.6],[29.1],[12.6],[22.7],[11.8],[32.2],[22.8],[34.2],[4.7],[17.9]]]

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Private non-financial corporations favoured equity raising over debt issuance, with increased investor demand for higher return assets such as equity, reflected by the strong performance of the domestic stock market. This resulted in:

debt to equity ratio (adjusted for price changes) remaining low at 0.66

The debt to equity ratio is at its lowest level since March 2005, as businesses have deleveraged to strengthen their balance sheet positions. Profitable business conditions in the first half of 2021 allowed businesses to continue to build substantial liquidity buffers, limiting their borrowing needs.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, June 2001 base	Debt to equity ratio
Jun-01	0.62	0.62
Sep-01	0.62	0.66
Dec-01	0.59	0.58
Mar-02	0.58	0.57
Jun-02	0.58	0.60
Sep-02	0.59	0.62
Dec-02	0.59	0.59
Mar-03	0.59	0.59
Jun-03	0.58	0.57
Sep-03	0.58	0.54
Dec-03	0.58	0.52
Mar-04	0.57	0.50
Jun-04	0.58	0.50
Sep-04	0.59	0.49
Dec-04	0.62	0.48
Mar-05	0.62	0.48
Jun-05	0.70	0.52
Sep-05	0.72	0.50
Dec-05	0.74	0.51
Mar-06	0.75	0.50
Jun-06	0.77	0.52
Sep-06	0.78	0.53
Dec-06	0.81	0.51
Mar-07	0.83	0.50
Jun-07	0.83	0.49
Sep-07	0.88	0.52
Dec-07	0.91	0.54
Mar-08	0.92	0.60
Jun-08	0.94	0.60
Sep-08	0.96	0.69
Dec-08	0.96	0.81
Mar-09	0.92	0.79
Jun-09	0.86	0.70
Sep-09	0.84	0.63
Dec-09	0.83	0.60
Mar-10	0.81	0.60
Jun-10	0.80	0.64
Sep-10	0.79	0.60
Dec-10	0.76	0.55
Mar-11	0.76	0.55
Jun-11	0.75	0.56
Sep-11	0.77	0.63
Dec-11	0.78	0.64
Mar-12	0.79	0.61
Jun-12	0.80	0.65
Sep-12	0.79	0.64
Dec-12	0.79	0.62
Mar-13	0.79	0.61
Jun-13	0.79	0.65
Sep-13	0.79	0.62
Dec-13	0.79	0.63
Mar-14	0.78	0.62
Jun-14	0.77	0.61
Sep-14	0.78	0.63
Dec-14	0.76	0.63
Mar-15	0.77	0.62
Jun-15	0.76	0.63
Sep-15	0.77	0.67
Dec-15	0.77	0.65
Mar-16	0.78	0.65
Jun-16	0.77	0.62
Sep-16	0.76	0.60
Dec-16	0.75	0.59
Mar-17	0.74	0.57
Jun-17	0.74	0.57
Sep-17	0.74	0.57
Dec-17	0.72	0.54
Mar-18	0.73	0.55
Jun-18	0.71	0.52
Sep-18	0.71	0.52
Dec-18	0.71	0.55
Mar-19	0.72	0.52
Jun-19	0.71	0.51
Sep-19	0.72	0.51
Dec-19	0.70	0.50
Mar-20	0.73	0.61
Jun-20	0.69	0.53
Sep-20	0.68	0.52
Dec-20	0.66	0.48
Mar-21	0.66	0.48
Jun-21	0.66	0.46

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0June 2001 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[0.615],[0.619],[0.589],[0.577],[0.58],[0.586],[0.592],[0.586],[0.584],[0.577],[0.575],[0.571],[0.582],[0.587],[0.62],[0.623],[0.704],[0.718],[0.736],[0.751],[0.765],[0.777],[0.81],[0.83],[0.83],[0.875],[0.909],[0.921],[0.938],[0.958],[0.962],[0.922],[0.861],[0.837],[0.825],[0.811],[0.799],[0.793],[0.758],[0.763],[0.75],[0.767],[0.781],[0.785],[0.796],[0.792],[0.79],[0.791],[0.787],[0.786],[0.786],[0.778],[0.771],[0.776],[0.759],[0.768],[0.761],[0.77],[0.773],[0.78],[0.769],[0.763],[0.751],[0.744],[0.741],[0.735],[0.721],[0.725],[0.712],[0.713],[0.712],[0.716],[0.712],[0.715],[0.704],[0.725],[0.693],[0.68],[0.657],[0.662],[0.661]],[[0.615],[0.66],[0.584],[0.566],[0.6],[0.615],[0.592],[0.591],[0.572],[0.538],[0.517],[0.501],[0.495],[0.485],[0.484],[0.476],[0.521],[0.503],[0.506],[0.499],[0.516],[0.525],[0.509],[0.504],[0.494],[0.515],[0.541],[0.596],[0.596],[0.686],[0.807],[0.793],[0.696],[0.63],[0.603],[0.599],[0.636],[0.599],[0.554],[0.553],[0.562],[0.63],[0.636],[0.612],[0.654],[0.638],[0.616],[0.61],[0.646],[0.622],[0.629],[0.621],[0.613],[0.628],[0.626],[0.621],[0.631],[0.666],[0.648],[0.645],[0.621],[0.596],[0.589],[0.569],[0.572],[0.567],[0.536],[0.548],[0.521],[0.522],[0.548],[0.521],[0.511],[0.514],[0.497],[0.605],[0.529],[0.516],[0.475],[0.475],[0.455]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Mar-21	Transactions, Jun-21	Other changes, Jun-21	Amounts outstanding, Jun-21
Central bank	429.7	159.5	4.1	593.2
Authorised deposit taking institutions	4,230.8	19.6	14.9	4,265.3
Other broad money institutions	175.2	4.9	0.7	180.8
Pension funds	2,647.5	30.1	133.5	2,811.0
Life insurance corporations	179.8	1.1	6.9	187.8
Non-life insurance corporations	255.7	-0.3	6.2	261.6
Money market investment funds	37.0	-2.4	0.0	34.6
Non-money market investment funds	1,097.4	17.7	34.3	1,149.4
Central borrowing authorities	513.2	11.5	2.6	527.3
Securitisers	673.2	16.5	0.1	689.8
Other financial corporations	98.1	0.2	3.2	101.5

Financial corporations' liabilities, $b
	Amounts outstanding, Mar-21	Transactions, Jun-21	Other changes, Jun-21	Amounts outstanding, Jun-21
Central bank	431.2	163.4	2.4	596.9
Authorised deposit taking institutions	4,420.7	13.5	54.5	4,488.7
Other broad money institutions	166.2	1.5	8.6	176.2
Pension funds	2,861.8	32.6	140.0	3,034.3
Life insurance corporations	176.3	2.1	5.6	184.0
Non-life insurance corporations	258.6	8.8	5.2	272.6
Money market investment funds	37.0	-2.6	0.3	34.6
Non-money market investment funds	1,239.0	13.4	57.0	1,309.4
Central borrowing authorities	488.9	8.1	2.1	499.0
Securitisers	689.1	18.1	0.1	707.3
Other financial corporations	194.0	1.8	6.2	202.0

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit taking institutions' selected financial assets, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	-25.5	4,275.8	-0.4	4,230.8	19.6	4,265.3
Deposits	49.9	181.5	98.7	280.1	132.8	413.1
Bonds	-78.1	926.7	-79.5	830.3	-136.6	694.4
	Securitisers	-35.1	451.9	-43.9	409.9	-92.3	315.7
	National general government	-43.1	179.3	-34.3	138.8	-30.7	110.5
Loans	33.8	2,509.4	59.0	2,566.8	23.7	2,592.8
Other assets	-31.1	658.3	-78.6	553.5	-0.3	565.0

Liabilities

Authorised deposit taking institutions' selected liabilities, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	-21.9	4,415.3	-20.3	4,420.7	13.5	4,488.7
Deposits	1.4	2,608.2	49.7	2,659.1	41.9	2,704.2
	Other private non-fin corps	7.4	654.8	15.3	670.3	27.7	698.9
	Pension funds	-14.1	235.7	-1.8	233.9	5.5	239.6
	Households	28.0	1,254.4	15.6	1,270.0	5.4	1,275.5
Bonds	1.8	476.0	-19.7	447.2	-0.7	452.5
Shares and equities	2.1	523.8	2.2	584.2	0.3	616.8
Other liabilities	-27.3	807.2	-52.5	730.1	-28.0	715.3

ADIs undertook repurchase agreements (repos) with the RBA and sold bonds in return for deposit assets as part of the RBA's Term Funding Facility and Bond Purchase Program. This resulted in a:

$92.3b of repos of bonds issued by securitisers
$30.7b sell off of bonds issued by national general government
$11.0b sell off and repos of bonds issued by central borrowing authorities
$132.6b acquisition in deposits accepted by the central bank

Change in authorised deposit taking institutions' assets
	Total assets	Deposits	Short-term debt	Bonds	Derivatives	Loans	Other accounts
Jun-08	67.6	-2.8	-1	43.4	1.1	19.9	9.3
Sep-08	32.1	9.5	1.2	-17.3	-2.9	41.1	-4.5
Dec-08	-18.2	10.3	-5.9	24.7	-6.1	-52	3.9
Mar-09	8.6	-17.3	-0.6	36.3	-24.5	26	-11.8
Jun-09	47.8	12.4	7.6	29.8	-11.8	21.4	-10.6
Sep-09	4.8	-18.1	-3.3	3.5	-14.9	28	5.7
Dec-09	17.4	-2.9	-1.3	9.2	-13.9	32.9	-4.9
Mar-10	15.4	2.2	-8.3	5	-11.2	31.4	-0.5
Jun-10	29.3	2.6	-8.4	2.4	-1.7	33.2	1.6
Sep-10	18.7	-3.5	1.8	4.6	-5.1	16.2	-1.9
Dec-10	12.3	9.4	-3.6	4.2	-19.1	17.3	0.3
Mar-11	40.7	6.1	-3.1	5.5	-15.7	52.9	0.5
Jun-11	28.3	-2.9	-1	12.8	-12.2	31.6	0.3
Sep-11	55	5.4	0.2	22	-2.5	29.1	1.4
Dec-11	-7.8	-17.7	-4.6	-10.7	-0.9	24.5	-2.6
Mar-12	21.1	-5.3	5.4	28.2	-10.2	-0.7	2.8
Jun-12	21	-6.5	0.9	-6.1	-2.3	34.1	-0.6
Sep-12	3.6	2.1	-0.6	39.5	-15.9	-24.6	2.2
Dec-12	18.6	-5.7	-0.4	6.9	-10.7	25.7	-2.4
Mar-13	21.2	1.1	-8.3	12.5	-12	27.4	1
Jun-13	41.4	-4	-9.6	33.9	0.4	19.6	2.1
Sep-13	1.3	-2.2	0.4	22.7	-42	23.3	-2.9
Dec-13	48.5	17.9	-7.7	-3.2	-5.5	33.7	5.1
Mar-14	9.8	-0.1	-9.4	25	-32.6	27.9	1.3
Jun-14	36.9	0.8	5.4	7.8	-25.2	46.7	1.3
Sep-14	35.5	1.7	-3.7	42.2	-9.1	6	0.1
Dec-14	36.8	-3.5	3.3	30.8	-2.9	8.5	-1.5
Mar-15	62.1	-1.2	0.5	21.3	-18.7	54.5	2.3
Jun-15	18.3	-3.2	-6.6	5.4	-53.8	72.2	2.7
Sep-15	54.3	3.2	1.6	16.8	-7.9	39.3	1.5
Dec-15	15.5	3.6	-2.7	15.8	-40.8	35.2	-1.6
Mar-16	4	-0.1	4.1	-1.1	-21.6	19.4	2.1
Jun-16	4.6	-0.3	-13.9	20.6	-38	34.3	3
Sep-16	-23.5	-0.5	-6.7	9.2	-54.1	31.1	-0.7
Dec-16	42.1	0.8	1.5	10.2	-27.1	62.9	-3.7
Mar-17	-15.7	3.5	-4.8	8.1	-36.9	14.2	2.5
Jun-17	44.3	0.5	-3.9	-34.7	-12	90.2	5.2
Sep-17	-25.3	-1.9	0.3	-20.1	-27.1	23.6	-2.3
Dec-17	-7.6	-1.8	-6.5	14.4	-13.7	2.7	-5.8
Mar-18	42.6	10.7	2.7	2.5	-19.6	47.2	4.3
Jun-18	3.5	-0.9	0.3	-7.8	-22.4	33.9	-1.8
Sep-18	-29	2.5	-13.9	-1.4	-36.4	19.8	0.4
Dec-18	18.8	-0.8	5.3	2.9	-12.5	19.4	1.4
Mar-19	-16.6	0.5	-1.9	0	-21.5	-0.2	4.9
Jun-19	-16.9	1.5	-5.3	7.4	-18.2	0	-0.2
Sep-19	-3.4	2.8	-3.9	4.7	-25.2	21.6	-0.7
Dec-19	-21.2	2.9	4	-7.3	-47.2	24.8	-1.9
Mar-20	207.2	76.3	9.5	210.9	-12	-87.5	11.8
Jun-20	-115.8	-22.6	8.9	130.2	-111.7	-118.3	4.3
Sep-20	-62.4	-20.2	-17	-31.9	-49.1	29.8	20.2
Dec-20	-25.5	49.9	1.4	-78.1	-28.4	33.8	-7.1
Mar-21	-0.4	98.7	-11.4	-79.5	-63.9	59	6.6
Jun-21	19.6	132.8	1.4	-136.6	-23.8	23.7	17.6

Change in authorised deposit taking institutions' assets

["","Total assets","Deposits","Short-term debt","Bonds","Derivatives","Loans","Other accounts"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[67.6],[32.1],[-18.2],[8.6],[47.8],[4.8],[17.4],[15.4],[29.3],[18.7],[12.3],[40.7],[28.3],[55],[-7.8],[21.1],[21],[3.6],[18.6],[21.2],[41.4],[1.3],[48.5],[9.8],[36.9],[35.5],[36.8],[62.1],[18.3],[54.3],[15.5],[4],[4.6],[-23.5],[42.1],[-15.7],[44.3],[-25.3],[-7.6],[42.6],[3.5],[-29],[18.8],[-16.6],[-16.9],[-3.4],[-21.2],[207.2],[-115.8],[-62.4],[-25.5],[-0.4],[19.6]],[[-2.8],[9.5],[10.3],[-17.3],[12.4],[-18.1],[-2.9],[2.2],[2.6],[-3.5],[9.4],[6.1],[-2.9],[5.4],[-17.7],[-5.3],[-6.5],[2.1],[-5.7],[1.1],[-4],[-2.2],[17.9],[-0.1],[0.8],[1.7],[-3.5],[-1.2],[-3.2],[3.2],[3.6],[-0.1],[-0.3],[-0.5],[0.8],[3.5],[0.5],[-1.9],[-1.8],[10.7],[-0.9],[2.5],[-0.8],[0.5],[1.5],[2.8],[2.9],[76.3],[-22.6],[-20.2],[49.9],[98.7],[132.8]],[[-1],[1.2],[-5.9],[-0.6],[7.6],[-3.3],[-1.3],[-8.3],[-8.4],[1.8],[-3.6],[-3.1],[-1],[0.2],[-4.6],[5.4],[0.9],[-0.6],[-0.4],[-8.3],[-9.6],[0.4],[-7.7],[-9.4],[5.4],[-3.7],[3.3],[0.5],[-6.6],[1.6],[-2.7],[4.1],[-13.9],[-6.7],[1.5],[-4.8],[-3.9],[0.3],[-6.5],[2.7],[0.3],[-13.9],[5.3],[-1.9],[-5.3],[-3.9],[4],[9.5],[8.9],[-17],[1.4],[-11.4],[1.4]],[[43.4],[-17.3],[24.7],[36.3],[29.8],[3.5],[9.2],[5],[2.4],[4.6],[4.2],[5.5],[12.8],[22],[-10.7],[28.2],[-6.1],[39.5],[6.9],[12.5],[33.9],[22.7],[-3.2],[25],[7.8],[42.2],[30.8],[21.3],[5.4],[16.8],[15.8],[-1.1],[20.6],[9.2],[10.2],[8.1],[-34.7],[-20.1],[14.4],[2.5],[-7.8],[-1.4],[2.9],[0],[7.4],[4.7],[-7.3],[210.9],[130.2],[-31.9],[-78.1],[-79.5],[-136.6]],[[1.1],[-2.9],[-6.1],[-24.5],[-11.8],[-14.9],[-13.9],[-11.2],[-1.7],[-5.1],[-19.1],[-15.7],[-12.2],[-2.5],[-0.9],[-10.2],[-2.3],[-15.9],[-10.7],[-12],[0.4],[-42],[-5.5],[-32.6],[-25.2],[-9.1],[-2.9],[-18.7],[-53.8],[-7.9],[-40.8],[-21.6],[-38],[-54.1],[-27.1],[-36.9],[-12],[-27.1],[-13.7],[-19.6],[-22.4],[-36.4],[-12.5],[-21.5],[-18.2],[-25.2],[-47.2],[-12],[-111.7],[-49.1],[-28.4],[-63.9],[-23.8]],[[19.9],[41.1],[-52],[26],[21.4],[28],[32.9],[31.4],[33.2],[16.2],[17.3],[52.9],[31.6],[29.1],[24.5],[-0.7],[34.1],[-24.6],[25.7],[27.4],[19.6],[23.3],[33.7],[27.9],[46.7],[6],[8.5],[54.5],[72.2],[39.3],[35.2],[19.4],[34.3],[31.1],[62.9],[14.2],[90.2],[23.6],[2.7],[47.2],[33.9],[19.8],[19.4],[-0.2],[0],[21.6],[24.8],[-87.5],[-118.3],[29.8],[33.8],[59],[23.7]],[[9.3],[-4.5],[3.9],[-11.8],[-10.6],[5.7],[-4.9],[-0.5],[1.6],[-1.9],[0.3],[0.5],[0.3],[1.4],[-2.6],[2.8],[-0.6],[2.2],[-2.4],[1],[2.1],[-2.9],[5.1],[1.3],[1.3],[0.1],[-1.5],[2.3],[2.7],[1.5],[-1.6],[2.1],[3],[-0.7],[-3.7],[2.5],[5.2],[-2.3],[-5.8],[4.3],[-1.8],[0.4],[1.4],[4.9],[-0.2],[-0.7],[-1.9],[11.8],[4.3],[20.2],[-7.1],[6.6],[17.6]]]

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ADI’s share of funding from equities continued to increase after another strong quarter in the domestic share market.
In the June quarter, ADIs' funding compared to the previous quarter comprised of:

14.5% from shares and other equity, an increase from 13.8%
63.4% from deposits, an increase from 62.9%
10.6% from bonds, unchanged compared to the previous quarter
6.9% from short term debt securities, unchanged compared to the previous quarter

ADIs' funding from deposits rose $41.9b with a:

$29.5 increase from private non-financial corporations
$5.5b increase from pension funds
$5.4b increase from households

Authorised deposit taking institutions' sources of funding
	Deposits (%)	Short-term debt securities (%)	Bonds (%)	Equities (%)
Jun-08	48.1	17.6	14.9	13.5
Sep-08	49.9	17.2	15.7	13.2
Dec-08	52.3	12.7	17.6	11.3
Mar-09	53.6	11.2	18.1	11.9
Jun-09	52.9	12.0	17.1	12.9
Sep-09	52.7	11.0	16.7	16.9
Dec-09	52.8	10.8	18.4	16.7
Mar-10	53.0	10.6	18.3	17.3
Jun-10	53.6	10.5	18.5	14.7
Sep-10	55.0	9.2	17.8	15.6
Dec-10	55.9	9.6	16.9	15.3
Mar-11	56.4	9.7	16.4	15.3
Jun-11	56.7	9.3	16.0	14.5
Sep-11	56.9	9.3	16.3	12.7
Dec-11	57.2	9.5	15.5	13.3
Mar-12	57.0	9.7	15.6	14.0
Jun-12	57.6	9.2	15.1	13.4
Sep-12	58.6	8.3	15.1	14.4
Dec-12	59.3	8.6	14.4	15.0
Mar-13	58.8	8.8	13.9	16.7
Jun-13	57.6	9.6	14.0	16.1
Sep-13	59.0	8.9	14.1	17.1
Dec-13	58.7	8.7	14.2	17.4
Mar-14	58.7	9.1	13.9	17.7
Jun-14	58.6	9.5	13.7	17.3
Sep-14	58.0	9.1	13.8	16.1
Dec-14	57.1	9.4	13.9	16.5
Mar-15	55.8	9.3	13.6	17.7
Jun-15	56.2	9.6	13.9	16.3
Sep-15	55.8	9.1	14.2	14.5
Dec-15	56.8	9.4	14.3	16.0
Mar-16	56.1	8.7	14.1	14.1
Jun-16	56.5	8.5	14.2	13.8
Sep-16	57.6	8.2	13.8	14.3
Dec-16	58.4	8.4	13.4	15.4
Mar-17	59.0	8.5	13.1	16.3
Jun-17	59.1	8.9	13.0	15.0
Sep-17	59.4	9.2	13.1	15.2
Dec-17	60.0	8.8	13.2	15.2
Mar-18	59.1	8.9	13.6	14.1
Jun-18	58.9	9.0	13.7	14.3
Sep-18	59.8	8.2	14.1	14.2
Dec-18	59.1	8.7	14.0	13.2
Mar-19	58.9	8.6	13.8	13.4
Jun-19	58.3	7.8	13.7	14.2
Sep-19	58.1	7.4	13.5	14.2
Dec-19	58.7	8.1	13.0	13.4
Mar-20	56.3	7.0	12.7	9.2
Jun-20	58.9	6.7	12.0	10.6
Sep-20	61.4	6.1	11.5	10.3
Dec-20	61.0	6.4	11.1	12.3
Mar-21	62.9	6.9	10.6	13.8
Jun-21	63.4	6.9	10.6	14.5

Authorised deposit taking institutions' sources of funding

["","Deposits","Short-term debt securities","Bonds","Equities"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[48.1],[49.9],[52.3],[53.6],[52.9],[52.7],[52.8],[53],[53.6],[55],[55.9],[56.4],[56.7],[56.9],[57.2],[57],[57.6],[58.6],[59.3],[58.8],[57.6],[59],[58.7],[58.7],[58.6],[58],[57.1],[55.8],[56.2],[55.8],[56.8],[56.1],[56.5],[57.6],[58.4],[59],[59.1],[59.4],[60],[59.1],[58.9],[59.8],[59.1],[58.9],[58.3],[58.1],[58.7],[56.3],[58.9],[61.4],[61],[62.9],[63.4]],[[17.6],[17.2],[12.7],[11.2],[12],[11],[10.8],[10.6],[10.5],[9.2],[9.6],[9.7],[9.3],[9.3],[9.5],[9.7],[9.2],[8.3],[8.6],[8.8],[9.6],[8.9],[8.7],[9.1],[9.5],[9.1],[9.4],[9.3],[9.6],[9.1],[9.4],[8.7],[8.5],[8.2],[8.4],[8.5],[8.9],[9.2],[8.8],[8.9],[9],[8.2],[8.7],[8.6],[7.8],[7.4],[8.1],[7],[6.7],[6.1],[6.4],[6.9],[6.9]],[[14.9],[15.7],[17.6],[18.1],[17.1],[16.7],[18.4],[18.3],[18.5],[17.8],[16.9],[16.4],[16],[16.3],[15.5],[15.6],[15.1],[15.1],[14.4],[13.9],[14],[14.1],[14.2],[13.9],[13.7],[13.8],[13.9],[13.6],[13.9],[14.2],[14.3],[14.1],[14.2],[13.8],[13.4],[13.1],[13],[13.1],[13.2],[13.6],[13.7],[14.1],[14],[13.8],[13.7],[13.5],[13],[12.7],[12],[11.5],[11.1],[10.6],[10.6]],[[13.5],[13.2],[11.3],[11.9],[12.9],[16.9],[16.7],[17.3],[14.7],[15.6],[15.3],[15.3],[14.5],[12.7],[13.3],[14],[13.4],[14.4],[15],[16.7],[16.1],[17.1],[17.4],[17.7],[17.3],[16.1],[16.5],[17.7],[16.3],[14.5],[16],[14.1],[13.8],[14.3],[15.4],[16.3],[15],[15.2],[15.2],[14.1],[14.3],[14.2],[13.2],[13.4],[14.2],[14.2],[13.4],[9.2],[10.6],[10.3],[12.3],[13.8],[14.5]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	18.0	2,574.8	20.6	2,647.5	30.1	2,811.0
Deposits	-15.5	246.3	-1.3	245.0	6.8	252.1
Bonds	6.0	122.4	2.8	119.6	-0.5	119.7
Shares and equity	27.5	2,065.8	22.4	2,148.5	19.3	2,299.6
	Other private non-fin corps	1.6	360.5	0.6	366.5	-0.7	396.4
	Non-money market investment funds	14.2	884.9	8.1	916.0	4.0	964.4
	Rest of world	15.3	401.1	12.0	432.5	13.5	474.1
Net equity in life offices	-1.0	17.8	-0.2	17.7	-0.7	17.8
Other assets	-17.9	122.6	-20.9	116.6	-13.3	121.8

Liabilities

Pension (superannuation) funds' selected liabilities, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	18.5	2,782.1	19.4	2,861.8	32.6	3,034.3
Net equity in reserves	20.2	2,736.1	19.5	2,814.6	29.6	2,978.0
	Households	20.0	2,732.8	19.3	2,810.9	29.4	2,974.0
Other liabilities	-1.7	46.0	-0.1	47.2	3.0	56.3

Total financial assets of pension (superannuation) funds increased 6.2%($163.5b), with:

$151.1b increase in shares and other equity
$7.1b increase in deposits

Positive conditions in the domestic and overseas share markets drove valuation gains of $131.8b. Pension funds invested an additional $19.3b in shares and other equity, particularly in rest of world. Deposit levels increased for the first time since June quarter 2020.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Jun-08	1,083.6	-21.2	13.8
Sep-08	1,042.7	-58.9	17.9
Dec-08	943.3	-105.4	5.9
Mar-09	919.1	-29.3	5.2
Jun-09	991.4	37.1	35.2
Sep-09	1,099.9	90.9	17.6
Dec-09	1,139.1	25.4	13.8
Mar-10	1,165	8.4	17.5
Jun-10	1,103.9	-77.2	16.1
Sep-10	1,146.3	33.2	9.1
Dec-10	1,190.9	29.3	15.4
Mar-11	1,218.2	10.1	17.1
Jun-11	1,209	-34.8	25.7
Sep-11	1,136.8	-83.4	11.1
Dec-11	1,146.6	-3.3	13.1
Mar-12	1,207.1	41.8	18.7
Jun-12	1,202.4	-37.7	33.1
Sep-12	1,247.2	30.7	14.1
Dec-12	1,298.2	34.2	16.7
Mar-13	1,361.1	43.8	19.1
Jun-13	1,378.8	-20.6	38.2
Sep-13	1,454.8	62.6	13.5
Dec-13	1,508.4	29.2	24.4
Mar-14	1,545.7	16.7	20.5
Jun-14	1,576.8	-1.0	32.2
Sep-14	1,611.7	10.9	24.0
Dec-14	1,665.9	32.2	22.0
Mar-15	1,762.5	79.8	16.8
Jun-15	1,745.7	-50.3	33.6
Sep-15	1,719.4	-45.6	19.3
Dec-15	1,776.9	41.4	16.1
Mar-16	1,750.8	-33.7	7.6
Jun-16	1,823.5	42.6	30.1
Sep-16	1,897.2	61.5	12.2
Dec-16	1,949.8	33.1	19.6
Mar-17	2,003.4	35.1	18.5
Jun-17	2,053	9.9	39.7
Sep-17	2,066.4	3.0	10.5
Dec-17	2,159.4	71.8	21.2
Mar-18	2,146.8	-28.1	15.6
Jun-18	2,220.6	49.8	24.0
Sep-18	2,269.7	37.7	11.4
Dec-18	2,156.8	-128.2	15.3
Mar-19	2,291.5	120.2	14.4
Jun-19	2,394.2	74.2	28.5
Sep-19	2,455.2	46.0	15.0
Dec-19	2,504.6	26.9	22.5
Mar-20	2,247.6	-271.5	14.5
Jun-20	2,384.2	124.4	12.3
Sep-20	2,418.2	27.8	6.2
Dec-20	2,574.8	138.6	18.0
Mar-21	2,647.5	52.1	20.6
Jun-21	2,811	133.5	30.1

Pension funds' financial assets

["","Total assets (RHS)","Revaluations (LHS)","Transactions (LHS)"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[1083.6],[1042.7],[943.3],[919.1],[991.4],[1099.9],[1139.1],[1165],[1103.9],[1146.3],[1190.9],[1218.2],[1209],[1136.8],[1146.6],[1207.1],[1202.4],[1247.2],[1298.2],[1361.1],[1378.8],[1454.8],[1508.4],[1545.7],[1576.8],[1611.7],[1665.9],[1762.5],[1745.7],[1719.4],[1776.9],[1750.8],[1823.5],[1897.2],[1949.8],[2003.4],[2053],[2066.4],[2159.4],[2146.8],[2220.6],[2269.7],[2156.8],[2291.5],[2394.2],[2455.2],[2504.6],[2247.6],[2384.2],[2418.2],[2574.8],[2647.5],[2811]],[[-21.2],[-58.9],[-105.4],[-29.3],[37.1],[90.9],[25.4],[8.4],[-77.2],[33.2],[29.3],[10.1],[-34.8],[-83.4],[-3.3],[41.8],[-37.7],[30.7],[34.2],[43.8],[-20.6],[62.6],[29.2],[16.7],[-1],[10.9],[32.2],[79.8],[-50.3],[-45.6],[41.4],[-33.7],[42.6],[61.5],[33.1],[35.1],[9.9],[3],[71.8],[-28.1],[49.8],[37.7],[-128.2],[120.2],[74.2],[46],[26.9],[-271.5],[124.4],[27.8],[138.6],[52.1],[133.5]],[[13.8],[17.9],[5.9],[5.2],[35.2],[17.6],[13.8],[17.5],[16.1],[9.1],[15.4],[17.1],[25.7],[11.1],[13.1],[18.7],[33.1],[14.1],[16.7],[19.1],[38.2],[13.5],[24.4],[20.5],[32.2],[24],[22],[16.8],[33.6],[19.3],[16.1],[7.6],[30.1],[12.2],[19.6],[18.5],[39.7],[10.5],[21.2],[15.6],[24],[11.4],[15.3],[14.4],[28.5],[15],[22.5],[14.5],[12.3],[6.2],[18],[20.6],[30.1]]]

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Government

National general government financial assets

National general government selected financial assets, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	-25.4	637.3	2.2	643.3	1.6	660.6
Deposits	-30.8	100.4	-15.0	85.4	-0.6	84.9
	Central bank	-34.4	74.9	-13.7	61.2	0.4	61.6
	Authorised deposit taking institutions	3.3	19.4	-0.7	18.6	-1.0	17.6
One name paper	3.6	41.6	6.0	47.2	-3.2	44.3
Shares and equity	3.6	176.7	0.8	180.3	5.4	198.8
Other assets	-1.9	318.7	10.3	330.3	0.1	332.5

National general government liabilities

National general government selected liabilities, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	8.0	1,403.3	16.7	1,384.9	11.5	1,389.1
One name paper	-12.5	41.4	-8.1	33.3	-6.0	27.3
Bonds	23.7	868.4	24.1	856.4	6.2	872.3
	Central bank	18.5	113.7	61.5	169.7	36.3	209.6
	Authorised deposit taking institutions	-43.1	179.3	-34.3	138.8	-30.7	110.5
	Rest of world	36.5	453.3	-3.8	429.9	3.2	434.7
Other liabilities	-3.1	493.5	0.7	495.2	11.3	489.4

State and local general government financial assets

State and local general government selected financial assets, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total assets	-0.4	562.5	0.8	572.0	4.8	588.1
Deposits	-1.9	78.5	0.0	78.5	1.1	79.6
Loans and placements	0.0	49.0	2.5	51.6	9.3	60.9
Shares and equity	-0.7	405.9	-0.9	414.1	-8.1	417.1
	State and local PNFCs	0.0	321.2	0.0	327.5	0.0	329.7
	Other private non-fin corps	-0.2	47.1	0.1	47.3	-7.7	47.8
Other assets	2.1	29.1	-0.8	27.9	2.4	30.4

State and local general government liabilities

State and local general government selected liabilities, $b
		Transactions, Dec-20	Amounts outstanding, Dec-20	Transactions, Mar-21	Amounts outstanding, Mar-21	Transactions, Jun-21	Amounts outstanding, Jun-21
Total liabilities	17.1	530.3	-3.1	517.8	6.9	517.1
Loans and placements	19.2	295.2	-4.9	290.3	7.6	297.9
	Central borrowing authorities	18.9	266.7	-0.9	265.8	7.9	273.6
Unfunded superannuation claims	0.9	169.5	0.9	161.2	0.8	154.4
Other liabilities	-2.9	65.7	0.9	66.3	-1.5	64.8

General government

General government (national, and state and local) were net borrowers of $12.0b, driven by:

$7.4b in loan borrowing, and
$7.1b issuance of bonds

Loan liabilities of state and local general government was at record levels, aligned with strong public investment on infrastructure projects observed across most States.
Treasury bond issuance continued to decline with the completion of the Commonwealth government's funding for the 2020-21 financial year. Deposit transactions were subdued as Commonwealth government expenditure stabilised following the conclusion of major COVID-19 related support policies.

General government's change in financial position
	Net lending/borrowing	Deposits	Notes	Bonds	Loans	Other
Jun-08	-0.7	15.4	1.1	1.4	-10.4	-8.1
Sep-08	4	-11.9	-2.9	4.2	18.6	-4
Dec-08	-6.8	-6.2	-10.3	6.2	-5.3	8.8
Mar-09	-1.5	8.4	2.9	-6.9	0.7	-6.5
Jun-09	-18	15.9	-4.8	-10	-1.2	-18
Sep-09	-29.3	-8.4	3.1	-5.5	-12.5	-6
Dec-09	-18.9	-3.2	-10.5	-11.9	-1.1	7.8
Mar-10	-13.7	2.8	-1.8	-10.8	-3.5	-0.5
Jun-10	-11.1	6	-2.3	-16.1	-1.2	2.6
Sep-10	-25.1	-5.8	-8.7	-6.5	-5.5	1.4
Dec-10	-15.1	-2.5	0.2	-11.6	4.9	-6.1
Mar-11	-17.2	2	0.3	-12.5	-4.5	-2.5
Jun-11	-20.1	8	1.2	-10.4	-7.6	-11.2
Sep-11	-30.7	-3.5	-0.3	-21.4	-13.9	8.3
Dec-11	-15	11.3	0.9	-22	-2.1	-3.1
Mar-12	-11.5	3.4	-1.7	-13.9	1.7	-1
Jun-12	-32.5	-7.4	1.4	-4.9	-7.3	-14.3
Sep-12	-26.5	9.3	-3.5	-15.2	-17.4	0.3
Dec-12	-11.4	2.9	-5.3	-10.8	7.5	-5.7
Mar-13	-17.6	0.5	1.8	-13.3	-3.7	-2.8
Jun-13	-11.8	1	14.3	-8.7	3.5	-21.9
Sep-13	-21.5	6	-1.5	-24.7	-12.2	10.9
Dec-13	-9.5	5.6	-0.4	-16.4	1.8	-0.1
Mar-14	-12.2	13.5	8.6	-27.8	-3.3	-3.2
Jun-14	-12.7	-8.4	-3.3	-4.6	-1.2	4.8
Sep-14	-19.1	6.5	-1.7	-18.4	-4.2	-1.3
Dec-14	-14.3	0.4	-1.1	-10.9	-0.4	-2.3
Mar-15	-5.3	12.2	3.5	-16	-1.2	-3.9
Jun-15	-5.1	-5.1	-0.2	-7.2	5.8	1.6
Sep-15	-17	1.9	-1.9	-26.2	-2.7	11.9
Dec-15	-6	-7	5.8	-7.6	8.5	-5.8
Mar-16	-11	9.3	1.7	-22.1	0	0.1
Jun-16	-8.7	1.1	0.5	-4.8	-2.3	-3.1
Sep-16	-22.5	-3.1	3.7	-24	-0.3	1.2
Dec-16	-20	11.5	0.8	-23.7	9.4	-17.9
Mar-17	1.7	7.9	0.5	-20.7	2.3	11.6
Jun-17	-13.1	15.7	6.9	-19.8	0.1	-16.1
Sep-17	-19.4	-24.2	0.5	-0.9	-3	8.2
Dec-17	-4.3	8.6	-5.6	-14.7	1.3	6.1
Mar-18	-0.7	-1	-2.2	-5.1	2.3	5.4
Jun-18	1	5	6.2	-11.3	6.2	-5.2
Sep-18	-15.9	-3.3	-0.4	-2.3	-1.5	-8.3
Dec-18	-7	-18.2	2	-2.3	-4	15.5
Mar-19	0.3	-1.4	1.6	3.7	-2.3	-1.4
Jun-19	-8.5	6.6	0	-10.4	-5.3	0.6
Sep-19	-22.7	0.3	-1.2	-13.7	-9.5	1.5
Dec-19	-11.2	-7.7	-3.8	1	-4	3.3
Mar-20	-17.4	20.9	-16.3	-15.8	-15.1	8.9
Jun-20	-95.2	47.1	-25.8	-71	-27.8	-17.7
Sep-20	-119.2	39.1	0.1	-117.2	-31.9	-9.3
Dec-20	-51	-32.7	16.5	-23	-21.3	9.4
Mar-21	-10.7	-15	14	-22.4	8.9	3.8
Jun-21	-12	0.5	4.6	-5.8	-0.4	-11

General government's change in financial position

["","Net lending\/borrowing","Deposits","Notes","Bonds","Loans","Other"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[-0.7],[4],[-6.8],[-1.5],[-18],[-29.3],[-18.9],[-13.7],[-11.1],[-25.1],[-15.1],[-17.2],[-20.1],[-30.7],[-15],[-11.5],[-32.5],[-26.5],[-11.4],[-17.6],[-11.8],[-21.5],[-9.5],[-12.2],[-12.7],[-19.1],[-14.3],[-5.3],[-5.1],[-17],[-6],[-11],[-8.7],[-22.5],[-20],[1.7],[-13.1],[-19.4],[-4.3],[-0.7],[1],[-15.9],[-7],[0.3],[-8.5],[-22.7],[-11.2],[-17.4],[-95.2],[-119.2],[-51],[-10.7],[-12]],[[15.4],[-11.9],[-6.2],[8.4],[15.9],[-8.4],[-3.2],[2.8],[6],[-5.8],[-2.5],[2],[8],[-3.5],[11.3],[3.4],[-7.4],[9.3],[2.9],[0.5],[1],[6],[5.6],[13.5],[-8.4],[6.5],[0.4],[12.2],[-5.1],[1.9],[-7],[9.3],[1.1],[-3.1],[11.5],[7.9],[15.7],[-24.2],[8.6],[-1],[5],[-3.3],[-18.2],[-1.4],[6.6],[0.3],[-7.7],[20.9],[47.1],[39.1],[-32.7],[-15],[0.5]],[[1.1],[-2.9],[-10.3],[2.9],[-4.8],[3.1],[-10.5],[-1.8],[-2.3],[-8.7],[0.2],[0.3],[1.2],[-0.3],[0.9],[-1.7],[1.4],[-3.5],[-5.3],[1.8],[14.3],[-1.5],[-0.4],[8.6],[-3.3],[-1.7],[-1.1],[3.5],[-0.2],[-1.9],[5.8],[1.7],[0.5],[3.7],[0.8],[0.5],[6.9],[0.5],[-5.6],[-2.2],[6.2],[-0.4],[2],[1.6],[0],[-1.2],[-3.8],[-16.3],[-25.8],[0.1],[16.5],[14],[4.6]],[[1.4],[4.2],[6.2],[-6.9],[-10],[-5.5],[-11.9],[-10.8],[-16.1],[-6.5],[-11.6],[-12.5],[-10.4],[-21.4],[-22],[-13.9],[-4.9],[-15.2],[-10.8],[-13.3],[-8.7],[-24.7],[-16.4],[-27.8],[-4.6],[-18.4],[-10.9],[-16],[-7.2],[-26.2],[-7.6],[-22.1],[-4.8],[-24],[-23.7],[-20.7],[-19.8],[-0.9],[-14.7],[-5.1],[-11.3],[-2.3],[-2.3],[3.7],[-10.4],[-13.7],[1],[-15.8],[-71],[-117.2],[-23],[-22.4],[-5.8]],[[-10.4],[18.6],[-5.3],[0.7],[-1.2],[-12.5],[-1.1],[-3.5],[-1.2],[-5.5],[4.9],[-4.5],[-7.6],[-13.9],[-2.1],[1.7],[-7.3],[-17.4],[7.5],[-3.7],[3.5],[-12.2],[1.8],[-3.3],[-1.2],[-4.2],[-0.4],[-1.2],[5.8],[-2.7],[8.5],[0],[-2.3],[-0.3],[9.4],[2.3],[0.1],[-3],[1.3],[2.3],[6.2],[-1.5],[-4],[-2.3],[-5.3],[-9.5],[-4],[-15.1],[-27.8],[-31.9],[-21.3],[8.9],[-0.4]],[[-8.1],[-4],[8.8],[-6.5],[-18],[-6],[7.8],[-0.5],[2.6],[1.4],[-6.1],[-2.5],[-11.2],[8.3],[-3.1],[-1],[-14.3],[0.3],[-5.7],[-2.8],[-21.9],[10.9],[-0.1],[-3.2],[4.8],[-1.3],[-2.3],[-3.9],[1.6],[11.9],[-5.8],[0.1],[-3.1],[1.2],[-17.9],[11.6],[-16.1],[8.2],[6.1],[5.4],[-5.2],[-8.3],[15.5],[-1.4],[0.6],[1.5],[3.3],[8.9],[-17.7],[-9.3],[9.4],[3.8],[-11]]]

[]

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Capital investment

Figures in the capital investment section are in seasonally adjusted current prices.

Net lending (+) / borrowing (-)

Australia's net lending position increased by $1.5b to $20.3b this quarter. This was driven by a:

$6.9b increase in national net saving

Partially offset by:

$5.2b increase in gross fixed capital formation

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
Jun-64	-0.9
Sep-64	-2.5
Dec-64	-2.3
Mar-65	-3.3
Jun-65	-3.3
Sep-65	-4.4
Dec-65	-3.7
Mar-66	-2.8
Jun-66	-1.8
Sep-66	-1.9
Dec-66	-1.9
Mar-67	-2.6
Jun-67	-1.9
Sep-67	-3.0
Dec-67	-2.9
Mar-68	-5.2
Jun-68	-3.2
Sep-68	-3.7
Dec-68	-2.4
Mar-69	-2.4
Jun-69	-2.3
Sep-69	-1.4
Dec-69	-1.7
Mar-70	-1.4
Jun-70	-1.9
Sep-70	-1.5
Dec-70	-1.7
Mar-71	-2.1
Jun-71	-1.1
Sep-71	-0.9
Dec-71	-1.4
Mar-72	-0.2
Jun-72	1.1
Sep-72	1.6
Dec-72	2.2
Mar-73	2.0
Jun-73	1.6
Sep-73	0.4
Dec-73	0.4
Mar-74	-1.9
Jun-74	-3.5
Sep-74	-3.1
Dec-74	-2.5
Mar-75	-0.4
Jun-75	0.1
Sep-75	-1.1
Dec-75	-1.9
Mar-76	-1.8
Jun-76	-1.1
Sep-76	-1.2
Dec-76	-1.8
Mar-77	-3.0
Jun-77	-2.9
Sep-77	-3.1
Dec-77	-1.2
Mar-78	-2.9
Jun-78	-3.1
Sep-78	-3.7
Dec-78	-3.6
Mar-79	-2.0
Jun-79	-2.0
Sep-79	-1.8
Dec-79	-0.8
Mar-80	-1.0
Jun-80	-1.8
Sep-80	-3.9
Dec-80	-3.3
Mar-81	-2.9
Jun-81	-4.3
Sep-81	-4.1
Dec-81	-5.4
Mar-82	-5.5
Jun-82	-4.8
Sep-82	-3.5
Dec-82	-3.4
Mar-83	-3.6
Jun-83	-3.0
Sep-83	-3.7
Dec-83	-2.9
Mar-84	-4.0
Jun-84	-3.5
Sep-84	-4.5
Dec-84	-5.2
Mar-85	-4.1
Jun-85	-4.5
Sep-85	-5.6
Dec-85	-5.7
Mar-86	-6.0
Jun-86	-5.6
Sep-86	-4.8
Dec-86	-4.4
Mar-87	-4.1
Jun-87	-3.3
Sep-87	-3.3
Dec-87	-3.3
Mar-88	-3.0
Jun-88	-2.9
Sep-88	-3.9
Dec-88	-4.9
Mar-89	-5.6
Jun-89	-6.0
Sep-89	-6.5
Dec-89	-6.3
Mar-90	-6.2
Jun-90	-4.4
Sep-90	-4.2
Dec-90	-4.9
Mar-91	-3.9
Jun-91	-3.3
Sep-91	-3.1
Dec-91	-3.0
Mar-92	-3.0
Jun-92	-3.3
Sep-92	-3.8
Dec-92	-3.2
Mar-93	-3.0
Jun-93	-3.2
Sep-93	-3.3
Dec-93	-3.0
Mar-94	-2.9
Jun-94	-4.5
Sep-94	-5.5
Dec-94	-5.4
Mar-95	-5.8
Jun-95	-5.1
Sep-95	-4.5
Dec-95	-4.9
Mar-96	-4.0
Jun-96	-2.8
Sep-96	-3.9
Dec-96	-3.4
Mar-97	-3.1
Jun-97	-2.0
Sep-97	-3.1
Dec-97	-3.7
Mar-98	-5.1
Jun-98	-4.2
Sep-98	-5.6
Dec-98	-5.0
Mar-99	-5.7
Jun-99	-6.0
Sep-99	-5.7
Dec-99	-4.8
Mar-00	-4.9
Jun-00	-5.0
Sep-00	-3.4
Dec-00	-3.5
Mar-01	-2.5
Jun-01	-2.2
Sep-01	-1.8
Dec-01	-2.8
Mar-02	-2.7
Jun-02	-3.7
Sep-02	-4.0
Dec-02	-5.1
Mar-03	-5.0
Jun-03	-5.7
Sep-03	-5.4
Dec-03	-5.4
Mar-04	-5.8
Jun-04	-5.6
Sep-04	-6.7
Dec-04	-7.3
Mar-05	-6.6
Jun-05	-5.8
Sep-05	-5.7
Dec-05	-5.8
Mar-06	-5.6
Jun-06	-6.1
Sep-06	-5.6
Dec-06	-6.0
Mar-07	-6.3
Jun-07	-6.6
Sep-07	-6.8
Dec-07	-7.2
Mar-08	-7.0
Jun-08	-5.7
Sep-08	-3.7
Dec-08	-2.8
Mar-09	-1.9
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.5
Mar-10	-5.7
Jun-10	-2.8
Sep-10	-2.9
Dec-10	-3.4
Mar-11	-3.6
Jun-11	-3.0
Sep-11	-2.6
Dec-11	-3.3
Mar-12	-4.6
Jun-12	-3.6
Sep-12	-4.3
Dec-12	-4.8
Mar-13	-3.3
Jun-13	-3.5
Sep-13	-3.8
Dec-13	-3.1
Mar-14	-2.5
Jun-14	-3.2
Sep-14	-3.5
Dec-14	-3.2
Mar-15	-3.1
Jun-15	-5.1
Sep-15	-4.9
Dec-15	-5.4
Mar-16	-4.2
Jun-16	-4.3
Sep-16	-3.4
Dec-16	-1.5
Mar-17	-1.6
Jun-17	-2.5
Sep-17	-2.9
Dec-17	-3.5
Mar-18	-2.3
Jun-18	-2.7
Sep-18	-2.1
Dec-18	-1.4
Mar-19	-0.6
Jun-19	0.9
Sep-19	1.6
Dec-19	0.7
Mar-20	1.3
Jun-20	3.5
Sep-20	2.3
Dec-20	3.4
Mar-21	3.6
Jun-21	3.7

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted

["","Net lending \/ net borrowing relative to GDP"]

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National net lending as a proportion of GDP rose this quarter driven by a rise in general government net saving. The continued improvements in the economy led to further declines in COVID-19 related support packages.

General government net borrowing decreased by $11.2b to $20.0b.
Financial corporations' net lending increased by $4.2b to $10.3b
Non-financial corporations' net lending decreased by $2.9b to $11.6b
Households' net lending decreased by $7.3b to $19.1b

Notable drivers for general government and households were:

General government net saving increased and is now positive for the first time since March quarter 2020. This was driven by increases in income tax and stamp duty.
Household final consumption expenditure increased as COVID-19 restrictions continued to ease. Increases were recorded across a number of categories including electricity, gas and other fuel, transport services and purchases of vehicles.

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Jun-08	-24.7	9.4	1.8	-1.9
Sep-08	-19.3	9.4	-1.8	0.5
Dec-08	-13.4	6.8	-12.5	13.0
Mar-09	-9.1	4.6	-11.2	9.0
Jun-09	-14.8	5.8	-21.6	13.0
Sep-09	-10.2	-2.4	-13.8	7.4
Dec-09	-7.9	3.6	-19.6	6.0
Mar-10	-9.6	3.6	-21.5	8.7
Jun-10	-7.6	10.7	-16.2	6.1
Sep-10	-10.8	8.0	-15.4	8.4
Dec-10	-12.0	7.6	-15.3	11.9
Mar-11	-17.9	6.3	-16.8	13.7
Jun-11	-20.1	11.4	-16.3	11.6
Sep-11	-16.1	9.9	-16.1	13.9
Dec-11	-18.2	9.1	-19.4	17.8
Mar-12	-25.9	11.0	-14.1	13.1
Jun-12	-21.8	9.1	-19.7	16.1
Sep-12	-24.6	10.9	-13.2	8.7
Dec-12	-29.6	10.5	-11.8	12.4
Mar-13	-23.0	8.4	-14.5	14.4
Jun-13	-27.0	9.0	-4.9	12.9
Sep-13	-22.4	8.2	-12.5	11.4
Dec-13	-23.2	8.5	-12.0	12.9
Mar-14	-21.9	8.6	-12.4	13.0
Jun-14	-23.9	8.2	-8.5	14.1
Sep-14	-24.4	8.3	-10.9	12.2
Dec-14	-21.2	6.4	-10.7	11.7
Mar-15	-24.0	7.9	-8.5	9.5
Jun-15	-24.0	6.1	-7.6	11.3
Sep-15	-25.7	8.1	-7.3	7.6
Dec-15	-25.4	9.5	-7.2	3.9
Mar-16	-23.0	8.6	-11.8	3.7
Jun-16	-21.1	10.0	-12.4	4.2
Sep-16	-17.8	10.0	-11.3	3.5
Dec-16	-10.9	8.9	-6.1	1.2
Mar-17	-10.4	6.8	-3.5	1.8
Jun-17	-12.4	10.0	-8.4	0.1
Sep-17	-15.3	10.1	-6.7	0.2
Dec-17	-16.0	7.9	-7.7	2.4
Mar-18	-15.6	9.8	-6.5	0.7
Jun-18	-22.7	9.1	-2.9	-1.2
Sep-18	-15.7	7.6	-1.9	-1.4
Dec-18	-14.9	8.4	-3.5	1.4
Mar-19	-10.4	7.8	-4.1	4.4
Jun-19	-4.4	8.9	-1.3	4.0
Sep-19	-2.4	6.8	-8.8	10.9
Dec-19	-4.4	6.9	-10.0	8.6
Mar-20	-1.9	5.3	-13.7	16.8
Jun-20	32.7	17.9	-101.5	65.8
Sep-20	33.8	10.3	-90.7	55.6
Dec-20	20.6	11.5	-50.0	30.3
Mar-21	14.5	6.1	-31.2	26.4
Jun-21	11.6	10.3	-20.0	19.1

Net lending (+) / borrowing (-), by sector, seasonally adjusted

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[-24.7],[-19.3],[-13.4],[-9.1],[-14.8],[-10.2],[-7.9],[-9.6],[-7.6],[-10.8],[-12],[-17.9],[-20.1],[-16.1],[-18.2],[-25.9],[-21.8],[-24.6],[-29.6],[-23],[-27],[-22.4],[-23.2],[-21.9],[-23.9],[-24.4],[-21.2],[-24],[-24],[-25.7],[-25.4],[-23],[-21.1],[-17.8],[-10.9],[-10.4],[-12.4],[-15.3],[-16],[-15.6],[-22.7],[-15.7],[-14.9],[-10.4],[-4.4],[-2.4],[-4.4],[-1.9],[32.7],[33.8],[20.6],[14.5],[11.6]],[[9.4],[9.4],[6.8],[4.6],[5.8],[-2.4],[3.6],[3.6],[10.7],[8],[7.6],[6.3],[11.4],[9.9],[9.1],[11],[9.1],[10.9],[10.5],[8.4],[9],[8.2],[8.5],[8.6],[8.2],[8.3],[6.4],[7.9],[6.1],[8.1],[9.5],[8.6],[10],[10],[8.9],[6.8],[10],[10.1],[7.9],[9.8],[9.1],[7.6],[8.4],[7.8],[8.9],[6.8],[6.9],[5.3],[17.9],[10.3],[11.5],[6.1],[10.3]],[[1.8],[-1.8],[-12.5],[-11.2],[-21.6],[-13.8],[-19.6],[-21.5],[-16.2],[-15.4],[-15.3],[-16.8],[-16.3],[-16.1],[-19.4],[-14.1],[-19.7],[-13.2],[-11.8],[-14.5],[-4.9],[-12.5],[-12],[-12.4],[-8.5],[-10.9],[-10.7],[-8.5],[-7.6],[-7.3],[-7.2],[-11.8],[-12.4],[-11.3],[-6.1],[-3.5],[-8.4],[-6.7],[-7.7],[-6.5],[-2.9],[-1.9],[-3.5],[-4.1],[-1.3],[-8.8],[-10],[-13.7],[-101.5],[-90.7],[-50],[-31.2],[-20]],[[-1.9],[0.5],[13],[9],[13],[7.4],[6],[8.7],[6.1],[8.4],[11.9],[13.7],[11.6],[13.9],[17.8],[13.1],[16.1],[8.7],[12.4],[14.4],[12.9],[11.4],[12.9],[13],[14.1],[12.2],[11.7],[9.5],[11.3],[7.6],[3.9],[3.7],[4.2],[3.5],[1.2],[1.8],[0.1],[0.2],[2.4],[0.7],[-1.2],[-1.4],[1.4],[4.4],[4],[10.9],[8.6],[16.8],[65.8],[55.6],[30.3],[26.4],[19.1]]]

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Capital Investment

National capital investment increased to 22.8% as a proportion of GDP.

Relative to GDP:

General government investment increased to 4.2%
Household investment increased to 8.3%
Non-financial corporations' investment remained flat at 9.7%
Financial corporations' investment remained flat at 0.5%

General government investment rose driven by strength in state and local general government, reflecting elevated levels of investment in public infrastructure and non-dwelling projects.
Household investment rose driven by ownership transfer costs, new dwellings and home improvement investment. The government's HomeBuilder program supported increased housing investment. and households continued to invest in home improvements.
Non-financial corporations' investment rose, but remained flat as a proportion of GDP. Increased investment in machinery and equipment was supported by government tax incentives.

Gross fixed capital formation, by sector, relative to GDP, seasonally adjusted
	Non-financial corporations (%)	Financial corporations (%)	General government (%)	Households (%)
Jun-08	14.9	0.7	3.6	9.6
Sep-08	14.8	0.7	3.4	9.1
Dec-08	15.0	0.7	3.4	8.9
Mar-09	14.4	0.7	3.4	8.6
Jun-09	14.8	0.7	3.3	8.6
Sep-09	14.0	0.7	3.7	8.6
Dec-09	14.4	0.7	4.1	8.7
Mar-10	13.6	0.7	4.6	8.3
Jun-10	13.2	0.6	4.2	8.2
Sep-10	13.2	0.6	4.1	8.4
Dec-10	13.3	0.6	4.0	8.1
Mar-11	13.8	0.6	3.8	8.1
Jun-11	13.8	0.6	3.3	7.9
Sep-11	15.1	0.6	3.4	7.6
Dec-11	14.9	0.6	4.1	7.4
Mar-12	16.3	0.6	3.3	7.3
Jun-12	16.9	0.6	3.6	7.2
Sep-12	16.8	0.7	3.4	7.4
Dec-12	17.3	0.7	3.3	7.4
Mar-13	16.1	0.6	3.4	7.3
Jun-13	16.0	0.6	3.0	7.5
Sep-13	16.1	0.6	3.1	7.5
Dec-13	15.8	0.6	3.2	7.6
Mar-14	15.0	0.6	3.2	7.7
Jun-14	14.8	0.6	3.2	7.8
Sep-14	14.1	0.7	3.2	8.3
Dec-14	13.9	0.7	3.1	8.7
Mar-15	13.4	0.7	3.0	8.9
Jun-15	13.4	0.6	3.2	8.9
Sep-15	12.8	0.7	2.9	9.2
Dec-15	12.5	0.7	3.0	9.2
Mar-16	11.9	0.7	3.4	9.3
Jun-16	11.2	0.7	3.5	9.4
Sep-16	10.7	0.7	3.2	9.4
Dec-16	10.7	0.6	3.3	9.3
Mar-17	10.4	0.6	3.5	9.2
Jun-17	10.2	0.6	4.1	9.2
Sep-17	11.3	0.5	3.7	9.0
Dec-17	11.0	0.7	3.8	8.9
Mar-18	10.9	0.6	3.7	9.0
Jun-18	10.7	0.6	3.8	9.0
Sep-18	10.8	0.6	3.9	8.7
Dec-18	10.6	0.6	3.9	8.4
Mar-19	10.5	0.6	3.9	8.0
Jun-19	10.4	0.6	3.9	7.6
Sep-19	10.3	0.6	3.9	7.7
Dec-19	10.2	0.6	4.1	7.7
Mar-20	10.2	0.6	4.0	7.7
Jun-20	10.6	0.6	4.3	7.7
Sep-20	10.0	0.6	4.0	7.7
Dec-20	9.7	0.5	4.0	7.9
Mar-21	9.7	0.5	4.0	8.2
Jun-21	9.7	0.5	4.2	8.3

Gross fixed capital formation, by sector, relative to GDP, seasonally adjusted

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21"],[[14.9],[14.8],[15],[14.4],[14.8],[14],[14.4],[13.6],[13.2],[13.2],[13.3],[13.8],[13.8],[15.1],[14.9],[16.3],[16.9],[16.8],[17.3],[16.1],[16],[16.1],[15.8],[15],[14.8],[14.1],[13.9],[13.4],[13.4],[12.8],[12.5],[11.9],[11.2],[10.7],[10.7],[10.4],[10.2],[11.3],[11],[10.9],[10.7],[10.8],[10.6],[10.5],[10.4],[10.3],[10.2],[10.2],[10.6],[10],[9.7],[9.7],[9.7]],[[0.7],[0.7],[0.7],[0.7],[0.7],[0.7],[0.7],[0.7],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.7],[0.7],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.7],[0.7],[0.7],[0.6],[0.7],[0.7],[0.7],[0.7],[0.7],[0.6],[0.6],[0.6],[0.5],[0.7],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.6],[0.5],[0.5],[0.5]],[[3.6],[3.4],[3.4],[3.4],[3.3],[3.7],[4.1],[4.6],[4.2],[4.1],[4],[3.8],[3.3],[3.4],[4.1],[3.3],[3.6],[3.4],[3.3],[3.4],[3],[3.1],[3.2],[3.2],[3.2],[3.2],[3.1],[3],[3.2],[2.9],[3],[3.4],[3.5],[3.2],[3.3],[3.5],[4.1],[3.7],[3.8],[3.7],[3.8],[3.9],[3.9],[3.9],[3.9],[3.9],[4.1],[4],[4.3],[4],[4],[4],[4.2]],[[9.6],[9.1],[8.9],[8.6],[8.6],[8.6],[8.7],[8.3],[8.2],[8.4],[8.1],[8.1],[7.9],[7.6],[7.4],[7.3],[7.2],[7.4],[7.4],[7.3],[7.5],[7.5],[7.6],[7.7],[7.8],[8.3],[8.7],[8.9],[8.9],[9.2],[9.2],[9.3],[9.4],[9.4],[9.3],[9.2],[9.2],[9],[8.9],[9],[9],[8.7],[8.4],[8],[7.6],[7.7],[7.7],[7.7],[7.7],[7.7],[7.9],[8.2],[8.3]]]

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Data downloads

Download all (6.61 MB)

Time series spreadsheets

Changes to time series spreadsheets

TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million).

Amounts outstanding at end of period for Banks (A3571764X), FCA - Building societies (A3571765A) and FCA - Credit cooperatives (A3571766C) have been amalgamated into Authorised deposit taking institutions (A124919276R). This in line with the removal of the distinction between bank and non-bank ADIs in 2018 and the rest of the publication

Data files

TABLE 1. Credit Market Outstandings ($ million)
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TABLE 2. Demand for Credit ($ million)
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TABLE 3. National Capital Account, Current prices ($ million)
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TABLE 4. National Financial Assets and Liabilities ($ million)
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TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
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TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
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TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
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TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
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TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
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TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
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TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
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TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
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TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
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TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
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TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
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TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
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TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
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TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
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TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
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TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
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TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
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TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
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TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
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TABLE 27. General Government Capital Account, Current prices ($ million)
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TABLE 28. Financial Assets and Liabilities of General Government ($ million)
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TABLE 29. National General Government Capital Account, Current prices ($ million)
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TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
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TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
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TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
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TABLE 33. Household Capital Account, Current prices ($ million)
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TABLE 34. Financial Assets and Liabilities of Households ($ million)
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TABLE 35. Household Balance Sheet, Current prices ($ billion)
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TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
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TABLE 37. Rest of World Capital Account, Current prices ($ million)
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TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
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TABLE 39. The Currency Market ($ million)
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TABLE 40. The Transferable Deposits Market ($ million)
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TABLE 41. The Other Deposits Market ($ million)
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TABLE 42. The Bills of Exchange Market ($ million)
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TABLE 43. The One Name Paper Market ($ million)
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TABLE 44. The Bonds Market ($ million)
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TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
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TABLE 46. The Short Term Loans and Placements Market ($ million)
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TABLE 47. The Long Term Loans and Placements Market ($ million)
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TABLE 48. The Listed Shares and Other Equity Market ($ million)
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TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
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TABLE 50. Accounts Payable/Receivable ($ million)
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TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
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TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
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TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
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TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
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Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

This issue contains revisions to the original estimates of the capital accounts back to June quarter 2018 and concurrent seasonal adjustment.
The revisions to the financial accounts and balance sheets are back to June quarter 1988 and are a result of implementation of the quality assurance work undertaken through reviews of compilation methods and through source data provided to the ABS. Revisions have been applied to the entire time series of the financial instrument and sector tables. The most significant revisions are due to:

review of treatment of repurchase agreement contracts with non-residents and correction of previous misreporting under short term debt securities (one name paper)
review of pension funds holdings of equity and implementation of self-managed superannuation fund revisions from the Australian Taxation Office compliance returns
refinement of net equity in reserves of pension funds and life insurance corporations
improvements to household unlisted equity asset transactions in incorporated businesses (other private non-financial corporations)
improvements in the compilation of other private non-financial corporations deposit assets using data sourced from the Economic and Financial Statistics (EFS) collection
correction of misclassified units between the Other broad money institutions and Securitiser sectors

Suppression of data

The ABS has suppressed the release of some data in this issue due to confidentiality. Tables affected include:

TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
TABLE 38 Financial Assets and Liabilities of Rest of World ($ million)
TABLE 46. The Short Term Loans and Placements Market ($ million)
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)

Methodology

Australian National Accounts: Finance and Wealth methodology, June 2021

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APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Financing resources and investment table

Financial market summary table

Flow of funds diagrams

Net transactions during June quarter 2021

Amounts outstanding at end of June quarter 2021

National investment

Financial investment

Households

Non-financial corporations

General government

Demand for credit

Demand for credit table

Households

Private non-financial corporations

General government

Households

Balance sheet

Financial assets

Liabilities

Non-financial assets

Financial assets

Liabilities

Private non-financial corporations

Financial assets

Liabilities

Financial corporations

Financial assets and liabilities

Authorised deposit-taking institutions (ADIs)

Financial assets

Liabilities

Pension (superannuation) funds

Financial assets

Liabilities

Government

National general government financial assets

National general government liabilities

State and local general government financial assets

State and local general government liabilities

General government

Capital investment

Net lending (+) / borrowing (-)

Capital Investment

Data downloads

Time series spreadsheets

Changes to time series spreadsheets

TABLE 1. Credit Market Outstandings ($ million)

TABLE 2. Demand for Credit ($ million)

TABLE 3. National Capital Account, Current prices ($ million)

TABLE 4. National Financial Assets and Liabilities ($ million)

TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)

TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)

TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)

TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)

TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)

TABLE 13. Financial Corporations Capital Account, Current prices ($ million)

TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)

TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)

TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)

TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)

TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)

TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)

TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)

TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)

TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)

TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)

TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)

TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)

TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)

TABLE 27. General Government Capital Account, Current prices ($ million)

TABLE 28. Financial Assets and Liabilities of General Government ($ million)

TABLE 29. National General Government Capital Account, Current prices ($ million)

TABLE 30. Financial Assets and Liabilities of National General Government ($ million)