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

March 2023

Released

29/06/2023

View all releases

Key statistics

Household wealth increased $299.1b (2.1%) to $14,807.8b
Demand for credit was $89.4b, an increase of $27.7b from the previous quarter
Australia's net lending position fell $4.7b to $5.6b this quarter.
Capital investment as a proportion of GDP remained at 22.6%

Main features

Financing resources and investment table

Financing resources and investment March quarter 2023, original, current prices, $b
			Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Financing resources
	Net saving (a)		-3.7	21.4	12.0	11.8	41.5	-9.5
	plus Consumption of fixed capital		50.6	3.4	12.7	39.9	106.6	-
	Gross saving		46.9	24.8	24.7	51.7	148.1	-9.5
	plus Net capital transfers		1.6	0.0	-3.1	1.3	-0.2	0.2
	less Statistical discrepancy (b)		-	-	-	-	3.7	-
	Total financing resources		48.6	24.8	21.5	53.0	144.2	-9.3
Uses of financing (investment)
	Capital formation
		Gross fixed capital formation	62.5	2.9	21.6	45.3	132.3	-
		plus Changes in inventories	1.5	0.0	0.5	0.6	2.6	-
		plus Net acquisition of non-produced non-financial assets	-0.5	-	0.5	-	-	-
		Total capital formation	63.5	2.9	22.6	45.9	134.9	-
	plus Financial investment
		Acquisition of financial assets	12.4	-19.6	25.8	44.5	-66.8	-72.4
		less Incurrence of financial liabilities	55.2	-38.6	20.2	20.6	-72.4	-66.8
		Net Financial investment (Net lending (+) / net borrowing (-))	-42.8	19.0	5.6	23.9	5.6	-5.6
	less Net errors and omissions		-27.9	-2.9	6.6	16.7	-3.7	3.7
	Total investment		48.6	24.8	21.5	53.0	144.2	-9.3

- nil or rounded to zero
(a) Net saving for the rest of world is the balance on the external income account.
(b) The statistical discrepancy is not able to be distributed among the sectors.

Financial market summary table

Financial market summary, $b
		Amounts outstanding, Dec-22	Transactions, Mar-23	Other changes, Mar-23	Amounts outstanding, Mar-23
Currency and deposits
	Currency	108.2	-1.8	-	106.4
	Transferable deposits	2,213.3	-29.2	1.7	2,185.8
	Other deposits	1,595.5	49.2	3.5	1,648.2
Short term debt securities
	Bills of exchange	7.0	-0.1	-	6.8
	One name paper	574.5	-18.5	2.5	558.5
Long term debt securities
	Bonds, etc.	3,228.8	24.3	75.5	3,328.5
Derivatives
	Derivatives	1,364.4	-291.6	43.4	1,116.3
Loans and placements
	Short term	428.5	2.7	0.8	431.9
	Long term	4,658.5	32.0	11.2	4,701.7
Shares and other equity
	Listed	2,506.8	3.7	48.1	2,558.6
	Unlisted	5,779.2	66.8	104.5	5,950.4
Insurance technical reserves
	Reserves of pension funds and life	3,118.2	20.7	79.8	3,218.6
	General insurance payments	151.9	4.9	0.0	156.9

- nil or rounded to zero

Flow of funds diagrams

Image

Net transactions during March quarter 2023

This is a flowchart that shows the intersectoral financial flows of net transactions during the March quarter 2023.

Description

Net transactions during March quarter 2023

Financial corporations borrowed $28.4b from households and $0.4b from general government. They lent $36.6b to rest of world and $14.0b to non-financial corporations.
Rest of the world borrowed $1.0 from general government. They lent $15.5b to non-financial corporations and $1.9b to households.
General government borrowed $1.1b from households and lent $1.4b to non-financial corporations.
Households lent $4.1b to non-financial corporations.

Image

Amounts outstanding at end of March quarter 2023

This is a flowchart that shows the intersectoral financial flows of amounts outstanding at the end of the March quarter 2023.

Description

Amounts outstanding at end of March quarter 2023

Net claims on non-financial corporations were $1,327.2b from financial corporations, $858.3b from households, $1,102.6b from rest of world and $412.8b from general government.
Net claims on general government were $431.9b from financial corporations, $247.0b from rest of world and $408.9b from households.
Net claims on rest of world were $187.6b from financial corporations and $191.2b from households.
Net claims on financial corporations were $2,455.5b from households.

National investment

National investment decreased $21.0b to $134.9b in the March quarter.

General government investment decreased by $2.2b to $22.6b driven by decreases in gross fixed capital formation for both national general government and state and local general government.
Non-financial corporations' investment decreased by $9.2b to $63.5b, driven largely by a decrease in total gross fixed capital formation by private non-financial corporations.
Household investment decreased $9.3b to $45.9b, driven by decreases in total gross fixed capital formation and change in inventories.

Financial investment

Australia was a net lender of $5.6b to rest of world (ROW). The main contributors were a:

$34.1b withdrawal of deposits by ROW
$27.4b acquisition of ROW equity by Australia
Partly offset by $27.1b acquisition of equity issued by Australia by ROW; and
$12.7b acquisition of debt securities by ROW, driven mainly by long-term debt securities issued by banks and central borrowing authorities

Reductions in deposits reflected funding and liquidity management by Authorised deposit taking institutions and offshore related parties. ROW reinvested profits of Australian subsidiaries. ROW acquired bonds issued by banks as banks returned to wholesale funding sources in preparation for Term Funding Facility (TFF) maturities. ROW also pivoted to acquiring bonds issued by central borrowing authorities who continued to issue bonds to meet funding requirements.

Households

Households $23.9b net lending position was due to a $44.5b acquisition of financial assets, offset by a $20.6b incurrence of liabilities. The acquisition of assets was driven by:

$26.3b in deposits
$24.6b in net equity in superannuation

While liabilities were driven by:

$19.0b in loan borrowings

Growth in households’ deposit assets weakened reflecting a fall in the household saving ratio. Growth in deposit assets favoured other non-transaction deposit account types, such as high interest savings accounts whose interest rates have increased similar to rises in the cash rate. Contributions into pension funds reflect strong labour market conditions.

Non-financial corporations

Non-financial corporations’ $42.8b net borrowing position was due to a $12.2b acquisition of financial assets offset by a $55.1b incurrence of liabilities. The acquisition of assets was driven by:

$7.6b of equities
$7.3b of loans

Liabilities were driven by:

$29.7b of equities
$16.6b of loan borrowings

Private non-financial corporations benefitted from strong gross operating surplus, with reinvested earnings increasing firms' equity capital. Firms borrowed to invest in machinery and equipment and engineering construction.

General government

General government’s $5.6b net lending position was due to a $25.8b acquisition of financial assets offset by a $20.2b incurrence of liabilities. The acquisition of assets was driven by:

$18.6b in deposits
$5.4b in equities

Liabilities were driven by:

$11.1b issuance of long-term debt securities
$5.9b in loans

The general government’s net lending position is the first since March quarter 2017. Stronger than expected income tax receipts contributed to the national general government's build up of deposits. The rate of issuance of long-term debt securities by the national general government has significantly reduced compared to COVID peaks, as government outlays have declined. State and territory governments continued to borrow funds from their respective central borrowing authorities to fund investment in transport infrastructure.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-10	-20.4	1.1	-18.5	-13.8	10.8
Jun-10	-6.4	21.7	-10.1	-11.2	-6.8
Sep-10	-11.6	-6.1	10.5	-25.1	9.2
Dec-10	-13.7	-6.4	9.2	-15.2	-1.4
Mar-11	-12.9	14.1	5.7	-17.3	-15.4
Jun-11	-8.0	-0.5	9.0	-20.2	3.6
Sep-11	-11.0	-11.0	4.5	-30.5	26.1
Dec-11	-13.7	1.3	-3.2	-14.7	3.0
Mar-12	-16.4	-34.8	20.8	-11.2	8.8
Jun-12	-10.1	2.9	-21.0	-32.2	40.3
Sep-12	-19.4	-4.9	-10.7	-26.2	22.4
Dec-12	-18.0	-13.4	-2.0	-11.1	8.5
Mar-13	-10.9	-33.3	23.1	-17.3	16.6
Jun-13	-11.7	-40.0	14.1	-11.3	25.6
Sep-13	-17.9	-14.5	-16.0	-21.1	33.6
Dec-13	-10.4	-40.8	22.4	-9.0	17.0
Mar-14	-9.5	-16.5	9.7	-11.7	9.1
Jun-14	-9.9	-23.5	20.3	-12.2	5.5
Sep-14	-17.1	-8.7	-20.0	-18.7	30.2
Dec-14	-15.2	-1.2	-27.7	-13.8	27.5
Mar-15	-9.1	-12.2	-0.4	-4.8	8.2
Jun-15	-20.9	-33.4	5.0	-4.4	11.9
Sep-15	-26.0	-48.2	-4.5	-16.3	43.0
Dec-15	-25.2	-39.5	1.9	-5.4	17.8
Mar-16	-13.2	-23.0	16.1	-10.3	4.1
Jun-16	-19.0	6.6	-31.5	-7.9	13.9
Sep-16	-15.1	-7.4	-1.4	-21.8	15.6
Dec-16	-4.0	4.2	-13.4	-19.4	24.6
Mar-17	-4.5	-17.5	11.3	2.3	-0.7
Jun-17	-12.3	23.7	-31.5	-12.3	7.7
Sep-17	-15.0	-11.1	-10.0	-17.8	23.9
Dec-17	-18.5	-7.7	-22.2	-3.0	14.4
Mar-18	-10.6	-25.3	6.9	-0.3	8.2
Jun-18	-12.6	-10.2	-15.8	-0.4	13.8
Sep-18	-13.4	-31.6	-2.0	-17.1	37.4
Dec-18	-4.1	-8.0	7.2	-9.3	6.0
Mar-19	-3.1	-13.7	-5.1	-0.7	16.5
Jun-19	6.1	15.4	-34.9	-10.9	36.6
Sep-19	3.6	-0.6	-23.5	-24.2	52.0
Dec-19	5.0	-12.0	9.4	-15.4	23.0
Mar-20	9.3	-8.0	10.5	-15.6	22.3
Jun-20	17.5	49.1	2.7	-91.2	56.8
Sep-20	4.4	40.6	-0.8	-116.1	80.7
Dec-20	13.7	22.5	3.2	-50.6	38.6
Mar-21	13.8	-7.3	32.9	-20.2	8.3
Jun-21	21.6	23.5	1.2	-17.0	13.9
Sep-21	15.3	-25.0	32.1	-48.1	56.3
Dec-21	9.8	-6.9	18.5	-28.8	27.0
Mar-22	5.2	-46.2	44.3	-4.5	11.5
Jun-22	17.6	8.9	24.8	-15.2	-0.9
Sep-22	-13.4	-46.2	7.5	-33.5	58.9
Dec-22	10.2	-3.8	14.7	-20.6	20.0
Mar-23	5.6	-42.8	19.0	5.6	23.9

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, Dec-22	Demand for credit, Mar-23	Other changes, Mar-23	Credit market outstandings, Mar-23
Non-financial corporations
	Investment funds	538.5	5.1	-4.0	539.6
	Other private	4,330.2	42.4	62.3	4,434.9
	Public	177.1	4.5	0.1	181.7
General government
	National	844.4	13.4	38.1	895.9
	State and local	389.1	5.3	0.2	394.5
Households		2,742.2	18.9	7.6	2,768.7
Total		9,021.5	89.4	104.3	9,215.2

- nil or rounded to zero

Demand for credit was $89.4b in the March quarter, of which:

other private non-financial corporations borrowed $42.4b
households borrowed $18.9b
general government borrowed $18.6b

Credit market outstanding increased $193.7b (2.1%) of which $104.3b was revaluation gains. Holding gains on the shares of other private non-financial corporations were $63.4b in line with an increase in equity prices on the Australian Securities Exchange (ASX). This was aided by holding gains on Commonwealth government bonds of $38.1b which reflected falling bond yields.

Other private non-financial corporations

Businesses continued to favour equity funding over incurrence of debt in the March quarter. Elevated export revenue boosted operating surpluses which were reinvested in foreign-owned resource companies to grow share capital. Business loans were used to finance investment in machinery and equipment and non-dwelling construction. Faced with higher interest rates on loans some firms sought alternative funding through issuance of corporate bonds particularly in offshore markets.
Businesses funded their operations through:

equity raising of $28.3b
loan borrowings of $11.5b
bond issuance of $2.3b

Households

Household demand for credit was the weakest since September quarter 2020 as housing credit growth moderated in line with a decrease in the value of new loan commitments in the March quarter. Household borrowing activity consisted of:

$20.0b in long term loans
repayment of $1.0b in short term loans

General government

The Commonwealth government's funding requirements have fallen following favourable economic conditions which have delivered a boost to taxation revenue. Accordingly, the Australian Office of Financial Management adjusted down its intentions to issue new bonds across the financial year following unprecedented fundraising during the pandemic to provide support to households and businesses. State and local general government's demand for credit was $5.3b as funds raised through semi-government bonds were passed on by their respective central borrowing authorities through loans. State government demand for credit continues to be driven by investment in health and transport infrastructure. This was reflected in:

$11.5b of bonds issued by national general government
$5.9b in loan borrowings by state and local general governments

Demand for credit by sector
	Other private non-financial corporations ($b)	Households ($b)	General government ($b)	Other ($b)
Mar-10	2.6	18.2	20.6	-0.2
Jun-10	0.8	29.2	21.0	7.5
Sep-10	15.4	16.9	18.6	6.5
Dec-10	20.2	23.3	12.3	-1.9
Mar-11	6.4	21.4	18.1	2.6
Jun-11	6.1	27.2	19.0	-1.5
Sep-11	30.8	7.4	28.2	2.1
Dec-11	-4.6	16.7	21.4	6.3
Mar-12	28.1	11.6	16.7	2.2
Jun-12	16.3	23.0	12.9	1.7
Sep-12	16.3	1.9	28.7	5.1
Dec-12	15.4	14.8	10.9	5.5
Mar-13	23.2	11.8	10.2	2.7
Jun-13	37.1	26.9	-9.1	2.0
Sep-13	24.5	4.3	29.8	0.5
Dec-13	35.4	30.3	20.4	7.3
Mar-14	8.2	18.7	20.9	4.6
Jun-14	31.6	34.2	9.2	11.0
Sep-14	33.7	19.8	23.9	-5.5
Dec-14	35.3	26.2	12.7	5.9
Mar-15	42.6	25.0	17.7	8.5
Jun-15	26.1	39.2	1.5	9.0
Sep-15	38.9	18.2	37.8	4.5
Dec-15	33.4	23.1	0.4	6.5
Mar-16	30.7	25.3	23.5	4.7
Jun-16	11.1	34.7	4.4	4.9
Sep-16	21.1	28.6	25.5	5.0
Dec-16	57.0	20.7	14.2	-11.9
Mar-17	5.7	21.6	18.8	4.4
Jun-17	37.3	40.6	19.0	1.1
Sep-17	33.2	18.2	4.4	5.2
Dec-17	31.2	28.1	16.1	5.6
Mar-18	39.2	19.6	5.7	2.9
Jun-18	14.3	27.5	10.1	2.5
Sep-18	72.6	14.5	5.0	8.8
Dec-18	9.6	25.7	6.1	3.8
Mar-19	35.1	15.3	-0.3	7.5
Jun-19	39.5	4.1	12.3	-2.1
Sep-19	16.0	-0.6	26.0	8.4
Dec-19	19.0	20.3	15.9	4.3
Mar-20	53.2	2.6	35.7	4.9
Jun-20	-7.8	14.2	136.8	10.5
Sep-20	1.0	5.9	144.5	7.5
Dec-20	2.0	22.0	30.5	10.9
Mar-21	15.2	24.5	20.2	6.4
Jun-21	9.1	48.8	6.9	19.5
Sep-21	54.2	40.6	50.4	9.8
Dec-21	32.0	53.6	22.1	15.9
Mar-22	156.3	42.3	12.7	12.2
Jun-22	41.9	52.7	45.4	14.8
Sep-22	70.6	26.2	11.7	6.6
Dec-22	14.8	31.6	10.4	4.9
Mar-23	42.4	18.9	18.6	9.6

Demand for credit by sector

["","Other private non-financial corporations","Households","General government","Other"]

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[2.6000000000000001],[0.80000000000000004],[15.4],[20.199999999999999],[6.4000000000000004],[6.0999999999999996],[30.800000000000001],[-4.5999999999999996],[28.100000000000001],[16.300000000000001],[16.300000000000001],[15.4],[23.199999999999999],[37.100000000000001],[24.5],[35.399999999999999],[8.1999999999999993],[31.600000000000001],[33.700000000000003],[35.299999999999997],[42.600000000000001],[26.100000000000001],[38.899999999999999],[33.399999999999999],[30.699999999999999],[11.1],[21.100000000000001],[57],[5.7000000000000002],[37.299999999999997],[33.200000000000003],[31.199999999999999],[39.200000000000003],[14.300000000000001],[72.599999999999994],[9.5999999999999996],[35.100000000000001],[39.5],[16],[19],[53.200000000000003],[-7.7999999999999998],[1],[2],[15.199999999999999],[9.0999999999999996],[54.200000000000003],[32],[156.30000000000001],[41.899999999999999],[70.599999999999994],[14.800000000000001],[42.399999999999999]],[[18.199999999999999],[29.199999999999999],[16.899999999999999],[23.300000000000001],[21.399999999999999],[27.199999999999999],[7.4000000000000004],[16.699999999999999],[11.6],[23],[1.8999999999999999],[14.800000000000001],[11.800000000000001],[26.899999999999999],[4.2999999999999998],[30.300000000000001],[18.699999999999999],[34.200000000000003],[19.800000000000001],[26.199999999999999],[25],[39.200000000000003],[18.199999999999999],[23.100000000000001],[25.300000000000001],[34.700000000000003],[28.600000000000001],[20.699999999999999],[21.600000000000001],[40.600000000000001],[18.199999999999999],[28.100000000000001],[19.600000000000001],[27.5],[14.5],[25.699999999999999],[15.300000000000001],[4.0999999999999996],[-0.59999999999999998],[20.300000000000001],[2.6000000000000001],[14.199999999999999],[5.9000000000000004],[22],[24.5],[48.799999999999997],[40.600000000000001],[53.600000000000001],[42.299999999999997],[52.700000000000003],[26.199999999999999],[31.600000000000001],[18.899999999999999]],[[20.600000000000001],[21],[18.600000000000001],[12.300000000000001],[18.100000000000001],[19],[28.199999999999999],[21.399999999999999],[16.699999999999999],[12.9],[28.699999999999999],[10.9],[10.199999999999999],[-9.0999999999999996],[29.800000000000001],[20.399999999999999],[20.899999999999999],[9.1999999999999993],[23.899999999999999],[12.699999999999999],[17.699999999999999],[1.5],[37.799999999999997],[0.40000000000000002],[23.5],[4.4000000000000004],[25.5],[14.199999999999999],[18.800000000000001],[19],[4.4000000000000004],[16.100000000000001],[5.7000000000000002],[10.1],[5],[6.0999999999999996],[-0.29999999999999999],[12.300000000000001],[26],[15.9],[35.700000000000003],[136.80000000000001],[144.5],[30.5],[20.199999999999999],[6.9000000000000004],[50.399999999999999],[22.100000000000001],[12.699999999999999],[45.399999999999999],[11.699999999999999],[10.4],[18.600000000000001]],[[-0.20000000000000001],[7.5],[6.5],[-1.8999999999999999],[2.6000000000000001],[-1.5],[2.1000000000000001],[6.2999999999999998],[2.2000000000000002],[1.7],[5.0999999999999996],[5.5],[2.7000000000000002],[2],[0.5],[7.2999999999999998],[4.5999999999999996],[11],[-5.5],[5.9000000000000004],[8.5],[9],[4.5],[6.5],[4.7000000000000002],[4.9000000000000004],[5],[-11.9],[4.4000000000000004],[1.1000000000000001],[5.2000000000000002],[5.5999999999999996],[2.8999999999999999],[2.5],[8.8000000000000007],[3.7999999999999998],[7.5],[-2.1000000000000001],[8.4000000000000004],[4.2999999999999998],[4.9000000000000004],[10.5],[7.5],[10.9],[6.4000000000000004],[19.5],[9.8000000000000007],[15.9],[12.199999999999999],[14.800000000000001],[6.5999999999999996],[4.9000000000000004],[9.5999999999999996]]]

[]

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"Other" includes private non-financial investment funds and public non-financial corporations.

Households

Balance sheet

Household balance sheet, $b
		Amounts outstanding, Dec-22	Transactions, Mar-23	Other changes(a), Mar-23	Holding gains/losses, Mar-23	Amounts outstanding, Mar-23
Non-financial assets
	Land and dwellings	9,919.9	8.3	10.1	141.5	10,079.8
	Other non-financial assets	810.2	-2.4	-	19.5	827.3
Financial assets
	Superannuation reserves	3,434.2	24.6	-	77.1	3,535.9
	Shares and other equity	1,275.5	-0.6	-	21.3	1,296.1
	Currency and deposits	1,588.3	25.3	-	0.7	1,614.3
	Other financial assets	372.4	-4.9	-	6.7	374.3
Liabilities
	Loans	2,737.7	19.0	-	7.6	2,764.3
	Other liabilities	154.0	1.7	-	-	155.6
Wealth (Net worth)		14,508.8	29.8	10.1	259.2	14,807.8
Memorandum item
	Consumer durables (b)	517.9	2.9	-	-	528.7

- nil or rounded to zero
(a) Not all other changes in volume are separately identifiable. Some have been shown as holding gains.
(b) Consumer durables are not included in net worth.

Financial assets

Household selected financial assets, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total assets		82.0	6,478.8	55.3	6,670.3	44.5	6,820.6
Deposits		50.5	1,505.0	32.5	1,537.9	26.3	1,564.9
Shares and equity		2.0	1,240.2	-0.2	1,275.5	-0.6	1,296.1
Net equity in reserves		23.4	3,001.4	19.6	3,123.7	20.7	3,224.6
	Pension funds	21.8	2,867.6	23.9	2,986.9	22.2	3,082.5
Other assets		6.1	732.2	3.3	733.3	-1.9	735.0

Liabilities

Household selected liabilities, $b
	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total liabilities	23.1	2,854.1	35.3	2,891.7	20.6	2,920.0
Short term loans	-1.5	58.4	0.9	59.4	-1.0	58.4
Long term loans	27.9	2,645.1	30.8	2,678.3	20.0	2,705.9
Other liabilities	-3.3	150.5	3.6	154.0	1.7	155.7

Household wealth grew 2.1% ($299.1b) to $14,807.8b at the end of the March quarter. Household wealth was driven by strength in the housing market and revaluation gains in superannuation assets.

Wealth per capita grew 1.6% ($8,597) to $561,750 per person.

Non-financial assets

Non-financial assets owned by households increased by 1.7% ($177.1b), driven by a:

$134.6b rise in residential land and dwellings

This increase reflects the rise in property prices, as the number of properties for sale on the market remains below current demand despite a rapid increase in interest rates.

Financial assets

Financial assets of households increased by 2.3% ($150.3b), driven by a:

$101.8b rise in superannuation reserves
$26.0b rise in currency and deposits
$20.6b rise in shares and other equity

Total superannuation reserves increased by 3.0% this quarter, driven by strength in equity markets, both domestically and overseas. Total deposits increased by 1.8%, driven by other deposits ($30.2b) due to rising interest rates. Transferable deposits decreased by 0.3% (-$3.2b).

Liabilities

Household liabilities increased by 1.0% ($28.3b), with a:

$20.9b rise in housing loans
$1.0b fall in short term loans

The growth in housing loans was driven by both owner-occupier ($15.9b) and investor ($5.0b) loans, and is the weakest growth in housing loans since September 2020.
The decrease in short term loans follows the seasonal increased spending in the December quarter. Year-on-year short term loans fell 3.0%, reflecting household's lack of appetite for short term debt.

Household wealth, contribution to growth, quarterly
	Net worth (ppt)	Assets: Land and dwellings (ppt)	Assets: Superannuation (ppt)	Assets: Equity (ppt)	Assets: Deposits (ppt)	Liabilities: Housing loans (ppt)
Mar-10	3.5	3.1	0.4	0	0.2	-0.3
Jun-10	-1.8	-0.4	-0.6	-0.4	0.1	-0.4
Sep-10	1.4	0.3	0.7	0.2	0.4	-0.3
Dec-10	1.1	0.4	0.8	0.1	0.2	-0.3
Mar-11	-0.2	-0.2	0.4	0	0.1	-0.3
Jun-11	-0.5	0.1	0	-0.1	0	-0.2
Sep-11	-3.2	-2.0	-1.1	-0.2	0.4	-0.3
Dec-11	0.1	-0.3	0.2	0.1	0.2	-0.2
Mar-12	1.6	0.4	1.0	0.3	0.2	-0.2
Jun-12	2.3	0.4	1.9	-0.1	0.1	-0.3
Sep-12	1.0	-0.2	0.8	0.2	0.3	-0.2
Dec-12	2.7	1.6	0.9	0.2	0.2	-0.2
Mar-13	2.1	0.8	1.0	0.3	0.1	-0.2
Jun-13	0	1.1	-0.8	0	0.1	-0.3
Sep-13	3.0	1.2	1.3	0.3	0.4	0
Dec-13	3.3	2.4	0.7	0.1	0.3	-0.4
Mar-14	1.9	1.0	0.6	0.3	0.1	-0.2
Jun-14	1.6	1.3	0.3	0.2	0.1	-0.4
Sep-14	2.1	1.1	0.7	0.2	0.4	-0.3
Dec-14	3.4	2.2	0.8	0.3	0.3	-0.3
Mar-15	3.3	1.5	1.3	0.4	0.2	-0.3
Jun-15	2.4	2.7	0.1	0	0.1	-0.4
Sep-15	1.4	1.5	-0.3	0	0.4	-0.2
Dec-15	1.8	0.5	0.9	0.4	0.2	-0.3
Mar-16	-0.2	0.1	-0.2	0	0.1	-0.3
Jun-16	3.2	1.6	1.7	0.2	0.1	-0.3
Sep-16	2.5	1.4	0.9	0.3	0.3	-0.2
Dec-16	3.6	2.8	0.5	0.2	0.3	-0.2
Mar-17	2.4	1.7	0.7	0.2	0.1	-0.2
Jun-17	1.6	1.7	0.2	0	0	-0.3
Sep-17	0.3	0.1	0	0.1	0.2	-0.2
Dec-17	2.8	1.7	1.0	0.3	0.1	-0.3
Mar-18	-0.1	0.2	-0.2	0	0.1	-0.2
Jun-18	0.9	-0.3	1.0	0.2	0	-0.2
Sep-18	0.3	-0.5	0.5	0.2	0.3	-0.2
Dec-18	-2.0	-0.6	-1.1	-0.1	0.1	-0.2
Mar-19	0.6	-1.2	1.4	0.3	0.1	-0.1
Jun-19	3.1	0.7	2.1	0.3	0	-0.2
Sep-19	3.2	2.1	0.6	0.2	0.2	-0.1
Dec-19	2.7	2.0	0.6	0.1	0.1	-0.2
Mar-20	-2.2	0.9	-2.5	-0.6	0.2	-0.1
Jun-20	2.1	-0.2	1.5	0.3	0.3	-0.1
Sep-20	3.0	2.0	0.3	0.1	0.6	-0.1
Dec-20	5.5	3.3	1.5	0.5	0.2	-0.2
Mar-21	4.5	3.7	0.5	0.2	0.1	-0.2
Jun-21	4.5	3.4	0.9	0.3	0	-0.3
Sep-21	5.4	4.5	0.4	0.2	0.5	-0.3
Dec-21	5.1	4.2	0.6	0.2	0.3	-0.3
Mar-22	1.1	1.3	-0.4	0.1	0.2	-0.3
Jun-22	-2.7	-0.3	-2.0	-0.2	0	-0.3
Sep-22	-1.5	-1.8	-0.1	0.1	0.4	-0.2
Dec-22	1.4	0.2	0.8	0.2	0.2	-0.2
Mar-23	2.1	1.1	0.7	0.1	0.2	-0.1

Household wealth, contribution to growth, quarterly

["","Net worth","Assets: Land and dwellings","Assets: Superannuation","Assets: Equity","Assets: Deposits","Liabilities: Housing loans"]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total assets	25.2	2,001.0	12.3	2,005.2	14.3	2,021.3
Deposits	-17.5	811.0	-7.1	801.7	4.0	808.1
Shares and equity	25.4	688.6	29.2	715.7	7.6	732.3
Other accounts receivable	12.0	257.5	-2.6	256.3	-3.3	246.2
Other assets	5.4	244.0	-7.1	231.5	5.9	234.6

Liabilities

Private non-financial corporations' selected liabilities, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total liabilities		69.6	4,968.2	14.3	5,097.1	51.4	5,203.8
Total debt securities		-4.5	277.1	-3.6	274.1	3.1	277.2
Loans		40.3	1,030.3	1.4	1,028.0	14.6	1,042.0
	Authorised deposit taking institutions	28.0	694.5	9.1	703.0	11.7	715.5
	Rest of world	5.7	241.6	-11.4	227.0	-0.7	225.0
Shares and equity		40.3	3,381.7	19.8	3,525.9	29.7	3,614.3
	Households	6.0	820.2	3.0	840.5	4.1	858.0
	Rest of world	28.0	1,316.3	13.2	1,370.2	25.3	1,408.7
Other liabilities		-6.6	279.1	-3.3	269.2	4.0	270.3

Private non-financial corporations demand for credit of $51.4b was driven by a:

$29.7b issuance of equity, and
$14.6b of loan borrowings

Private non-financial corporations' demand for credit
	Demand for credit ($b)	Debt securities ($b)	Loans ($b)	Equities ($b)
Mar-10	-0.1	0.8	-9.8	8.1
Jun-10	8.6	-1.3	-7.5	12.7
Sep-10	21.4	8.5	-5.7	15.6
Dec-10	21.8	-4.7	-10.3	35.1
Mar-11	6.3	3.3	6.1	0.0
Jun-11	0.5	0.6	-6.5	9.6
Sep-11	30.7	6.9	16.4	5.8
Dec-11	6.3	7.2	-1.1	-5.9
Mar-12	28.2	10.2	6.9	12.9
Jun-12	21.2	-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	24.3	3.7	11.4	12.6
Jun-13	37.1	-1.9	17.4	23.5
Sep-13	24.3	8.9	0.7	13.6
Dec-13	43.2	1.0	16.0	23.8
Mar-14	12.2	-3.8	3.9	12.7
Jun-14	29.9	-5.3	19.5	21.0
Sep-14	40.5	6.1	8.8	19.0
Dec-14	32.0	-7.3	8.6	31.3
Mar-15	45.6	5.0	25.3	17.9
Jun-15	39.3	10.6	-1.2	26.5
Sep-15	47.4	-7.0	29.5	19.4
Dec-15	37.0	7.3	12.6	18.8
Mar-16	34.9	4.4	16.4	13.9
Jun-16	13.9	-8.8	2.3	16.7
Sep-16	31.6	-7.4	11.5	23.1
Dec-16	61.7	1.3	12.7	45.8
Mar-17	18.8	-10.2	3.6	16.5
Jun-17	49.0	6.8	5.0	30.5
Sep-17	49.0	-3.8	9.7	33.5
Dec-17	30.1	-6.4	8.2	31.0
Mar-18	47.2	3.7	16.0	23.7
Jun-18	14.1	8.1	-14.5	21.2
Sep-18	83.4	-0.8	35.7	46.4
Dec-18	8.1	-4.4	7.4	6.7
Mar-19	37.5	-3.1	20.2	23.0
Jun-19	29.1	3.8	1.5	28.8
Sep-19	28.4	-2.0	10.7	12.2
Dec-19	18.7	-1.8	2.1	23.2
Mar-20	58.4	-9.0	50.6	12.0
Jun-20	-5.2	-1.9	-27.7	31.4
Sep-20	13.7	-8.6	-6.4	24.8
Dec-20	11.1	-15.5	-9.4	32.3
Mar-21	27.2	1.7	9.3	7.4
Jun-21	21.1	-3.4	8.7	11.2
Sep-21	70.5	-6.0	17.6	52.2
Dec-21	41.9	-0.8	3.4	40.6
Mar-22	171.2	5.4	11.5	150.0
Jun-22	45.7	2.6	31.5	17.8
Sep-22	69.6	-4.5	40.3	40.3
Dec-22	14.3	-3.6	1.4	19.8
Mar-23	51.4	3.1	14.6	29.7

Private non-financial corporations' demand for credit

["","Demand for credit","Debt securities","Loans","Equities"]

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[-0.10000000000000001],[8.5999999999999996],[21.399999999999999],[21.800000000000001],[6.2999999999999998],[0.5],[30.699999999999999],[6.2999999999999998],[28.199999999999999],[21.199999999999999],[20],[18.100000000000001],[24.300000000000001],[37.100000000000001],[24.300000000000001],[43.200000000000003],[12.199999999999999],[29.899999999999999],[40.5],[32],[45.600000000000001],[39.299999999999997],[47.399999999999999],[37],[34.899999999999999],[13.9],[31.600000000000001],[61.700000000000003],[18.800000000000001],[49],[49],[30.100000000000001],[47.200000000000003],[14.1],[83.400000000000006],[8.0999999999999996],[37.5],[29.100000000000001],[28.399999999999999],[18.699999999999999],[58.399999999999999],[-5.2000000000000002],[13.699999999999999],[11.1],[27.199999999999999],[21.100000000000001],[70.5],[41.899999999999999],[171.19999999999999],[45.700000000000003],[69.599999999999994],[14.300000000000001],[51.399999999999999]],[[0.80000000000000004],[-1.3],[8.5],[-4.7000000000000002],[3.2999999999999998],[0.59999999999999998],[6.9000000000000004],[7.2000000000000002],[10.199999999999999],[-1.2],[6.7999999999999998],[6],[3.7000000000000002],[-1.8999999999999999],[8.9000000000000004],[1],[-3.7999999999999998],[-5.2999999999999998],[6.0999999999999996],[-7.2999999999999998],[5],[10.6],[-7],[7.2999999999999998],[4.4000000000000004],[-8.8000000000000007],[-7.4000000000000004],[1.3],[-10.199999999999999],[6.7999999999999998],[-3.7999999999999998],[-6.4000000000000004],[3.7000000000000002],[8.0999999999999996],[-0.80000000000000004],[-4.4000000000000004],[-3.1000000000000001],[3.7999999999999998],[-2],[-1.8],[-9],[-1.8999999999999999],[-8.5999999999999996],[-15.5],[1.7],[-3.3999999999999999],[-6],[-0.80000000000000004],[5.4000000000000004],[2.6000000000000001],[-4.5],[-3.6000000000000001],[3.1000000000000001]],[[-9.8000000000000007],[-7.5],[-5.7000000000000002],[-10.300000000000001],[6.0999999999999996],[-6.5],[16.399999999999999],[-1.1000000000000001],[6.9000000000000004],[13.300000000000001],[-2.7000000000000002],[1.3],[11.4],[17.399999999999999],[0.69999999999999996],[16],[3.8999999999999999],[19.5],[8.8000000000000007],[8.5999999999999996],[25.300000000000001],[-1.2],[29.5],[12.6],[16.399999999999999],[2.2999999999999998],[11.5],[12.699999999999999],[3.6000000000000001],[5],[9.6999999999999993],[8.1999999999999993],[16],[-14.5],[35.700000000000003],[7.4000000000000004],[20.199999999999999],[1.5],[10.699999999999999],[2.1000000000000001],[50.600000000000001],[-27.699999999999999],[-6.4000000000000004],[-9.4000000000000004],[9.3000000000000007],[8.6999999999999993],[17.600000000000001],[3.3999999999999999],[11.5],[31.5],[40.299999999999997],[1.3999999999999999],[14.6]],[[8.0999999999999996],[12.699999999999999],[15.6],[35.100000000000001],[0],[9.5999999999999996],[5.7999999999999998],[-5.9000000000000004],[12.9],[3.8999999999999999],[13.9],[11.699999999999999],[12.6],[23.5],[13.6],[23.800000000000001],[12.699999999999999],[21],[19],[31.300000000000001],[17.899999999999999],[26.5],[19.399999999999999],[18.800000000000001],[13.9],[16.699999999999999],[23.100000000000001],[45.799999999999997],[16.5],[30.5],[33.5],[31],[23.699999999999999],[21.199999999999999],[46.399999999999999],[6.7000000000000002],[23],[28.800000000000001],[12.199999999999999],[23.199999999999999],[12],[31.399999999999999],[24.800000000000001],[32.299999999999997],[7.4000000000000004],[11.199999999999999],[52.200000000000003],[40.600000000000001],[150],[17.800000000000001],[40.299999999999997],[19.800000000000001],[29.699999999999999]]]

[]

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Private non-financial corporations sourced funds through both debt and equity this quarter. The debt to equity ratio (adjusted for price changes) remained at 0.61.

Growth in firm’s debt was driven by increased loan borrowings, with firms undertaking non-dwelling construction and purchasing machinery and equipment. Firms were also net issuers of Australian issued bonds for the first time since December quarter 2020. Firms' equity grew reflecting strength in private non-financial corporations' gross operating surplus resulting in a build up of reinvested earnings.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, March 2003 base	Debt to equity ratio
Mar-03	0.59	0.59
Jun-03	0.59	0.57
Sep-03	0.58	0.54
Dec-03	0.58	0.52
Mar-04	0.58	0.50
Jun-04	0.59	0.50
Sep-04	0.59	0.48
Dec-04	0.62	0.48
Mar-05	0.63	0.48
Jun-05	0.71	0.52
Sep-05	0.72	0.50
Dec-05	0.74	0.51
Mar-06	0.76	0.50
Jun-06	0.77	0.52
Sep-06	0.78	0.52
Dec-06	0.82	0.51
Mar-07	0.84	0.50
Jun-07	0.84	0.49
Sep-07	0.88	0.51
Dec-07	0.91	0.54
Mar-08	0.93	0.60
Jun-08	0.94	0.60
Sep-08	0.96	0.69
Dec-08	0.97	0.81
Mar-09	0.93	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	0.80	0.60
Dec-10	0.76	0.55
Mar-11	0.77	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	0.80	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	0.78	0.62
Sep-14	0.78	0.63
Dec-14	0.76	0.63
Mar-15	0.77	0.62
Jun-15	0.77	0.64
Sep-15	0.78	0.67
Dec-15	0.78	0.66
Mar-16	0.79	0.65
Jun-16	0.78	0.63
Sep-16	0.77	0.60
Dec-16	0.76	0.60
Mar-17	0.75	0.58
Jun-17	0.75	0.58
Sep-17	0.74	0.58
Dec-17	0.73	0.54
Mar-18	0.73	0.56
Jun-18	0.72	0.53
Sep-18	0.72	0.53
Dec-18	0.72	0.55
Mar-19	0.72	0.52
Jun-19	0.71	0.51
Sep-19	0.71	0.52
Dec-19	0.70	0.50
Mar-20	0.72	0.61
Jun-20	0.69	0.53
Sep-20	0.67	0.51
Dec-20	0.65	0.48
Mar-21	0.66	0.48
Jun-21	0.66	0.46
Sep-21	0.65	0.46
Dec-21	0.64	0.44
Mar-22	0.61	0.42
Jun-22	0.62	0.46
Sep-22	0.62	0.47
Dec-22	0.61	0.45
Mar-23	0.61	0.44

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0March 2003 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[0.58999999999999997],[0.58999999999999997],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.58999999999999997],[0.58999999999999997],[0.62],[0.63],[0.70999999999999996],[0.71999999999999997],[0.73999999999999999],[0.76000000000000001],[0.77000000000000002],[0.78000000000000003],[0.81999999999999995],[0.83999999999999997],[0.83999999999999997],[0.88],[0.91000000000000003],[0.93000000000000005],[0.93999999999999995],[0.95999999999999996],[0.96999999999999997],[0.93000000000000005],[0.85999999999999999],[0.83999999999999997],[0.82999999999999996],[0.81000000000000005],[0.80000000000000004],[0.80000000000000004],[0.76000000000000001],[0.77000000000000002],[0.75],[0.77000000000000002],[0.78000000000000003],[0.79000000000000004],[0.80000000000000004],[0.80000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.78000000000000003],[0.78000000000000003],[0.78000000000000003],[0.76000000000000001],[0.77000000000000002],[0.77000000000000002],[0.78000000000000003],[0.78000000000000003],[0.79000000000000004],[0.78000000000000003],[0.77000000000000002],[0.76000000000000001],[0.75],[0.75],[0.73999999999999999],[0.72999999999999998],[0.72999999999999998],[0.71999999999999997],[0.71999999999999997],[0.71999999999999997],[0.71999999999999997],[0.70999999999999996],[0.70999999999999996],[0.69999999999999996],[0.71999999999999997],[0.68999999999999995],[0.67000000000000004],[0.65000000000000002],[0.66000000000000003],[0.66000000000000003],[0.65000000000000002],[0.64000000000000001],[0.60999999999999999],[0.62],[0.62],[0.60999999999999999],[0.60999999999999999]],[[0.58999999999999997],[0.56999999999999995],[0.54000000000000004],[0.52000000000000002],[0.5],[0.5],[0.47999999999999998],[0.47999999999999998],[0.47999999999999998],[0.52000000000000002],[0.5],[0.51000000000000001],[0.5],[0.52000000000000002],[0.52000000000000002],[0.51000000000000001],[0.5],[0.48999999999999999],[0.51000000000000001],[0.54000000000000004],[0.59999999999999998],[0.59999999999999998],[0.68999999999999995],[0.81000000000000005],[0.79000000000000004],[0.69999999999999996],[0.63],[0.59999999999999998],[0.59999999999999998],[0.64000000000000001],[0.59999999999999998],[0.55000000000000004],[0.55000000000000004],[0.56000000000000005],[0.63],[0.64000000000000001],[0.60999999999999999],[0.65000000000000002],[0.64000000000000001],[0.62],[0.60999999999999999],[0.65000000000000002],[0.62],[0.63],[0.62],[0.62],[0.63],[0.63],[0.62],[0.64000000000000001],[0.67000000000000004],[0.66000000000000003],[0.65000000000000002],[0.63],[0.59999999999999998],[0.59999999999999998],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.54000000000000004],[0.56000000000000005],[0.53000000000000003],[0.53000000000000003],[0.55000000000000004],[0.52000000000000002],[0.51000000000000001],[0.52000000000000002],[0.5],[0.60999999999999999],[0.53000000000000003],[0.51000000000000001],[0.47999999999999998],[0.47999999999999998],[0.46000000000000002],[0.46000000000000002],[0.44],[0.41999999999999998],[0.46000000000000002],[0.46999999999999997],[0.45000000000000001],[0.44]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Dec-22	Transactions, Mar-23	Other changes, Mar-23	Amounts outstanding, Mar-23
Central bank	665.6	-6.0	17.2	676.7
Authorised deposit taking institutions	5,237.2	-110.9	37.1	5,163.4
Other broad money institutions	197.7	6.5	0.6	204.8
Pension funds	2,810.3	26.4	77.0	2,913.7
Life insurance corporations	178.0	-2.4	4.7	180.2
Non-life insurance corporations	274.0	2.0	4.6	280.6
Money market investment funds	28.1	1.2	0.0	29.3
Non-money market investment funds	1,128.4	15.3	19.4	1,163.1
Central borrowing authorities	628.7	19.1	0.7	648.4
Securitisers	796.1	-38.9	-0.3	756.8
Other financial corporations	113.6	-43.1	42.0	112.5

Financial corporations' liabilities, $b
	Amounts outstanding, Dec-22	Transactions, Mar-23	Other changes, Mar-23	Amounts outstanding, Mar-23
Central bank	665.7	-1.4	13.2	677.5
Authorised deposit taking institutions	5,349.3	-110.5	15.9	5,254.7
Other broad money institutions	156.2	1.5	1.6	159.3
Pension funds	3,041.8	24.2	78.8	3,144.8
Life insurance corporations	169.6	-2.1	4.9	172.4
Non-life insurance corporations	289.8	4.5	4.3	298.6
Money market investment funds	28.1	1.0	0.2	29.3
Non-money market investment funds	1,256.2	1.0	42.1	1,299.3
Central borrowing authorities	604.5	17.2	4.8	626.5
Securitisers	824.0	-45.0	2.8	781.8
Other financial corporations	224.5	-40.3	34.4	218.6

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total assets		-63.1	5,285.6	-88.1	5,237.2	-110.9	5,163.4
Deposits		23.0	526.0	2.9	529.1	-11.4	518.2
Bonds		0.2	811.2	5.4	815.0	-27.3	801.7
	Securitisers	-9.6	444.2	-2.8	443.1	-38.4	407.1
	National general government	-6.4	69.6	-0.5	68.8	5.3	77.3
Loans		76.0	2,913.1	40.5	2,952.1	53.9	3,010.2
Other assets		-162.3	1,035.3	-136.8	940.9	-126.2	833.3

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total liabilities		-84.2	5,340.9	-84.9	5,349.3	-110.5	5,254.7
Deposits		58.7	3,061.4	21.1	3,076.7	11.8	3,092.4
	Other private non-fin corps	-14.6	748.9	-8.0	739.4	4.7	746.3
	Pension funds	-0.8	257.9	3.2	261.0	7.8	268.9
	Households	49.9	1,482.8	31.9	1,514.5	25.7	1,539.3
Bonds		10.4	468.7	17.2	486.9	24.1	519.6
Shares and equities		2.4	549.2	-2.9	591.2	-1.2	572.8
Other liabilities		-155.8	1,261.5	-120.4	1,194.5	-145.2	1,069.9

Financial assets of ADIs fell $73.8b, reflecting a $107.8b fall in derivatives and a $9.7b fall in exchange settlement account balances. ADIs unwound a significant amount of internal residential mortgage backed securitisation this quarter, resulting in a fall in bond assets issued by securitisers and an increase in loans to households as mortgage loans previously captured on the balance sheet of securitisers moved back onto the balance sheets of ADIs. This contributed to a $13.3b fall in ADI bond assets and a $58.1b increase in loan assets. The movement in loan assets was driven by a:

$61.0b increase in loans to households
$12.5b increase in loans to private non-financial corporations
$12.5b fall in loans to the rest of the world

Change in authorised deposit taking institutions' assets
	Total assets ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Mar-10	18.0	1.0	-8.3	5.4	-5.5	30.2	-2.4	-0.5
Jun-10	45.4	4.5	-8.4	11.0	17.8	35.6	-15.7	1.6
Sep-10	30.2	-7.2	1.8	6.4	8.4	12.8	9.5	-1.9
Dec-10	9.7	8.1	-3.4	1.4	-14.2	16.3	-1.3	0.3
Mar-11	45.9	5.9	-3.1	1.8	-4.8	53.3	-5.0	0.5
Jun-11	32.3	-3.4	-0.9	18.8	-4.0	30.0	-8.6	0.3
Sep-11	98.1	7.2	0.2	36.7	33.0	31.1	-11.8	1.4
Dec-11	-14.8	-18.8	-4.5	-5.9	-17.2	22.6	9.2	-2.6
Mar-12	13.4	-5.8	5.4	25.7	-9.4	-3.2	-0.2	2.8
Jun-12	66.0	-6.5	1.0	8.6	27.5	36.0	0.5	-0.6
Sep-12	37.4	2.1	-0.8	44.9	3.4	-25.0	10.5	2.2
Dec-12	17.9	-5.7	-0.4	9.3	-19.0	26.7	6.5	-2.4
Mar-13	28.7	1.1	-8.3	10.2	-12.4	26.5	12.0	1.0
Jun-13	79.1	-4.0	-9.6	32.0	36.3	24.6	-1.1	2.1
Sep-13	18.4	-2.2	0.4	21.2	-35.0	26.1	10.3	-2.9
Dec-13	90.0	17.9	-7.7	-4.4	31.5	36.8	8.3	5.1
Mar-14	21.2	-0.1	-9.4	26.3	-22.2	26.8	0.6	1.3
Jun-14	66.4	0.8	5.4	15.8	-3.5	46.3	0.3	1.3
Sep-14	89.0	1.7	-4.2	40.1	44.5	12.7	-5.5	0.1
Dec-14	118.0	-3.5	3.9	48.0	47.6	14.4	6.7	-1.5
Mar-15	149.0	-1.1	0.5	32.6	34.4	61.0	19.8	2.3
Jun-15	-1.1	-3.2	-6.6	-4.3	-52.3	72.6	-8.4	2.7
Sep-15	139.2	3.3	2.2	24.2	72.0	47.7	-12.0	1.5
Dec-15	-12.4	3.6	-2.7	12.5	-64.2	26.3	12.0	-1.6
Mar-16	49.3	-0.2	4.1	5.5	40.8	12.8	-15.0	2.1
Jun-16	76.4	-0.3	-13.9	27.7	25.8	36.7	-1.5	3.0
Sep-16	5.3	-0.7	-6.8	12.7	-36.8	31.2	5.9	-0.7
Dec-16	67.5	1.1	2.1	-7.0	0.4	65.8	7.0	-3.7
Mar-17	-27.1	3.4	-4.9	11.6	-49.7	6.4	4.8	2.6
Jun-17	56.3	0.6	-4.0	-38.7	11.5	92.0	-9.8	5.3
Sep-17	-19.1	-1.9	-0.4	-18.3	-18.3	19.2	2.7	-2.3
Dec-17	20.5	-1.8	-6.5	12.9	12.0	3.1	5.4	-5.9
Mar-18	80.9	11.0	3.3	2.9	18.8	51.7	-10.2	4.3
Jun-18	37.6	-0.6	0.4	-8.7	15.1	29.6	4.7	-1.8
Sep-18	-4.7	2.7	-13.8	3.3	-17.4	18.9	0.2	0.7
Dec-18	58.2	-0.5	5.6	2.9	28.7	28.7	-10.5	1.4
Mar-19	33.8	0.5	-2.2	16.6	7.6	-1.4	8.3	4.7
Jun-19	65.3	1.7	-5.1	22.6	56.3	-12.2	2.5	-0.3
Sep-19	109.8	3.1	-3.8	17.1	55.5	29.8	9.4	-0.8
Dec-19	-38.6	2.7	4.4	-19.1	-52.7	21.8	5.1	-1.9
Mar-20	464.7	78.1	8.1	222.7	251.9	-74.2	-42.4	19.3
Jun-20	-186.8	-24.6	7.3	128.6	-115.6	-155.6	-21.5	-3.2
Sep-20	-70.3	-21.3	-14.3	-30.1	-40.3	16.8	-1.4	20.2
Dec-20	30.1	48.3	-1.6	-78.4	23.4	26.8	17.3	-6.6
Mar-21	5.1	98.7	-15.3	-91.4	-83.6	54.5	35.7	7.3
Jun-21	33.7	133.0	2.3	-135.3	-25.4	29.9	11.6	18.6
Sep-21	126.3	55.1	-4.5	14.1	-9.9	64.9	5.8	0.9
Dec-21	113.2	34.2	9.2	0	-2.8	85.1	3.6	-17.1
Mar-22	153.8	14.8	0.2	62.2	81.1	-13.5	3.4	5.9
Jun-22	314.8	-14.5	15.4	38.3	172.2	112.0	-9.0	0.3
Sep-22	239.9	23.3	6.6	-2.9	151.5	81.5	-15.0	-4.7
Dec-22	-48.4	3.1	0.4	3.9	-105.1	39.1	11.9	-2.4
Mar-23	-73.8	-11.0	-4.0	-13.3	-107.8	58.1	-0.6	4.6

Change in authorised deposit taking institutions' assets

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

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[18],[45.399999999999999],[30.199999999999999],[9.6999999999999993],[45.899999999999999],[32.299999999999997],[98.099999999999994],[-14.800000000000001],[13.4],[66],[37.399999999999999],[17.899999999999999],[28.699999999999999],[79.099999999999994],[18.399999999999999],[90],[21.199999999999999],[66.400000000000006],[89],[118],[149],[-1.1000000000000001],[139.19999999999999],[-12.4],[49.299999999999997],[76.400000000000006],[5.2999999999999998],[67.5],[-27.100000000000001],[56.299999999999997],[-19.100000000000001],[20.5],[80.900000000000006],[37.600000000000001],[-4.7000000000000002],[58.200000000000003],[33.799999999999997],[65.299999999999997],[109.8],[-38.600000000000001],[464.69999999999999],[-186.80000000000001],[-70.299999999999997],[30.100000000000001],[5.0999999999999996],[33.700000000000003],[126.3],[113.2],[153.80000000000001],[314.80000000000001],[239.90000000000001],[-48.399999999999999],[-73.799999999999997]],[[1],[4.5],[-7.2000000000000002],[8.0999999999999996],[5.9000000000000004],[-3.3999999999999999],[7.2000000000000002],[-18.800000000000001],[-5.7999999999999998],[-6.5],[2.1000000000000001],[-5.7000000000000002],[1.1000000000000001],[-4],[-2.2000000000000002],[17.899999999999999],[-0.10000000000000001],[0.80000000000000004],[1.7],[-3.5],[-1.1000000000000001],[-3.2000000000000002],[3.2999999999999998],[3.6000000000000001],[-0.20000000000000001],[-0.29999999999999999],[-0.69999999999999996],[1.1000000000000001],[3.3999999999999999],[0.59999999999999998],[-1.8999999999999999],[-1.8],[11],[-0.59999999999999998],[2.7000000000000002],[-0.5],[0.5],[1.7],[3.1000000000000001],[2.7000000000000002],[78.099999999999994],[-24.600000000000001],[-21.300000000000001],[48.299999999999997],[98.700000000000003],[133],[55.100000000000001],[34.200000000000003],[14.800000000000001],[-14.5],[23.300000000000001],[3.1000000000000001],[-11]],[[-8.3000000000000007],[-8.4000000000000004],[1.8],[-3.3999999999999999],[-3.1000000000000001],[-0.90000000000000002],[0.20000000000000001],[-4.5],[5.4000000000000004],[1],[-0.80000000000000004],[-0.40000000000000002],[-8.3000000000000007],[-9.5999999999999996],[0.40000000000000002],[-7.7000000000000002],[-9.4000000000000004],[5.4000000000000004],[-4.2000000000000002],[3.8999999999999999],[0.5],[-6.5999999999999996],[2.2000000000000002],[-2.7000000000000002],[4.0999999999999996],[-13.9],[-6.7999999999999998],[2.1000000000000001],[-4.9000000000000004],[-4],[-0.40000000000000002],[-6.5],[3.2999999999999998],[0.40000000000000002],[-13.800000000000001],[5.5999999999999996],[-2.2000000000000002],[-5.0999999999999996],[-3.7999999999999998],[4.4000000000000004],[8.0999999999999996],[7.2999999999999998],[-14.300000000000001],[-1.6000000000000001],[-15.300000000000001],[2.2999999999999998],[-4.5],[9.1999999999999993],[0.20000000000000001],[15.4],[6.5999999999999996],[0.40000000000000002],[-4]],[[5.4000000000000004],[11],[6.4000000000000004],[1.3999999999999999],[1.8],[18.800000000000001],[36.700000000000003],[-5.9000000000000004],[25.699999999999999],[8.5999999999999996],[44.899999999999999],[9.3000000000000007],[10.199999999999999],[32],[21.199999999999999],[-4.4000000000000004],[26.300000000000001],[15.800000000000001],[40.100000000000001],[48],[32.600000000000001],[-4.2999999999999998],[24.199999999999999],[12.5],[5.5],[27.699999999999999],[12.699999999999999],[-7],[11.6],[-38.700000000000003],[-18.300000000000001],[12.9],[2.8999999999999999],[-8.6999999999999993],[3.2999999999999998],[2.8999999999999999],[16.600000000000001],[22.600000000000001],[17.100000000000001],[-19.100000000000001],[222.69999999999999],[128.59999999999999],[-30.100000000000001],[-78.400000000000006],[-91.400000000000006],[-135.30000000000001],[14.1],[0],[62.200000000000003],[38.299999999999997],[-2.8999999999999999],[3.8999999999999999],[-13.300000000000001]],[[-5.5],[17.800000000000001],[8.4000000000000004],[-14.199999999999999],[-4.7999999999999998],[-4],[33],[-17.199999999999999],[-9.4000000000000004],[27.5],[3.3999999999999999],[-19],[-12.4],[36.299999999999997],[-35],[31.5],[-22.199999999999999],[-3.5],[44.5],[47.600000000000001],[34.399999999999999],[-52.299999999999997],[72],[-64.200000000000003],[40.799999999999997],[25.800000000000001],[-36.799999999999997],[0.40000000000000002],[-49.700000000000003],[11.5],[-18.300000000000001],[12],[18.800000000000001],[15.1],[-17.399999999999999],[28.699999999999999],[7.5999999999999996],[56.299999999999997],[55.5],[-52.700000000000003],[251.90000000000001],[-115.59999999999999],[-40.299999999999997],[23.399999999999999],[-83.599999999999994],[-25.399999999999999],[-9.9000000000000004],[-2.7999999999999998],[81.099999999999994],[172.19999999999999],[151.5],[-105.09999999999999],[-107.8]],[[30.199999999999999],[35.600000000000001],[12.800000000000001],[16.300000000000001],[53.299999999999997],[30],[31.100000000000001],[22.600000000000001],[-3.2000000000000002],[36],[-25],[26.699999999999999],[26.5],[24.600000000000001],[26.100000000000001],[36.799999999999997],[26.800000000000001],[46.299999999999997],[12.699999999999999],[14.4],[61],[72.599999999999994],[47.700000000000003],[26.300000000000001],[12.800000000000001],[36.700000000000003],[31.199999999999999],[65.799999999999997],[6.4000000000000004],[92],[19.199999999999999],[3.1000000000000001],[51.700000000000003],[29.600000000000001],[18.899999999999999],[28.699999999999999],[-1.3999999999999999],[-12.199999999999999],[29.800000000000001],[21.800000000000001],[-74.200000000000003],[-155.59999999999999],[16.800000000000001],[26.800000000000001],[54.5],[29.899999999999999],[64.900000000000006],[85.099999999999994],[-13.5],[112],[81.5],[39.100000000000001],[58.100000000000001]],[[-2.3999999999999999],[-15.699999999999999],[9.5],[-1.3],[-5],[-8.5999999999999996],[-11.800000000000001],[9.1999999999999993],[-0.20000000000000001],[0.5],[10.5],[6.5],[12],[-1.1000000000000001],[10.300000000000001],[8.3000000000000007],[0.59999999999999998],[0.29999999999999999],[-5.5],[6.7000000000000002],[19.800000000000001],[-8.4000000000000004],[-12],[12],[-15],[-1.5],[5.9000000000000004],[7],[4.7999999999999998],[-9.8000000000000007],[2.7000000000000002],[5.4000000000000004],[-10.199999999999999],[4.7000000000000002],[0.20000000000000001],[-10.5],[8.3000000000000007],[2.5],[9.4000000000000004],[5.0999999999999996],[-42.399999999999999],[-21.5],[-1.3999999999999999],[17.300000000000001],[35.700000000000003],[11.6],[5.7999999999999998],[3.6000000000000001],[3.3999999999999999],[-9],[-15],[11.9],[-0.59999999999999998]],[[-0.5],[1.6000000000000001],[-1.8999999999999999],[0.29999999999999999],[0.5],[0.29999999999999999],[1.3999999999999999],[-2.6000000000000001],[2.7999999999999998],[-0.59999999999999998],[2.2000000000000002],[-2.3999999999999999],[1],[2.1000000000000001],[-2.8999999999999999],[5.0999999999999996],[1.3],[1.3],[0.10000000000000001],[-1.5],[2.2999999999999998],[2.7000000000000002],[1.5],[-1.6000000000000001],[2.1000000000000001],[3],[-0.69999999999999996],[-3.7000000000000002],[2.6000000000000001],[5.2999999999999998],[-2.2999999999999998],[-5.9000000000000004],[4.2999999999999998],[-1.8],[0.69999999999999996],[1.3999999999999999],[4.7000000000000002],[-0.29999999999999999],[-0.80000000000000004],[-1.8999999999999999],[19.300000000000001],[-3.2000000000000002],[20.199999999999999],[-6.5999999999999996],[7.2999999999999998],[18.600000000000001],[0.90000000000000002],[-17.100000000000001],[5.9000000000000004],[0.29999999999999999],[-4.7000000000000002],[-2.3999999999999999],[4.5999999999999996]]]

[]

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Liabilities of ADIs fell $94.6b. Falls in derivatives and equity were offset by a:

$21.0b increase in debt securities
$15.7b increase in deposits

ADIs' funding from debt securities (transactions) grew $10.8b, with a:

record $17.1b increase in bonds issued in Australia
$7.1b increase in bonds issued offshore
$5.1b increase in one name paper issued in Australia
offset by an $18.4b fall in one name paper issued offshore

The continued strong debt security issuance this quarter reflects ADIs returning to traditional pre-COVID-19 pandemic funding avenues, in preparation for the maturity of funds drawn under the initial allowance of the Term Funding Facility.

Change in authorised deposit taking institutions' liabilities
	Total liabilities ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Mar-10	24.2	14	-3.6	2.3	8.7	-14.9	18.5	-0.9
Jun-10	6.9	40.4	3.2	13.1	8.7	-4.9	-53.5	-0.1
Sep-10	35	49.2	-29.4	-13	17.7	-13.1	23.8	-0.2
Dec-10	-2.1	26.6	11	-18.4	-17	1.9	-5	-1.3
Mar-11	37.3	38.5	6	-5.9	-6.2	-2.8	6.6	0.9
Jun-11	-0.7	23.8	-5.6	-4.2	-5.2	5.4	-14.8	-0.1
Sep-11	74.4	63	8	24	3.5	6.5	-31	0.3
Dec-11	-18.1	-1.3	3.9	-22.7	4.2	-14.4	13	-0.8
Mar-12	27.3	2.3	6.3	4	-8.8	2.7	19.4	1.5
Jun-12	56.9	52.5	-5	-2.7	22.6	-5.1	-5.1	-0.3
Sep-12	61	47.9	-20.6	6.3	-4.8	0.4	30.6	1.2
Dec-12	30.7	31.7	9.5	-16.4	-10.5	-3.3	19.1	0.7
Mar-13	43.1	1.2	6.6	-10	-5.8	0.7	50	0.5
Jun-13	92.6	14.1	31	14.2	31.9	1.7	-3.8	3.4
Sep-13	55	50.7	-17.9	6	-18.1	0.5	33	0.8
Dec-13	100.2	40.5	1.8	14.9	17.1	4.9	21.6	-0.7
Mar-14	36.7	15.4	13.7	-5.1	-3.8	0.6	13.4	2.6
Jun-14	59.1	34.4	18.3	2.7	1.3	1.2	0.7	0.6
Sep-14	70.9	37.3	-5.8	15.7	37.7	9	-22.3	-0.7
Dec-14	146.1	37.9	20.1	18.3	44.1	-6.7	31.4	1.1
Mar-15	176.2	42.5	11.2	11.1	40.2	1.1	65.7	4.2
Jun-15	-72.8	7.6	9.6	10.2	-55.8	2.9	-49.2	1.8
Sep-15	111.7	65.9	-2.4	29.1	52.1	7	-39.6	-0.4
Dec-15	52	22.9	5.8	0.8	-32	5.3	49.2	-0.1
Mar-16	-8.8	9.8	-18.7	0.1	55.5	0.9	-58.4	2.1
Jun-16	77.2	50.5	0.1	13.5	14.1	-2	-0.7	1.7
Sep-16	1.8	42.5	-11.2	-12.5	-33.7	-4.1	20.5	0.4
Dec-16	119.3	67.8	14.1	-7.2	-4.5	3.7	48.5	-3.2
Mar-17	-23.7	1.4	1.1	-15.6	-32.9	-3.7	26.8	-0.8
Jun-17	35.2	34.6	17.1	3.2	11.9	4.8	-38.7	2.3
Sep-17	-15.9	0.3	11.4	0.6	-28	-3.1	2.5	0.5
Dec-17	45.5	33.7	-13.3	6.3	11.5	6.6	4.8	-4.2
Mar-18	35.5	10.2	11.3	25.7	6.6	4.6	-29.3	6.4
Jun-18	54.1	13.7	3.4	8.8	18.7	-0.3	13.6	-3.6
Sep-18	12.5	32.8	-29.3	14.5	-9.1	5	-6	4.6
Dec-18	10.3	1.8	22.6	4.6	20.6	-1.3	-33.2	-4.8
Mar-19	41.5	7.9	-1.5	-9.3	13.9	12.2	12.5	5.8
Jun-19	124.5	23.1	-24.3	12.5	58.6	8.9	39.9	5.9
Sep-19	121.2	52.5	-6.3	6.4	52.7	8.4	12.5	-5.1
Dec-19	-89.4	1.7	22.4	-27.3	-38.3	-1	-41.2	-5.7
Mar-20	327.5	164.7	-15	45.9	205.9	37.2	-131.1	19.9
Jun-20	-99.9	24.9	-23.8	-49.1	-70	-20.3	44.7	-6.3
Sep-20	-74	68.6	-27.1	-28.2	-54.9	-12.8	-20.2	0.6
Dec-20	102.2	-11.2	16.9	-14.8	35.8	-1.4	85	-8.1
Mar-21	0.7	50.5	17.5	-28.8	-99.6	-4.9	60.2	5.7
Jun-21	55.2	44.6	6.1	5.4	-29.7	-0.9	32.1	-2.4
Sep-21	131.8	92.7	22.2	-8.6	-11.9	1.7	25.2	10.4
Dec-21	102.5	74.9	48.2	-0.7	1.3	9.7	-16.9	-14
Mar-22	161	43.7	-12.2	-1.6	95.3	3.3	22.5	9.9
Jun-22	205.9	81	32.9	20.3	152.6	11.2	-93.3	1.2
Sep-22	236.9	68.2	-3.2	6.7	151.8	5.2	11.1	-2.9
Dec-22	8.4	15.3	21.1	18.2	-73.6	-7.4	42	-7.2
Mar-23	-94.6	15.7	-11.5	32.7	-126	2.4	-18.4	10.5

Change in authorised deposit taking institutions' liabilities

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

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[24.199999999999999],[6.9000000000000004],[35],[-2.1000000000000001],[37.299999999999997],[-0.69999999999999996],[74.400000000000006],[-18.100000000000001],[27.300000000000001],[56.899999999999999],[61],[30.699999999999999],[43.100000000000001],[92.599999999999994],[55],[100.2],[36.700000000000003],[59.100000000000001],[70.900000000000006],[146.09999999999999],[176.19999999999999],[-72.799999999999997],[111.7],[52],[-8.8000000000000007],[77.200000000000003],[1.8],[119.3],[-23.699999999999999],[35.200000000000003],[-15.9],[45.5],[35.5],[54.100000000000001],[12.5],[10.300000000000001],[41.5],[124.5],[121.2],[-89.400000000000006],[327.5],[-99.900000000000006],[-74],[102.2],[0.69999999999999996],[55.200000000000003],[131.80000000000001],[102.5],[161],[205.90000000000001],[236.90000000000001],[8.4000000000000004],[-94.599999999999994]],[[14],[40.399999999999999],[49.200000000000003],[26.600000000000001],[38.5],[23.800000000000001],[63],[-1.3],[2.2999999999999998],[52.5],[47.899999999999999],[31.699999999999999],[1.2],[14.1],[50.700000000000003],[40.5],[15.4],[34.399999999999999],[37.299999999999997],[37.899999999999999],[42.5],[7.5999999999999996],[65.900000000000006],[22.899999999999999],[9.8000000000000007],[50.5],[42.5],[67.799999999999997],[1.3999999999999999],[34.600000000000001],[0.29999999999999999],[33.700000000000003],[10.199999999999999],[13.699999999999999],[32.799999999999997],[1.8],[7.9000000000000004],[23.100000000000001],[52.5],[1.7],[164.69999999999999],[24.899999999999999],[68.599999999999994],[-11.199999999999999],[50.5],[44.600000000000001],[92.700000000000003],[74.900000000000006],[43.700000000000003],[81],[68.200000000000003],[15.300000000000001],[15.699999999999999]],[[-3.6000000000000001],[3.2000000000000002],[-29.399999999999999],[11],[6],[-5.5999999999999996],[8],[3.8999999999999999],[6.2999999999999998],[-5],[-20.600000000000001],[9.5],[6.5999999999999996],[31],[-17.899999999999999],[1.8],[13.699999999999999],[18.300000000000001],[-5.7999999999999998],[20.100000000000001],[11.199999999999999],[9.5999999999999996],[-2.3999999999999999],[5.7999999999999998],[-18.699999999999999],[0.10000000000000001],[-11.199999999999999],[14.1],[1.1000000000000001],[17.100000000000001],[11.4],[-13.300000000000001],[11.300000000000001],[3.3999999999999999],[-29.300000000000001],[22.600000000000001],[-1.5],[-24.300000000000001],[-6.2999999999999998],[22.399999999999999],[-15],[-23.800000000000001],[-27.100000000000001],[16.899999999999999],[17.5],[6.0999999999999996],[22.199999999999999],[48.200000000000003],[-12.199999999999999],[32.899999999999999],[-3.2000000000000002],[21.100000000000001],[-11.5]],[[2.2999999999999998],[13.1],[-13],[-18.399999999999999],[-5.9000000000000004],[-4.2000000000000002],[24],[-22.699999999999999],[4],[-2.7000000000000002],[6.2999999999999998],[-16.399999999999999],[-10],[14.199999999999999],[6],[14.9],[-5.0999999999999996],[2.7000000000000002],[15.699999999999999],[18.300000000000001],[11.1],[10.199999999999999],[29.100000000000001],[0.80000000000000004],[0.10000000000000001],[13.5],[-12.5],[-7.2000000000000002],[-15.6],[3.2000000000000002],[0.59999999999999998],[6.2999999999999998],[25.699999999999999],[8.8000000000000007],[14.5],[4.5999999999999996],[-9.3000000000000007],[12.5],[6.4000000000000004],[-27.300000000000001],[45.899999999999999],[-49.100000000000001],[-28.199999999999999],[-14.800000000000001],[-28.800000000000001],[5.4000000000000004],[-8.5999999999999996],[-0.69999999999999996],[-1.6000000000000001],[20.300000000000001],[6.7000000000000002],[18.199999999999999],[32.700000000000003]],[[8.6999999999999993],[8.6999999999999993],[17.699999999999999],[-17],[-6.2000000000000002],[-5.2000000000000002],[3.5],[4.2000000000000002],[-8.8000000000000007],[22.600000000000001],[-4.7999999999999998],[-10.5],[-5.7999999999999998],[31.899999999999999],[-18.100000000000001],[17.100000000000001],[-3.7999999999999998],[1.3],[37.700000000000003],[44.100000000000001],[40.200000000000003],[-55.799999999999997],[52.100000000000001],[-32],[55.5],[14.1],[-33.700000000000003],[-4.5],[-32.899999999999999],[11.9],[-28],[11.5],[6.5999999999999996],[18.699999999999999],[-9.0999999999999996],[20.600000000000001],[13.9],[58.600000000000001],[52.700000000000003],[-38.299999999999997],[205.90000000000001],[-70],[-54.899999999999999],[35.799999999999997],[-99.599999999999994],[-29.699999999999999],[-11.9],[1.3],[95.299999999999997],[152.59999999999999],[151.80000000000001],[-73.599999999999994],[-126]],[[-14.9],[-4.9000000000000004],[-13.1],[1.8999999999999999],[-2.7999999999999998],[5.4000000000000004],[6.5],[-14.4],[2.7000000000000002],[-5.0999999999999996],[0.40000000000000002],[-3.2999999999999998],[0.69999999999999996],[1.7],[0.5],[4.9000000000000004],[0.59999999999999998],[1.2],[9],[-6.7000000000000002],[1.1000000000000001],[2.8999999999999999],[7],[5.2999999999999998],[0.90000000000000002],[-2],[-4.0999999999999996],[3.7000000000000002],[-3.7000000000000002],[4.7999999999999998],[-3.1000000000000001],[6.5999999999999996],[4.5999999999999996],[-0.29999999999999999],[5],[-1.3],[12.199999999999999],[8.9000000000000004],[8.4000000000000004],[-1],[37.200000000000003],[-20.300000000000001],[-12.800000000000001],[-1.3999999999999999],[-4.9000000000000004],[-0.90000000000000002],[1.7],[9.6999999999999993],[3.2999999999999998],[11.199999999999999],[5.2000000000000002],[-7.4000000000000004],[2.3999999999999999]],[[18.5],[-53.5],[23.800000000000001],[-5],[6.5999999999999996],[-14.800000000000001],[-31],[13],[19.399999999999999],[-5.0999999999999996],[30.600000000000001],[19.100000000000001],[50],[-3.7999999999999998],[33],[21.600000000000001],[13.4],[0.69999999999999996],[-22.300000000000001],[31.399999999999999],[65.700000000000003],[-49.200000000000003],[-39.600000000000001],[49.200000000000003],[-58.399999999999999],[-0.69999999999999996],[20.5],[48.5],[26.800000000000001],[-38.700000000000003],[2.5],[4.7999999999999998],[-29.300000000000001],[13.6],[-6],[-33.200000000000003],[12.5],[39.899999999999999],[12.5],[-41.200000000000003],[-131.09999999999999],[44.700000000000003],[-20.199999999999999],[85],[60.200000000000003],[32.100000000000001],[25.199999999999999],[-16.899999999999999],[22.5],[-93.299999999999997],[11.1],[42],[-18.399999999999999]],[[-0.90000000000000002],[-0.10000000000000001],[-0.20000000000000001],[-1.3],[0.90000000000000002],[-0.10000000000000001],[0.29999999999999999],[-0.80000000000000004],[1.5],[-0.29999999999999999],[1.2],[0.69999999999999996],[0.5],[3.3999999999999999],[0.80000000000000004],[-0.69999999999999996],[2.6000000000000001],[0.59999999999999998],[-0.69999999999999996],[1.1000000000000001],[4.2000000000000002],[1.8],[-0.40000000000000002],[-0.10000000000000001],[2.1000000000000001],[1.7],[0.40000000000000002],[-3.2000000000000002],[-0.80000000000000004],[2.2999999999999998],[0.5],[-4.2000000000000002],[6.4000000000000004],[-3.6000000000000001],[4.5999999999999996],[-4.7999999999999998],[5.7999999999999998],[5.9000000000000004],[-5.0999999999999996],[-5.7000000000000002],[19.899999999999999],[-6.2999999999999998],[0.59999999999999998],[-8.0999999999999996],[5.7000000000000002],[-2.3999999999999999],[10.4],[-14],[9.9000000000000004],[1.2],[-2.8999999999999999],[-7.2000000000000002],[10.5]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total assets		19.2	2,714.6	12.1	2,810.3	26.4	2,913.7
Deposits		-1.2	269.6	3.6	272.8	7.6	280.6
Debt securities		8.5	194.5	2.9	194.1	5.9	209.3
Shares and equity		19.2	2,187.3	9.0	2,278.6	14.1	2,363.2
	Other private non-fin corps	9.6	402.6	0.2	428.7	2.2	446.7
	Non-money market investment funds	4.8	860.5	5.0	891.5	3.0	924.2
	Rest of world	2.8	472.3	4.4	484.2	8.2	524.7
Net equity in life offices		-0.3	14.5	-0.7	14.5	-0.7	14.5
Other assets		-7.0	48.8	-2.8	50.3	-0.5	46.0

Liabilities

Pension (superannuation) funds' selected liabilities, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total liabilities		18.3	2,947.7	13.5	3,041.8	24.2	3,144.8
Net equity in reserves		22.0	2,871.6	24.1	2,991.5	22.4	3,087.6
	Households	21.8	2,867.6	23.9	2,986.9	22.2	3,082.5
Other liabilities		-3.7	76.1	-10.6	50.4	1.8	57.2

Total financial assets of pension (superannuation) funds increased by 3.7% (103.4b), with a:

$84.6b increase in shares and other equity.
$15.7b increase in bonds
$7.8b increase in deposits

Pension funds acquired $14.1b in shares and other equity and $6.4b in bonds. Valuation gains of $70.5b on their equity assets were driven by favourable movements in equity markets domestically and overseas. Decreased bond yields drove valuation gains of $9.3b in bonds assets. Pension funds also invested $7.6b in deposits, continuing to take advantage of rising interest rates.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
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	62.5	13.5
Dec-13	1,508.7	29.2	24.6
Mar-14	1,544.3	14.9	20.8
Jun-14	1,575.8	-0.5	32.1
Sep-14	1,611.6	11.8	24.0
Dec-14	1,665.8	32.3	21.8
Mar-15	1,762.5	79.9	16.8
Jun-15	1,745	-52.6	35.1
Sep-15	1,719	-45.4	19.4
Dec-15	1,775.1	39.6	16.5
Mar-16	1,748.7	-33.8	7.4
Jun-16	1,821.6	42.6	30.3
Sep-16	1,895.5	61.4	12.5
Dec-16	1,947.7	32.9	19.4
Mar-17	2,001.8	35.0	19.0
Jun-17	2,050.6	9.4	39.5
Sep-17	2,064.4	2.9	10.9
Dec-17	2,158.1	72.9	20.9
Mar-18	2,143.7	-29.5	15.1
Jun-18	2,217.9	50.4	23.8
Sep-18	2,263.3	33.0	12.4
Dec-18	2,150.2	-127.6	14.6
Mar-19	2,281.1	116.3	14.7
Jun-19	2,382.9	74.7	27.1
Sep-19	2,444.6	48.8	12.9
Dec-19	2,498.6	30.0	23.9
Mar-20	2,242.1	-270.1	13.6
Jun-20	2,382.6	131.3	9.2
Sep-20	2,414	24.9	6.6
Dec-20	2,576.7	145.5	17.2
Mar-21	2,645.7	49.7	19.3
Jun-21	2,805.6	124.4	35.6
Sep-21	2,859.6	37.7	16.2
Dec-21	2,933.7	58.0	16.1
Mar-22	2,878.5	-73.9	18.7
Jun-22	2,705.5	-201.7	28.7
Sep-22	2,714.6	-10.1	19.2
Dec-22	2,810.3	83.5	12.1
Mar-23	2,913.7	77.0	26.4

Pension funds' financial assets

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

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[1165],[1103.9000000000001],[1146.3],[1190.9000000000001],[1218.2],[1209],[1136.8],[1146.5999999999999],[1207.0999999999999],[1202.4000000000001],[1247.2],[1298.2],[1361.0999999999999],[1378.8],[1454.8],[1508.7],[1544.3],[1575.8],[1611.5999999999999],[1665.8],[1762.5],[1745],[1719],[1775.0999999999999],[1748.7],[1821.5999999999999],[1895.5],[1947.7],[2001.8],[2050.5999999999999],[2064.4000000000001],[2158.0999999999999],[2143.6999999999998],[2217.9000000000001],[2263.3000000000002],[2150.1999999999998],[2281.0999999999999],[2382.9000000000001],[2444.5999999999999],[2498.5999999999999],[2242.0999999999999],[2382.5999999999999],[2414],[2576.6999999999998],[2645.6999999999998],[2805.5999999999999],[2859.5999999999999],[2933.6999999999998],[2878.5],[2705.5],[2714.5999999999999],[2810.3000000000002],[2913.6999999999998]],[[8.4000000000000004],[-77.200000000000003],[33.200000000000003],[29.300000000000001],[10.1],[-34.799999999999997],[-83.400000000000006],[-3.2999999999999998],[41.799999999999997],[-37.700000000000003],[30.699999999999999],[34.200000000000003],[43.799999999999997],[-20.600000000000001],[62.5],[29.199999999999999],[14.9],[-0.5],[11.800000000000001],[32.299999999999997],[79.900000000000006],[-52.600000000000001],[-45.399999999999999],[39.600000000000001],[-33.799999999999997],[42.600000000000001],[61.399999999999999],[32.899999999999999],[35],[9.4000000000000004],[2.8999999999999999],[72.900000000000006],[-29.5],[50.399999999999999],[33],[-127.59999999999999],[116.3],[74.700000000000003],[48.799999999999997],[30],[-270.10000000000002],[131.30000000000001],[24.899999999999999],[145.5],[49.700000000000003],[124.40000000000001],[37.700000000000003],[58],[-73.900000000000006],[-201.69999999999999],[-10.1],[83.5],[77]],[[17.5],[16.100000000000001],[9.0999999999999996],[15.4],[17.100000000000001],[25.699999999999999],[11.1],[13.1],[18.699999999999999],[33.100000000000001],[14.1],[16.699999999999999],[19.100000000000001],[38.200000000000003],[13.5],[24.600000000000001],[20.800000000000001],[32.100000000000001],[24],[21.800000000000001],[16.800000000000001],[35.100000000000001],[19.399999999999999],[16.5],[7.4000000000000004],[30.300000000000001],[12.5],[19.399999999999999],[19],[39.5],[10.9],[20.899999999999999],[15.1],[23.800000000000001],[12.4],[14.6],[14.699999999999999],[27.100000000000001],[12.9],[23.899999999999999],[13.6],[9.1999999999999993],[6.5999999999999996],[17.199999999999999],[19.300000000000001],[35.600000000000001],[16.199999999999999],[16.100000000000001],[18.699999999999999],[28.699999999999999],[19.199999999999999],[12.1],[26.399999999999999]]]

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Government

National general government financial assets

National general government selected financial assets, $b
		Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23
Total assets		-24.5	659.8	-5.4	649.8	20.1	689.5
Deposits		-22.5	112.7	-7.4	103.3	15.7	119.0
	Central bank	-23.3	78.7	-6.2	72.5	14.8	87.3
	Authorised deposit taking institutions	1.1	26.2	-2.1	24.1	0.5	24.6
One name paper		0.8	36.8	-0.5	36.4	-4.2	32.5
Shares and equity		0.6	176.4	1.2	175.6	4.7	197.6
Other assets		-3.4	333.9	1.4	334.5	3.9	340.5

National general government liabilities

National general government selected liabilities, $b
		Transactions, Sep-22	Amounts Outstanding, Sep-22	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23
Total liabilities		-3.9	1,268.1	-2.9	1,259.5	13.6	1,311.3
One name paper		-1.3	28.7	-0.2	28.5	1.9	30.4
Bonds		-7.2	818.7	2.4	816.6	11.3	865.7
	Central bank	-4.7	266.4	-2.1	262.8	-0.4	274.8
	Authorised deposit taking institutions	-6.4	69.6	-0.5	68.8	5.3	77.3
	Rest of world	4.9	378.1	10.8	386.3	2.1	407.8
Other liabilities		4.6	420.7	-5.1	414.4	0.4	415.2

State and local general government financial assets

State and local general government selected financial assets, $b
		Transactions, Sep-22	Amounts Outstanding, Sep-22	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23
Total assets		8.5	683.4	-7.9	680.9	5.7	681.1
Deposits		15.9	107.1	-6.3	100.8	2.9	103.7
Loans and placements		0.6	68.7	-0.5	68.1	1.4	69.6
Shares and equity		-7.5	478.4	-1.1	482.6	0.7	477.5
	Other private non-fin corps	1.7	39.8	-0.3	40.1	0.1	40.5
Other assets		-0.5	29.2	0.0	29.4	0.7	30.3

State and local general government liabilities

State and local general government selected liabilities, $b
		Transactions, Sep-22	Amounts Outstanding, Sep-22	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23
Total liabilities		21.4	575.1	10.2	583.1	6.6	593.6
Loans and placements		19.7	373.5	8.2	381.8	5.9	387.7
	Central borrowing authorities	16.4	342.4	11.9	354.3	6.4	360.7
Unfunded superannuation claims		0.8	116.1	0.7	114.4	0.7	118.8
Other liabilities		0.8	85.5	1.4	86.9	0.0	87.1

General government

General government (national, and state and local) had a net financial investment position of $5.6b. This is the first positive position since March quarter 2017, and was driven by the Commonwealth government, who had a net financial position of $6.4b.

This was mainly driven by a:

$15.7b increase in deposit assets
offset by an $11.3b increase in bond liabilities

The total value of treasury bonds outstanding ($865.7b) increased following 5 consecutive quarters of falls, as bond yields reversed their upwards trajectory causing positive valuation impacts.

The rise in deposits was largely attributable to deposits with the central bank. The strength this quarter reflects higher income tax receipts and the need to fund a bond line maturity in April.

State and local government had a net financial position of -$0.9b this quarter. Loan liabilities of state and local governments continued to grow, although at a softer rate than in mid-2022 (up $6.0b).

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Mar-10	-13.8	2.8	-1.8	-10.8	-3.5	-0.5
Jun-10	-11.2	6.0	-2.3	-16.1	-1.2	2.5
Sep-10	-25.1	-5.8	-8.7	-6.5	-5.5	1.4
Dec-10	-15.2	-2.5	0.2	-11.6	4.9	-6.2
Mar-11	-17.3	2.0	0.3	-12.5	-4.5	-2.6
Jun-11	-20.2	8.0	1.2	-10.4	-7.6	-11.3
Sep-11	-30.5	-3.5	-0.3	-21.4	-13.9	8.5
Dec-11	-14.7	11.3	0.9	-22.0	-2.1	-2.9
Mar-12	-11.2	3.4	-1.7	-13.9	1.7	-0.8
Jun-12	-32.2	-7.4	1.4	-4.9	-7.3	-14.0
Sep-12	-26.2	9.3	-3.5	-15.2	-17.4	0.6
Dec-12	-11.1	2.9	-5.3	-10.8	7.5	-5.4
Mar-13	-17.3	0.5	1.8	-13.3	-3.7	-2.5
Jun-13	-11.3	1.0	14.3	-8.7	3.5	-21.4
Sep-13	-21.1	6.0	-1.5	-24.7	-12.2	11.3
Dec-13	-9.0	5.6	-0.4	-16.4	1.8	0.4
Mar-14	-11.7	13.5	8.6	-27.8	-3.3	-2.8
Jun-14	-12.2	-8.4	-3.3	-4.6	-1.2	5.3
Sep-14	-18.7	6.5	-1.7	-18.4	-4.2	-0.9
Dec-14	-13.8	0.4	-1.1	-10.9	-0.4	-1.8
Mar-15	-4.8	12.2	3.5	-16.0	-1.2	-3.4
Jun-15	-4.4	-5.1	-0.2	-7.2	5.8	2.3
Sep-15	-16.3	1.9	-1.9	-26.2	-2.7	12.5
Dec-15	-5.4	-7.0	5.8	-7.6	8.5	-5.1
Mar-16	-10.3	9.3	1.7	-22.1	0	0.8
Jun-16	-7.9	1.1	0.5	-4.8	-2.3	-2.4
Sep-16	-21.8	-3.1	3.7	-24.0	-0.3	1.9
Dec-16	-19.4	11.5	0.8	-23.7	9.4	-17.3
Mar-17	2.3	7.9	0.5	-20.7	2.3	12.2
Jun-17	-12.3	15.7	6.9	-19.8	0.1	-15.2
Sep-17	-17.8	-24.2	0.5	-0.9	-3.0	9.8
Dec-17	-3.0	8.6	-5.6	-14.7	1.3	7.4
Mar-18	-0.3	-1.0	-2.2	-5.1	2.3	5.7
Jun-18	-0.4	5.0	6.2	-11.3	6.2	-6.6
Sep-18	-17.1	-3.3	-0.3	-1.6	-1.8	-10.1
Dec-18	-9.3	-18.2	2.0	-2.3	-3.1	12.3
Mar-19	-0.7	-1.4	1.6	3.7	0.4	-5.1
Jun-19	-10.9	6.6	0.1	-10.5	-2.5	-4.7
Sep-19	-24.2	0.3	-1.3	-13.7	-8.5	-1.0
Dec-19	-15.4	-7.7	-4.0	0.9	-6.4	1.8
Mar-20	-15.6	21.2	-16.3	-15.6	-12.9	8.1
Jun-20	-91.2	46.9	-25.8	-71.0	-26.5	-14.8
Sep-20	-116.1	42.4	0.1	-117.2	-31.1	-10.4
Dec-20	-50.6	-32.3	16.5	-23.0	-21.9	10.2
Mar-21	-20.2	-15.0	14.0	-21.9	-0.6	3.3
Jun-21	-17.0	1.1	4.6	-5.7	1.1	-18.2
Sep-21	-48.1	10.1	0	-23.9	-27.0	-7.4
Dec-21	-28.8	9.0	-5.2	-8.4	-5.8	-18.4
Mar-22	-4.5	3.5	3.5	-18.3	1.2	5.5
Jun-22	-15.2	34.3	-8.6	-26.0	-13.0	-1.8
Sep-22	-33.5	-6.6	1.3	5.4	-20.2	-13.4
Dec-22	-20.6	-13.8	-0.5	-3.7	-8.3	5.7
Mar-23	5.6	18.6	-5.0	-11.4	-3.2	6.5

General government's change in financial position

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

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[-13.800000000000001],[-11.199999999999999],[-25.100000000000001],[-15.199999999999999],[-17.300000000000001],[-20.199999999999999],[-30.5],[-14.699999999999999],[-11.199999999999999],[-32.200000000000003],[-26.199999999999999],[-11.1],[-17.300000000000001],[-11.300000000000001],[-21.100000000000001],[-9],[-11.699999999999999],[-12.199999999999999],[-18.699999999999999],[-13.800000000000001],[-4.7999999999999998],[-4.4000000000000004],[-16.300000000000001],[-5.4000000000000004],[-10.300000000000001],[-7.9000000000000004],[-21.800000000000001],[-19.399999999999999],[2.2999999999999998],[-12.300000000000001],[-17.800000000000001],[-3],[-0.29999999999999999],[-0.40000000000000002],[-17.100000000000001],[-9.3000000000000007],[-0.69999999999999996],[-10.9],[-24.199999999999999],[-15.4],[-15.6],[-91.200000000000003],[-116.09999999999999],[-50.600000000000001],[-20.199999999999999],[-17],[-48.100000000000001],[-28.800000000000001],[-4.5],[-15.199999999999999],[-33.5],[-20.600000000000001],[5.5999999999999996]],[[2.7999999999999998],[6],[-5.7999999999999998],[-2.5],[2],[8],[-3.5],[11.300000000000001],[3.3999999999999999],[-7.4000000000000004],[9.3000000000000007],[2.8999999999999999],[0.5],[1],[6],[5.5999999999999996],[13.5],[-8.4000000000000004],[6.5],[0.40000000000000002],[12.199999999999999],[-5.0999999999999996],[1.8999999999999999],[-7],[9.3000000000000007],[1.1000000000000001],[-3.1000000000000001],[11.5],[7.9000000000000004],[15.699999999999999],[-24.199999999999999],[8.5999999999999996],[-1],[5],[-3.2999999999999998],[-18.199999999999999],[-1.3999999999999999],[6.5999999999999996],[0.29999999999999999],[-7.7000000000000002],[21.199999999999999],[46.899999999999999],[42.399999999999999],[-32.299999999999997],[-15],[1.1000000000000001],[10.1],[9],[3.5],[34.299999999999997],[-6.5999999999999996],[-13.800000000000001],[18.600000000000001]],[[-1.8],[-2.2999999999999998],[-8.6999999999999993],[0.20000000000000001],[0.29999999999999999],[1.2],[-0.29999999999999999],[0.90000000000000002],[-1.7],[1.3999999999999999],[-3.5],[-5.2999999999999998],[1.8],[14.300000000000001],[-1.5],[-0.40000000000000002],[8.5999999999999996],[-3.2999999999999998],[-1.7],[-1.1000000000000001],[3.5],[-0.20000000000000001],[-1.8999999999999999],[5.7999999999999998],[1.7],[0.5],[3.7000000000000002],[0.80000000000000004],[0.5],[6.9000000000000004],[0.5],[-5.5999999999999996],[-2.2000000000000002],[6.2000000000000002],[-0.29999999999999999],[2],[1.6000000000000001],[0.10000000000000001],[-1.3],[-4],[-16.300000000000001],[-25.800000000000001],[0.10000000000000001],[16.5],[14],[4.5999999999999996],[0],[-5.2000000000000002],[3.5],[-8.5999999999999996],[1.3],[-0.5],[-5]],[[-10.800000000000001],[-16.100000000000001],[-6.5],[-11.6],[-12.5],[-10.4],[-21.399999999999999],[-22],[-13.9],[-4.9000000000000004],[-15.199999999999999],[-10.800000000000001],[-13.300000000000001],[-8.6999999999999993],[-24.699999999999999],[-16.399999999999999],[-27.800000000000001],[-4.5999999999999996],[-18.399999999999999],[-10.9],[-16],[-7.2000000000000002],[-26.199999999999999],[-7.5999999999999996],[-22.100000000000001],[-4.7999999999999998],[-24],[-23.699999999999999],[-20.699999999999999],[-19.800000000000001],[-0.90000000000000002],[-14.699999999999999],[-5.0999999999999996],[-11.300000000000001],[-1.6000000000000001],[-2.2999999999999998],[3.7000000000000002],[-10.5],[-13.699999999999999],[0.90000000000000002],[-15.6],[-71],[-117.2],[-23],[-21.899999999999999],[-5.7000000000000002],[-23.899999999999999],[-8.4000000000000004],[-18.300000000000001],[-26],[5.4000000000000004],[-3.7000000000000002],[-11.4]],[[-3.5],[-1.2],[-5.5],[4.9000000000000004],[-4.5],[-7.5999999999999996],[-13.9],[-2.1000000000000001],[1.7],[-7.2999999999999998],[-17.399999999999999],[7.5],[-3.7000000000000002],[3.5],[-12.199999999999999],[1.8],[-3.2999999999999998],[-1.2],[-4.2000000000000002],[-0.40000000000000002],[-1.2],[5.7999999999999998],[-2.7000000000000002],[8.5],[0],[-2.2999999999999998],[-0.29999999999999999],[9.4000000000000004],[2.2999999999999998],[0.10000000000000001],[-3],[1.3],[2.2999999999999998],[6.2000000000000002],[-1.8],[-3.1000000000000001],[0.40000000000000002],[-2.5],[-8.5],[-6.4000000000000004],[-12.9],[-26.5],[-31.100000000000001],[-21.899999999999999],[-0.59999999999999998],[1.1000000000000001],[-27],[-5.7999999999999998],[1.2],[-13],[-20.199999999999999],[-8.3000000000000007],[-3.2000000000000002]],[[-0.5],[2.5],[1.3999999999999999],[-6.2000000000000002],[-2.6000000000000001],[-11.300000000000001],[8.5],[-2.8999999999999999],[-0.80000000000000004],[-14],[0.59999999999999998],[-5.4000000000000004],[-2.5],[-21.399999999999999],[11.300000000000001],[0.40000000000000002],[-2.7999999999999998],[5.2999999999999998],[-0.90000000000000002],[-1.8],[-3.3999999999999999],[2.2999999999999998],[12.5],[-5.0999999999999996],[0.80000000000000004],[-2.3999999999999999],[1.8999999999999999],[-17.300000000000001],[12.199999999999999],[-15.199999999999999],[9.8000000000000007],[7.4000000000000004],[5.7000000000000002],[-6.5999999999999996],[-10.1],[12.300000000000001],[-5.0999999999999996],[-4.7000000000000002],[-1],[1.8],[8.0999999999999996],[-14.800000000000001],[-10.4],[10.199999999999999],[3.2999999999999998],[-18.199999999999999],[-7.4000000000000004],[-18.399999999999999],[5.5],[-1.8],[-13.4],[5.7000000000000002],[6.5]]]

[]

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(a) "Other" includes gold and special drawing rights, currency, bills of exchange, derivatives, shares and equity, unfunded superannuation and accounts payable/receivable.

Capital investment

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

Net lending (+) / borrowing (-)

Australia's net lending position rose $0.6b to $12.1b this quarter.

This was driven by a:

$3.4b increase in national net saving

And partially offset by a:

$3.2b increase in gross fixed capital formation

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
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	-2.9
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	-0.8
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	-0.7
Mar-80	-1.0
Jun-80	-1.8
Sep-80	-3.9
Dec-80	-3.3
Mar-81	-2.9
Jun-81	-4.2
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	-4.3
Mar-87	-4.1
Jun-87	-3.2
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	-2.9
Mar-94	-2.9
Jun-94	-4.4
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	-3.0
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	-1.7
Dec-01	-2.8
Mar-02	-2.7
Jun-02	-3.6
Sep-02	-3.9
Dec-02	-5.0
Mar-03	-5.0
Jun-03	-5.6
Sep-03	-5.3
Dec-03	-5.4
Mar-04	-5.7
Jun-04	-5.6
Sep-04	-6.6
Dec-04	-7.3
Mar-05	-6.6
Jun-05	-5.7
Sep-05	-6.0
Dec-05	-5.8
Mar-06	-5.4
Jun-06	-6.3
Sep-06	-5.8
Dec-06	-6.0
Mar-07	-6.1
Jun-07	-6.7
Sep-07	-6.9
Dec-07	-7.3
Mar-08	-6.8
Jun-08	-5.9
Sep-08	-4.0
Dec-08	-2.9
Mar-09	-1.5
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.4
Mar-10	-5.4
Jun-10	-3.0
Sep-10	-3.1
Dec-10	-3.3
Mar-11	-3.4
Jun-11	-3.1
Sep-11	-2.6
Dec-11	-3.0
Mar-12	-4.7
Jun-12	-3.7
Sep-12	-4.3
Dec-12	-4.7
Mar-13	-3.6
Jun-13	-3.5
Sep-13	-3.7
Dec-13	-2.8
Mar-14	-2.7
Jun-14	-3.1
Sep-14	-3.4
Dec-14	-3.1
Mar-15	-3.4
Jun-15	-5.1
Sep-15	-4.8
Dec-15	-5.3
Mar-16	-4.3
Jun-16	-4.2
Sep-16	-3.3
Dec-16	-1.5
Mar-17	-1.9
Jun-17	-2.4
Sep-17	-2.7
Dec-17	-3.4
Mar-18	-2.6
Jun-18	-2.8
Sep-18	-2.2
Dec-18	-1.3
Mar-19	-0.9
Jun-19	0.5
Sep-19	1.3
Dec-19	0.4
Mar-20	1.0
Jun-20	2.9
Sep-20	2.0
Dec-20	2.7
Mar-21	3.8
Jun-21	3.1
Sep-21	4.0
Dec-21	1.1
Mar-22	0.7
Jun-22	1.9
Sep-22	-0.2
Dec-22	1.8
Mar-23	1.9

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

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

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[]

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National net lending as a proportion of GDP increased this quarter driven by a rise in net savings.

Financial corporations' net lending decreased by $4.5b to $9.8b
Non-financial corporations' net lending increased by $14.9b from a net borrowing position of $9.0b to a net lending position of $6.0b
General government net borrowing increased by $1.9b to $8.4b
Households' net lending increased by $0.6b to $4.2b

Notable drivers were:

Financial corporations' net lending was driven by a decrease net savings
Non-financial corporations' net lending was driven by an increase in net savings
General government net borrowing was driven by a decrease in total net capital transfers, and an increase in gross fixed capital formation
Households' net lending was driven by a decrease in change in inventories

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-10	-9.1	6.4	-21.8	5.5
Jun-10	-6.9	13.1	-16.3	3.4
Sep-10	-9.9	10.4	-15.7	5.5
Dec-10	-11.3	9.2	-15.5	9.4
Mar-11	-17.1	8.5	-17.1	10.9
Jun-11	-19.2	13.2	-16.7	10.0
Sep-11	-14.9	11.6	-16.3	11.9
Dec-11	-17.3	11.0	-19.5	15.2
Mar-12	-24.9	12.3	-14.3	10.7
Jun-12	-21.2	10.8	-19.1	13.1
Sep-12	-23.6	12.3	-13.4	6.4
Dec-12	-28.8	11.7	-11.8	9.5
Mar-13	-22.1	9.7	-14.1	11.7
Jun-13	-26.1	10.2	-4.6	10.4
Sep-13	-21.3	9.1	-11.8	9.3
Dec-13	-22.2	9.0	-11.4	11.1
Mar-14	-20.6	9.2	-12.3	11.4
Jun-14	-22.8	8.3	-9.1	13.4
Sep-14	-23.5	8.6	-10.3	10.4
Dec-14	-20.4	6.3	-10.5	10.0
Mar-15	-22.7	7.7	-8.3	8.6
Jun-15	-22.6	5.7	-7.2	10.3
Sep-15	-25.3	7.8	-7.1	6.9
Dec-15	-25.1	9.4	-7.1	3.2
Mar-16	-21.8	8.2	-11.1	2.9
Jun-16	-20.4	9.4	-11.8	3.8
Sep-16	-17.7	9.0	-10.8	3.2
Dec-16	-10.6	7.8	-5.8	1.5
Mar-17	-9.6	5.5	-3.0	1.7
Jun-17	-10.7	8.4	-8.4	0.5
Sep-17	-15.2	8.3	-5.3	0.2
Dec-17	-15.6	6.2	-6.7	3.0
Mar-18	-15.3	8.3	-6.2	1.8
Jun-18	-20.4	7.8	-5.0	0.6
Sep-18	-15.8	6.0	-5.1	2.5
Dec-18	-14.8	6.9	-7.6	6.3
Mar-19	-10.7	7.1	-8.1	9.7
Jun-19	-5.9	7.9	-6.2	8.2
Sep-19	-6.4	5.3	-11.6	16.3
Dec-19	-8.5	5.1	-11.9	13.6
Mar-20	-3.5	3.5	-15.2	22.3
Jun-20	31.0	14.5	-99.8	71.0
Sep-20	28.3	6.6	-90.4	63.0
Dec-20	20.8	4.9	-49.3	37.9
Mar-21	11.7	3.2	-31.2	36.3
Jun-21	7.5	6.6	-18.5	27.2
Sep-21	0.2	6.7	-40.6	54.2
Dec-21	-5.7	6.1	-26.5	32.5
Mar-22	-1.6	-0.5	-16.7	26.8
Jun-22	7.5	10.3	-14.9	17.0
Sep-22	-8.3	9.5	-16.6	13.2
Dec-22	-9.0	14.3	-6.6	3.5
Mar-23	6.0	9.8	-8.4	4.2

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

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

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[]

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Capital Investment

National capital investment remained at 22.6% as a proportion of GDP in seasonally adjusted terms, while increasing 2.3% in current price seasonally adjusted terms.
Relative to GDP:

Household capital investment decreased to 7.6%
Non-financial corporations' capital investment increased to 10.6%
Financial corporations' capital investment remained at 0.5%
General government capital investment increased to 3.8%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment increased, driven by increases in public and private non-financial corporations
General government capital investment increased, driven by an increase in national general government

Gross fixed capital formation, by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-10	44.4	2.2	15.1	27.3
Jun-10	44.7	2.1	14.4	27.9
Sep-10	45.5	2.1	14.0	28.8
Dec-10	46.7	2.1	14.0	28.3
Mar-11	49.1	2.2	13.6	29.0
Jun-11	50.3	2.2	12.2	29.0
Sep-11	56.4	2.2	12.8	28.3
Dec-11	55.6	2.2	15.3	27.5
Mar-12	61.0	2.3	12.3	27.4
Jun-12	64.0	2.3	13.7	27.3
Sep-12	63.8	2.5	13.1	28.0
Dec-12	65.9	2.5	12.7	28.3
Mar-13	62.1	2.5	13.2	28.0
Jun-13	62.5	2.5	11.6	29.0
Sep-13	63.4	2.4	12.3	29.6
Dec-13	63.0	2.3	12.7	30.2
Mar-14	60.7	2.4	13.1	31.1
Jun-14	59.6	2.4	13.0	31.6
Sep-14	56.8	2.7	13.0	33.5
Dec-14	56.2	2.8	12.5	35.2
Mar-15	55.0	2.7	12.3	36.3
Jun-15	54.5	2.6	13.1	36.1
Sep-15	52.6	2.9	12.1	37.9
Dec-15	51.8	2.9	12.3	38.1
Mar-16	49.3	2.8	14.3	38.5
Jun-16	47.3	2.8	14.9	39.5
Sep-16	45.4	2.8	13.8	40.0
Dec-16	47.3	2.8	14.4	40.9
Mar-17	46.6	2.8	15.7	41.0
Jun-17	45.6	2.8	18.3	41.3
Sep-17	51.1	2.5	16.7	40.7
Dec-17	50.0	3.0	17.4	40.9
Mar-18	50.7	3.0	17.3	42.0
Jun-18	50.6	3.0	18.1	42.7
Sep-18	51.8	3.0	18.5	41.5
Dec-18	51.4	3.0	18.8	40.4
Mar-19	51.9	2.9	19.0	39.1
Jun-19	52.2	3.0	19.4	38.0
Sep-19	53.3	2.9	19.5	38.2
Dec-19	52.7	2.9	20.3	38.0
Mar-20	52.4	2.7	19.7	37.9
Jun-20	50.9	2.6	19.4	35.1
Sep-20	50.6	2.6	19.0	36.3
Dec-20	51.7	2.7	20.0	39.0
Mar-21	54.0	2.8	20.0	42.1
Jun-21	56.4	2.9	22.0	44.7
Sep-21	57.2	2.9	21.5	46.1
Dec-21	58.4	2.9	21.5	47.2
Mar-22	59.4	2.9	22.3	48.2
Jun-22	62.8	3.0	24.1	48.4
Sep-22	64.9	3.1	23.6	49.2
Dec-22	66.3	3.1	23.5	49.2
Mar-23	68.2	3.1	24.5	49.0

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23"],[[44.399999999999999],[44.700000000000003],[45.5],[46.700000000000003],[49.100000000000001],[50.299999999999997],[56.399999999999999],[55.600000000000001],[61],[64],[63.799999999999997],[65.900000000000006],[62.100000000000001],[62.5],[63.399999999999999],[63],[60.700000000000003],[59.600000000000001],[56.799999999999997],[56.200000000000003],[55],[54.5],[52.600000000000001],[51.799999999999997],[49.299999999999997],[47.299999999999997],[45.399999999999999],[47.299999999999997],[46.600000000000001],[45.600000000000001],[51.100000000000001],[50],[50.700000000000003],[50.600000000000001],[51.799999999999997],[51.399999999999999],[51.899999999999999],[52.200000000000003],[53.299999999999997],[52.700000000000003],[52.399999999999999],[50.899999999999999],[50.600000000000001],[51.700000000000003],[54],[56.399999999999999],[57.200000000000003],[58.399999999999999],[59.399999999999999],[62.799999999999997],[64.900000000000006],[66.299999999999997],[68.200000000000003]],[[2.2000000000000002],[2.1000000000000001],[2.1000000000000001],[2.1000000000000001],[2.2000000000000002],[2.2000000000000002],[2.2000000000000002],[2.2000000000000002],[2.2999999999999998],[2.2999999999999998],[2.5],[2.5],[2.5],[2.5],[2.3999999999999999],[2.2999999999999998],[2.3999999999999999],[2.3999999999999999],[2.7000000000000002],[2.7999999999999998],[2.7000000000000002],[2.6000000000000001],[2.8999999999999999],[2.8999999999999999],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.5],[3],[3],[3],[3],[3],[2.8999999999999999],[3],[2.8999999999999999],[2.8999999999999999],[2.7000000000000002],[2.6000000000000001],[2.6000000000000001],[2.7000000000000002],[2.7999999999999998],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[3],[3.1000000000000001],[3.1000000000000001],[3.1000000000000001]],[[15.1],[14.4],[14],[14],[13.6],[12.199999999999999],[12.800000000000001],[15.300000000000001],[12.300000000000001],[13.699999999999999],[13.1],[12.699999999999999],[13.199999999999999],[11.6],[12.300000000000001],[12.699999999999999],[13.1],[13],[13],[12.5],[12.300000000000001],[13.1],[12.1],[12.300000000000001],[14.300000000000001],[14.9],[13.800000000000001],[14.4],[15.699999999999999],[18.300000000000001],[16.699999999999999],[17.399999999999999],[17.300000000000001],[18.100000000000001],[18.5],[18.800000000000001],[19],[19.399999999999999],[19.5],[20.300000000000001],[19.699999999999999],[19.399999999999999],[19],[20],[20],[22],[21.5],[21.5],[22.300000000000001],[24.100000000000001],[23.600000000000001],[23.5],[24.5]],[[27.300000000000001],[27.899999999999999],[28.800000000000001],[28.300000000000001],[29],[29],[28.300000000000001],[27.5],[27.399999999999999],[27.300000000000001],[28],[28.300000000000001],[28],[29],[29.600000000000001],[30.199999999999999],[31.100000000000001],[31.600000000000001],[33.5],[35.200000000000003],[36.299999999999997],[36.100000000000001],[37.899999999999999],[38.100000000000001],[38.5],[39.5],[40],[40.899999999999999],[41],[41.299999999999997],[40.700000000000003],[40.899999999999999],[42],[42.700000000000003],[41.5],[40.399999999999999],[39.100000000000001],[38],[38.200000000000003],[38],[37.899999999999999],[35.100000000000001],[36.299999999999997],[39],[42.100000000000001],[44.700000000000003],[46.100000000000001],[47.200000000000003],[48.200000000000003],[48.399999999999999],[49.200000000000003],[49.200000000000003],[49]]]

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Data downloads

Download all (10.3 MB)

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [262.53 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [245.1 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [79.2 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [102.59 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [76.96 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [368.11 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.77 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [363.29 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [225.2 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [367.8 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.57 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [258.82 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.54 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [342.35 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [158.82 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [471.77 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [306.09 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [217.52 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [72.14 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [287.55 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [282.99 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [139.68 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [264.02 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [253.39 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [195.95 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [307.21 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [76.44 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [294.39 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [75.68 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [271.35 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [75.81 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [186.29 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [75.88 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [247.03 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [78.79 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [66.19 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [65.56 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [438.87 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [79.17 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [112.28 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [123.07 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [103.94 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [348.53 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [445.71 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [184.04 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [150.87 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [343.25 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [248.04 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [309.55 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [378.37 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [54.17 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [56.55 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [149.29 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [343.91 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

There have been revisions to previously published aggregates due to:

Quality assurance reviews affecting the published aggregates after December quarter 2020, in addition to amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.
Revisions to the sectoral capital accounts are due to more up-to-date data being incorporated and concurrent seasonal adjustment.
Revision to residential land and dwellings in the Household balance sheet are the result of revisions to total value of dwelling stock published and addressed in Total Value of Dwellings.

Methodology

Australian National Accounts: Finance and Wealth methodology, March 2023

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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 March quarter 2023

Net transactions during March quarter 2023

Amounts outstanding at end of March quarter 2023

Amounts outstanding at end of March quarter 2023

National investment

Financial investment

Households

Non-financial corporations

General government

Demand for credit

Demand for credit table

Other private non-financial corporations

Households

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

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)