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

September 2022

Released

15/12/2022

View all releases

Release date and time

15/12/2022 11:30am AEDT

Key statistics

Household wealth fell $276.1b (1.9%) to $14,201b
Demand for credit was $117.5b, a fall of $34.1b
Australia recorded a net borrowing position of $8.1b following thirteen consecutive quarters of net lending
Capital investment as a proportion of GDP rose to 22.8%

Main features

Financing resources and investment table

Financing resources and investment September quarter 2022, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Financing resources
	Net saving (a)	-8.3	21.7	-14.9	41.8	40.3	8.6
	plus Consumption of fixed capital	49.1	3.3	12.3	38.3	103.1	-
	Gross saving	40.8	25.1	-2.6	80.1	143.4	8.6
	plus Net capital transfers	0.9	0.0	-1.9	0.8	-0.2	0.2
	less Statistical discrepancy (b)	-	-	-	-	10.1	-
	Total financing resources	41.7	25.1	-4.5	80.9	133.0	8.9
Uses of financing (investment)
	Capital formation
		Gross fixed capital formation	63.8	3.0	20.4	50.0	137.2	-
		plus Changes in inventories	6.8	0.0	-0.2	-1.9	4.7	-
		plus Net acquisition of non-produced non-financial assets	-1.0	-	1.0	-	-	-
		Total capital formation	69.6	3.0	21.1	48.1	141.9	-
	plus Financial investment
		Aquistition of financial assets	10.8	-25.7	-13.2	79.9	-79.1	-71.0
		less Incurrence of financial liabilities	61.7	-47.2	18.2	27.2	-71.0	-79.1
		Net Financial investment (Net lending (+) / net borrowing (-))	-50.9	21.5	-31.5	52.7	-8.1	8.1
	less Net errors and omissions	-23.0	-0.5	-5.8	19.9	0.8	-0.8
	Total investment	41.7	25.1	-4.5	80.9	133.0	8.9

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Jun-22	Transactions, Sep-22	Other changes, Sep-22	Amounts outstanding, Sep-22
Currency and deposits
	Currency	106.6	0.4	-	107.0
	Transferable deposits	2,233.7	3.6	6.8	2,244.2
	Other deposits	1,487.6	52.2	12.6	1,552.5
Short term debt securities
	Bills of exchange	7.5	-0.4	-	7.2
	One name paper	541.5	0.1	7.6	549.1
Long term debt securities
	Bonds, etc.	3,232.0	14.9	-27.6	3,219.3
Derivatives
	Derivatives	1,261.4	-336.9	691.9	1,616.3
Loans and placements
	Short term	459.2	-17.7	4.8	446.2
	Long term	4,494.9	115.0	6.9	4,616.8
Shares and other equity
	Listed	2,347.3	-3.1	-16.8	2,327.4
	Unlisted	5,594.1	73.3	-7.1	5,660.3
Insurance technical reserves
	Reserves of pension funds and life	3,008.5	21.4	-31.5	2,998.4
	General insurance payments	149.8	0.3	0.0	150.1

Flow of funds diagrams

National investment

National investment decreased $4.5b to $141.9b in the September quarter.

General government investment decreased by $10.0b to $21.1b driven largely by a decrease in gross fixed capital formation in both state and local general government and national general government.
Non-financial corporations' investment increased by $5.6b to $69.6b, driven largely by an increase in change in inventories in private non-financial corporations. This was partially offset by a decrease in gross fixed capital formation in private non-financial corporations and public non-financial corporations.
Household investment was flat, remaining at $48.1b, with a decrease in change in inventories being offset by an increase in gross fixed capital formation.

Financial investment

Australia was a net borrower of $8.1b from rest of world (ROW). The main contributors were a:

$31.1b acquisition of equities by ROW
$11.0b acquisition of debt securities by ROW, primarily issued by banks and national general government
Partly offset by $23.3b acquisition by Australia of ROW equity and $11.2b acquisition of bonds issued by ROW.

The ROW remains a significant holder of bonds issued by banks and national general government. Acquisition of equity by Australian companies reflect merger and acquisition activity occurring over the quarter. ROW acquired shares issued by Australian companies and also reinvested the profits of Australian subsidiaries.

Households

Households $52.7b net lending position was due to a $79.9b acquisition of financial assets, offset by $27.2b incurrence of liabilities.

The acquisition of assets was driven by:

$50.1b in deposits
$27.5b in net equity in superannuation.

While liabilities were driven by:

$26.5b in loan borrowings

Deposit assets grew strongly this quarter as households received proceeds from tax returns. Households favoured placing excess funds in deposit accounts to take advantage of rising interest rates, particularly in term deposits. Increased contributions into pension funds reflected continued growth in employment and legislative changes to compulsory superannuation contributions on July 1. Demand for home loan borrowing has softened as interest rates increase and house prices fell.

Non-financial corporations

Non-financial corporations’ $50.9b net borrowing position was due to $10.8b acquisition of financial assets offset by $61.7b incurrence of liabilities. The acquisition of assets was driven by:

$24.1b of equities

Acquisitions of assets were offset by:

$21.2b withdrawal of deposits

Liabilities were driven by:

$31.6b in equities
$33.5b in loan borrowings

Non-financial corporations drew on deposits to make dividend payments and to facilitate merger and acquisition activity. The merger and acquisition activity was reflected in non-financial corporations’ acquisition of equities. Loan borrowings by private non-financial corporations increased as firms sought loan funding to further facilitate merger and acquisition activity and to fund investment in non-dwelling construction projects. Non-financial corporations continue to benefit from strong trade surpluses and gross operating surplus, with reinvested earnings increasing firms' equity capital.

General government

General government’s $31.5b net borrowing position was due to a $13.2b disposal of financial assets and $18.2b incurrence of liabilities.

Assets were driven by:

$7.0b sale of equity holdings
$6.7b withdrawals of deposits

Liabilities were driven by:

$19.7b in loans

Sale of equity assets were driven by state and local general government's involvement in merger and acquisition activity. Deposit balances were drawn down to meet a bond maturity. State and territory governments continued to borrow funds from their respective central borrowing authorities to fund investment in transport and healthcare infrastructure.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-09	-18.9	-29.7	31.1	-29.4	9.2
Dec-09	-23.2	-6.2	-3.1	-18.9	5.0
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	21.6	5.1	-50.6	37.6
Mar-21	13.8	-9.5	34.2	-20.2	9.3
Jun-21	21.6	23.3	1.2	-17.0	14.1
Sep-21	15.6	-34.1	29.4	-48.1	68.4
Dec-21	10.3	-5.6	18.8	-28.9	26.0
Mar-22	3.5	-39.1	35.5	-4.4	11.5
Jun-22	19.3	10.2	29.9	-15.2	-5.5
Sep-22	-8.1	-50.9	21.5	-31.5	52.7

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

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

[["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"],[[-18.9],[-23.2],[-20.4],[-6.4],[-11.6],[-13.7],[-12.9],[-8],[-11],[-13.7],[-16.4],[-10.1],[-19.4],[-18],[-10.9],[-11.7],[-17.9],[-10.4],[-9.5],[-9.9],[-17.1],[-15.2],[-9.1],[-20.9],[-26],[-25.2],[-13.2],[-19],[-15.1],[-4],[-4.5],[-12.3],[-15],[-18.5],[-10.6],[-12.6],[-13.4],[-4.1],[-3.1],[6.1],[3.6],[5],[9.3],[17.5],[4.4],[13.7],[13.8],[21.6],[15.6],[10.3],[3.5],[19.3],[-8.1]],[[-29.7],[-6.2],[1.1],[21.7],[-6.1],[-6.4],[14.1],[-0.5],[-11],[1.3],[-34.8],[2.9],[-4.9],[-13.4],[-33.3],[-40],[-14.5],[-40.8],[-16.5],[-23.5],[-8.7],[-1.2],[-12.2],[-33.4],[-48.2],[-39.5],[-23],[6.6],[-7.4],[4.2],[-17.5],[23.7],[-11.1],[-7.7],[-25.3],[-10.2],[-31.6],[-8],[-13.7],[15.4],[-0.6],[-12],[-8],[49.1],[40.6],[21.6],[-9.5],[23.3],[-34.1],[-5.6],[-39.1],[10.2],[-50.9]],[[31.1],[-3.1],[-18.5],[-10.1],[10.5],[9.2],[5.7],[9],[4.5],[-3.2],[20.8],[-21],[-10.7],[-2],[23.1],[14.1],[-16],[22.4],[9.7],[20.3],[-20],[-27.7],[-0.4],[5],[-4.5],[1.9],[16.1],[-31.5],[-1.4],[-13.4],[11.3],[-31.5],[-10],[-22.2],[6.9],[-15.8],[-2],[7.2],[-5.1],[-34.9],[-23.5],[9.4],[10.5],[2.7],[-0.8],[5.1],[34.2],[1.2],[29.4],[18.8],[35.5],[29.9],[21.5]],[[-29.4],[-18.9],[-13.8],[-11.2],[-25.1],[-15.2],[-17.3],[-20.2],[-30.5],[-14.7],[-11.2],[-32.2],[-26.2],[-11.1],[-17.3],[-11.3],[-21.1],[-9],[-11.7],[-12.2],[-18.7],[-13.8],[-4.8],[-4.4],[-16.3],[-5.4],[-10.3],[-7.9],[-21.8],[-19.4],[2.3],[-12.3],[-17.8],[-3],[-0.3],[-0.4],[-17.1],[-9.3],[-0.7],[-10.9],[-24.2],[-15.4],[-15.6],[-91.2],[-116.1],[-50.6],[-20.2],[-17],[-48.1],[-28.9],[-4.4],[-15.2],[-31.5]],[[9.2],[5],[10.8],[-6.8],[9.2],[-1.4],[-15.4],[3.6],[26.1],[3],[8.8],[40.3],[22.4],[8.5],[16.6],[25.6],[33.6],[17],[9.1],[5.5],[30.2],[27.5],[8.2],[11.9],[43],[17.8],[4.1],[13.9],[15.6],[24.6],[-0.7],[7.7],[23.9],[14.4],[8.2],[13.8],[37.4],[6],[16.5],[36.6],[52],[23],[22.3],[56.8],[80.7],[37.6],[9.3],[14.1],[68.4],[26],[11.5],[-5.5],[52.7]]]

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
	Credit market outstandings, Jun-22	Demand for credit, Sep-22	Other changes, Sep-22	Credit market outstandings, Sep-22
Non-financial corporations
	Investment funds	526.0	5.6	-12.8	518.8
	Other private	4,149.6	68.5	-1.3	4,216.7
	Public	172.9	2.2	0.2	175.3
General government
	National	862.1	-5.3	-9.8	847.1
	State and local	360.7	20.2	-0.2	380.7
Households	2,677.4	26.3	-1.2	2,702.5
Total	8,748.7	117.5	-25.0	8,841.2

Demand for credit was $117.5b in the September quarter, of which:

other private non-financial corporations borrowed $68.5b
households borrowed $26.3b
general government borrowed $14.9b

Credit market outstanding increased $92.5b (1.1%) of which $25.0b was revaluation losses. Holding losses on the shares of private non-financial investment funds were $13.0b in line with falls in the share price of real estate investment trusts listed on the Australian Securities Exchange. Holding losses on Commonwealth government bonds of $9.8b were driven by increases in two and three year bond yields.

Private non-financial corporations

Loan borrowing by businesses was the strongest since March quarter 2020 and was used to fund investment in non-dwelling construction and finance merger and acquisition activity. Incorporated businesses also drew down on existing credit facilities to manage their liquidity requirements amid ongoing supply chain disruptions. Funding of business through equity expanded as foreign owned resource companies continued to reinvest their profits earned on elevated export revenue. The financing activity of businesses comprised:

loan borrowings of $28.9b
equity raising of $39.4b

Households

Housing credit growth slowed and reflects weakening housing market activity as interest rate increases have constrained demand for new housing loans. Long term loan borrowing by households experienced the weakest growth since March quarter 2021. Households repaid $1.5b of short term loans following seasonally weaker household spending in a September quarter. This was reflected in:

$28.0b of long term loan borrowings
partly offset by $1.5b repayment of short term loans

General government

The Commonwealth general government paid down their debt by $5.3b in the September quarter which was driven by a major bond line maturity. State and local general government's demand for credit was $20.2b 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 road and rail infrastructure. This was reflected in:

$4.0b maturities of bonds issued by national general government
$20.0b 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)
Sep-09	18.8	26.1	18.0	4.3
Dec-09	6.7	22.7	13.8	1.2
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	2.4	22.2	30.5	10.9
Mar-21	16.9	23.9	20.2	6.4
Jun-21	9.6	48.8	6.9	19.5
Sep-21	53.0	40.7	50.4	9.7
Dec-21	32.7	54.0	23.8	16.0
Mar-22	161.8	42.5	14.1	11.5
Jun-22	36.6	53.0	47.0	14.9
Sep-22	68.5	26.3	14.9	7.8

Demand for credit by sector

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

[["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"],[[18.8],[6.7],[2.6],[0.8],[15.4],[20.2],[6.4],[6.1],[30.8],[-4.6],[28.1],[16.3],[16.3],[15.4],[23.2],[37.1],[24.5],[35.4],[8.2],[31.6],[33.7],[35.3],[42.6],[26.1],[38.9],[33.4],[30.7],[11.1],[21.1],[57],[5.7],[37.3],[33.2],[31.2],[39.2],[14.3],[72.6],[9.6],[35.1],[39.5],[16],[19],[53.2],[-7.8],[1],[2.4],[16.9],[9.6],[53],[32.7],[161.8],[36.6],[68.5]],[[26.1],[22.7],[18.2],[29.2],[16.9],[23.3],[21.4],[27.2],[7.4],[16.7],[11.6],[23],[1.9],[14.8],[11.8],[26.9],[4.3],[30.3],[18.7],[34.2],[19.8],[26.2],[25],[39.2],[18.2],[23.1],[25.3],[34.7],[28.6],[20.7],[21.6],[40.6],[18.2],[28.1],[19.6],[27.5],[14.5],[25.7],[15.3],[4.1],[-0.6],[20.3],[2.6],[14.2],[5.9],[22.2],[23.9],[48.8],[40.7],[54],[42.5],[53],[26.3]],[[18],[13.8],[20.6],[21],[18.6],[12.3],[18.1],[19],[28.2],[21.4],[16.7],[12.9],[28.7],[10.9],[10.2],[-9.1],[29.8],[20.4],[20.9],[9.2],[23.9],[12.7],[17.7],[1.5],[37.8],[0.4],[23.5],[4.4],[25.5],[14.2],[18.8],[19],[4.4],[16.1],[5.7],[10.1],[5],[6.1],[-0.3],[12.3],[26],[15.9],[35.7],[136.8],[144.5],[30.5],[20.2],[6.9],[50.4],[23.8],[14.1],[47],[14.9]],[[4.3],[1.2],[-0.2],[7.5],[6.5],[-1.9],[2.6],[-1.5],[2.1],[6.3],[2.2],[1.7],[5.1],[5.5],[2.7],[2],[0.5],[7.3],[4.6],[11],[-5.5],[5.9],[8.5],[9],[4.5],[6.5],[4.7],[4.9],[5],[-11.9],[4.4],[1.1],[5.2],[5.6],[2.9],[2.5],[8.8],[3.8],[7.5],[-2.1],[8.4],[4.3],[4.9],[10.5],[7.5],[10.9],[6.4],[19.5],[9.7],[16],[11.5],[14.9],[7.8]]]

[]

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Households

Balance sheet

Household balance sheet, $b
	Amounts outstanding, Jun-22	Transactions, Sep-22	Other changes (a), Sep-22	Holding gains/losses, Sep-22	Amounts outstanding, Sep-22
Non-financial assets
	Land and dwellings	10,102.8	12.2	9.8	-338.5	9,786.2
	Other non-financial assets	774.1	-2.4	-	18.4	790.0
Financial assets
	Superannuation reserves	3,333.5	27.5	-	-37.9	3,323.2
	Shares and other equity	1,223.7	2.4	-	9.6	1,235.7
	Currency and deposits	1,502.5	50.5	-	0.8	1,553.8
	Other financial assets	366.0	-0.5	-	-2.0	363.5
Liabilities
	Loans	2,672.6	26.5	-	-1.2	2,697.9
	Other liabilities	152.8	0.7	-	-	153.5
Wealth (Net worth)	14,477.2	62.5	9.8	-348.4	14,201.1
Memorandum item
	Consumer durables (b)	496.8	4.6	-	-	507.2

Financial assets

Household selected financial assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	55.2	6,761.4	50.6	6,425.7	79.9	6,476.2
Deposits	35.5	1,446.8	4.4	1,452.9	50.1	1,503.7
Shares and equity	-2.0	1,246.3	2.2	1,223.7	2.4	1,235.7
Net equity in reserves	24.8	3,224.0	37.8	3,013.5	21.3	3,003.1
	Pension funds	23.8	3,069.9	36.5	2,880.3	24.4	2,875.0
Other assets	-3.2	844.3	6.1	735.6	6.1	733.7

Liabilities

Household selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	43.7	2,772.4	56.1	2,825.5	27.2	2,851.5
Short term loans	-0.9	58.5	-0.2	58.3	-1.5	56.8
Long term loans	43.5	2,563.8	53.4	2,614.2	28.0	2,641.0
Other liabilities	1.1	150.0	3.0	153.0	0.7	153.6

Household wealth fell 1.9% ($276.1b) to $14,201.1b at the end of the September quarter. This was the second consecutive quarter of decline in household wealth and was driven by weakness in the housing market.

Wealth per capita fell 2.2% (-$12,050) to $545,532 per person.

Non-financial assets

Non-financial assets owned by households decreased 2.8% (-$300.6b), driven by a:

$316.6b fall in land and dwellings

Holding losses on residential land and dwellings reflected falls in property prices over the quarter, across most of the states.

Financial assets

Financial assets of households increased 0.8% ($50.5b), driven by a:

$51.3b rise in currency and deposits
$12.0b rise in shares and other equity, offset by a
$10.4b fall in superannuation reserves

Total household deposits increased strongly by 3.5% this quarter, with tax returns boosting overall deposits. Other deposits increased by 7.7% ($42.4b), which is the strongest growth since December 2008, reflecting continued increases in term deposits attributable to rising interest rates and volatile share market conditions. Transferable deposit increased 0.9% ($8.4b) after falling last quarter.

Although domestic and overseas share markets performed poorly this quarter, optimism in households’ own incorporated businesses drove gains in households holdings of other private non-financial corporations’ equity.
Superannuation losses due to poor market performance were partially offset by strong contributions ($27.5b), reflecting the increase of the superannuation guarantee from 10.0% to 10.5% and the removal of the $450 minimum monthly income threshold for employer contributions.

Liabilities

Household liabilities increased 0.9% ($26.0b), driven by a:

$24.3b rise in housing loans, offset by a
$1.5b fall in short term loans

The growth in housing loans is the softest growth since September 2020 and reflects the weakened activity in the property market over the quarter, due to increases in interest rates and falling house prices in most states. The rise continues to be driven by both owner-occupier and investor loans, which increased by $18.7b and $5.6b.

Household wealth, contribution to growth, quarterly
	Net worth (ppt)	Assets: Land and dwellings (ppt)	Assets: Superannuation (ppt)	Assets: Equity (ppt)	Liabilities: Housing loans (ppt)	Assets: Deposits (ppt)
Sep-09	6.5	4.0	2.0	0.6	-0.4	0.3
Dec-09	5.8	5.0	0.8	0.0	-0.4	0.2
Mar-10	3.5	3.1	0.4	0.0	-0.3	0.2
Jun-10	-1.8	-0.4	-0.6	-0.4	-0.4	0.1
Sep-10	1.4	0.3	0.7	0.2	-0.3	0.4
Dec-10	1.1	0.4	0.8	0.1	-0.3	0.2
Mar-11	-0.2	-0.2	0.4	0.0	-0.3	0.1
Jun-11	-0.5	0.1	0.0	-0.1	-0.2	0.0
Sep-11	-3.2	-2.0	-1.1	-0.2	-0.3	0.4
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	-0.3	0.1
Sep-12	1.0	-0.2	0.8	0.2	-0.2	0.3
Dec-12	2.7	1.6	0.9	0.2	-0.2	0.2
Mar-13	2.1	0.8	1.0	0.3	-0.2	0.1
Jun-13	0.0	1.1	-0.8	0.0	-0.3	0.1
Sep-13	3.0	1.2	1.3	0.3	0.0	0.4
Dec-13	3.3	2.4	0.7	0.1	-0.4	0.3
Mar-14	1.9	1.0	0.6	0.3	-0.2	0.1
Jun-14	1.6	1.3	0.3	0.2	-0.4	0.1
Sep-14	2.1	1.1	0.7	0.2	-0.3	0.4
Dec-14	3.4	2.2	0.8	0.3	-0.3	0.3
Mar-15	3.3	1.5	1.3	0.4	-0.3	0.2
Jun-15	2.4	2.7	0.1	0.0	-0.4	0.1
Sep-15	1.4	1.5	-0.3	0.0	-0.2	0.4
Dec-15	1.8	0.5	0.9	0.4	-0.3	0.2
Mar-16	-0.2	0.1	-0.2	0.0	-0.3	0.1
Jun-16	3.2	1.6	1.7	0.2	-0.3	0.1
Sep-16	2.5	1.4	0.9	0.3	-0.2	0.3
Dec-16	3.6	2.8	0.5	0.2	-0.2	0.3
Mar-17	2.4	1.7	0.7	0.2	-0.2	0.1
Jun-17	1.6	1.7	0.2	0.0	-0.3	0.0
Sep-17	0.3	0.1	0.0	0.1	-0.2	0.2
Dec-17	2.8	1.7	1.0	0.3	-0.3	0.1
Mar-18	-0.1	0.2	-0.2	0.0	-0.2	0.1
Jun-18	0.9	-0.3	1.0	0.2	-0.2	0.0
Sep-18	0.3	-0.5	0.5	0.2	-0.2	0.3
Dec-18	-2.0	-0.6	-1.1	-0.1	-0.2	0.1
Mar-19	0.6	-1.2	1.4	0.3	-0.1	0.1
Jun-19	3.1	0.7	2.1	0.3	-0.2	0.0
Sep-19	3.2	2.1	0.6	0.2	-0.1	0.2
Dec-19	2.7	2.0	0.6	0.1	-0.2	0.1
Mar-20	-2.2	0.9	-2.5	-0.6	-0.1	0.2
Jun-20	2.1	-0.2	1.5	0.3	-0.1	0.3
Sep-20	3.1	2.1	0.3	0.1	-0.1	0.6
Dec-20	5.5	3.3	1.5	0.5	-0.2	0.2
Mar-21	4.6	3.8	0.6	0.2	-0.2	0.1
Jun-21	4.6	3.5	0.9	0.3	-0.3	0.0
Sep-21	5.6	4.6	0.5	0.2	-0.3	0.5
Dec-21	4.9	4.0	0.7	0.1	-0.3	0.3
Mar-22	1.1	1.3	-0.4	0.1	-0.3	0.2
Jun-22	-3.3	-0.8	-2.0	-0.2	-0.3	0.0
Sep-22	-1.9	-2.2	-0.1	0.1	-0.2	0.4

Household wealth, contribution to growth, quarterly

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

[["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"],[[6.5],[5.8],[3.5],[-1.8],[1.4],[1.1],[-0.2],[-0.5],[-3.2],[0.1],[1.6],[2.3],[1],[2.7],[2.1],[0],[3],[3.3],[1.9],[1.6],[2.1],[3.4],[3.3],[2.4],[1.4],[1.8],[-0.2],[3.2],[2.5],[3.6],[2.4],[1.6],[0.3],[2.8],[-0.1],[0.9],[0.3],[-2],[0.6],[3.1],[3.2],[2.7],[-2.2],[2.1],[3.1],[5.5],[4.6],[4.6],[5.6],[4.9],[1.1],[-3.3],[-1.9]],[[4],[5],[3.1],[-0.4],[0.3],[0.4],[-0.2],[0.1],[-2],[-0.3],[0.4],[0.4],[-0.2],[1.6],[0.8],[1.1],[1.2],[2.4],[1],[1.3],[1.1],[2.2],[1.5],[2.7],[1.5],[0.5],[0.1],[1.6],[1.4],[2.8],[1.7],[1.7],[0.1],[1.7],[0.2],[-0.3],[-0.5],[-0.6],[-1.2],[0.7],[2.1],[2],[0.9],[-0.2],[2.1],[3.3],[3.8],[3.5],[4.6],[4],[1.3],[-0.8],[-2.2]],[[2],[0.8],[0.4],[-0.6],[0.7],[0.8],[0.4],[0],[-1.1],[0.2],[1],[1.9],[0.8],[0.9],[1],[-0.8],[1.3],[0.7],[0.6],[0.3],[0.7],[0.8],[1.3],[0.1],[-0.3],[0.9],[-0.2],[1.7],[0.9],[0.5],[0.7],[0.2],[0],[1],[-0.2],[1],[0.5],[-1.1],[1.4],[2.1],[0.6],[0.6],[-2.5],[1.5],[0.3],[1.5],[0.6],[0.9],[0.5],[0.7],[-0.4],[-2],[-0.1]],[[0.6],[0],[0],[-0.4],[0.2],[0.1],[0],[-0.1],[-0.2],[0.1],[0.3],[-0.1],[0.2],[0.2],[0.3],[0],[0.3],[0.1],[0.3],[0.2],[0.2],[0.3],[0.4],[0],[0],[0.4],[0],[0.2],[0.3],[0.2],[0.2],[0],[0.1],[0.3],[0],[0.2],[0.2],[-0.1],[0.3],[0.3],[0.2],[0.1],[-0.6],[0.3],[0.1],[0.5],[0.2],[0.3],[0.2],[0.1],[0.1],[-0.2],[0.1]],[[-0.4],[-0.4],[-0.3],[-0.4],[-0.3],[-0.3],[-0.3],[-0.2],[-0.3],[-0.2],[-0.2],[-0.3],[-0.2],[-0.2],[-0.2],[-0.3],[0],[-0.4],[-0.2],[-0.4],[-0.3],[-0.3],[-0.3],[-0.4],[-0.2],[-0.3],[-0.3],[-0.3],[-0.2],[-0.2],[-0.2],[-0.3],[-0.2],[-0.3],[-0.2],[-0.2],[-0.2],[-0.2],[-0.1],[-0.2],[-0.1],[-0.2],[-0.1],[-0.1],[-0.1],[-0.2],[-0.2],[-0.3],[-0.3],[-0.3],[-0.3],[-0.3],[-0.2]],[[0.3],[0.2],[0.2],[0.1],[0.4],[0.2],[0.1],[0],[0.4],[0.2],[0.2],[0.1],[0.3],[0.2],[0.1],[0.1],[0.4],[0.3],[0.1],[0.1],[0.4],[0.3],[0.2],[0.1],[0.4],[0.2],[0.1],[0.1],[0.3],[0.3],[0.1],[0],[0.2],[0.1],[0.1],[0],[0.3],[0.1],[0.1],[0],[0.2],[0.1],[0.2],[0.3],[0.6],[0.2],[0.1],[0],[0.5],[0.3],[0.2],[0],[0.4]]]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	138.1	1,925.5	55.7	1,963.5	20.1	2,006.4
Deposits	13.2	774.2	44.1	825.1	-20.8	811.2
Shares and equity	124.6	707.8	14.6	668.5	24.1	695.2
Other accounts receivable	-3.2	225.9	1.3	242.3	11.6	257.8
Other assets	3.6	217.6	-4.3	227.6	5.2	242.2

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	176.5	5,032.9	40.4	4,906.7	70.0	4,976.4
Total debt securities	6.6	276.1	3.8	280.5	0.2	280.6
Loans	17.2	956.2	28.1	993.5	33.0	1,030.6
	Authorised deposit taking institutions	28.7	640.4	21.6	666.0	25.9	695.0
	Rest of world	-0.9	234.0	2.3	241.6	0.6	243.1
Shares and equity	147.8	3,532.2	14.9	3,360.2	41.4	3,383.7
	Households	3.1	814.0	3.7	808.5	6.2	819.2
	Rest of world	123.3	1,361.9	-3.7	1,305.4	28.4	1,318.9
Other liabilities	4.9	268.4	-6.3	272.5	-4.7	281.6

Private non-financial corporations demand for credit of $70.0b, was driven by:

$33.0b loan borrowings, and
$41.4b issuance of equity

Private non-financial corporations' demand for credit
	Total liabilities ($b)	Debt securities ($b)	Loans ($b)	Equities ($b)
Sep-09	30.3	1.6	-11.2	30.1
Dec-09	6.7	1.8	-7.2	11.3
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	11.5	-15.5	-9.0	32.4
Mar-21	29.0	1.7	10.4	8.1
Jun-21	21.8	-3.4	8.9	11.6
Sep-21	69.3	-6.0	16.5	52.1
Dec-21	41.7	0.5	3.1	40.5
Mar-22	176.5	6.6	17.2	147.8
Jun-22	40.4	3.8	28.1	14.9
Sep-22	70.0	0.2	33.0	41.4

Private non-financial corporations' demand for credit

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

[["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"],[[30.3],[6.7],[-0.1],[8.6],[21.4],[21.8],[6.3],[0.5],[30.7],[6.3],[28.2],[21.2],[20],[18.1],[24.3],[37.1],[24.3],[43.2],[12.2],[29.9],[40.5],[32],[45.6],[39.3],[47.4],[37],[34.9],[13.9],[31.6],[61.7],[18.8],[49],[49],[30.1],[47.2],[14.1],[83.4],[8.1],[37.5],[29.1],[28.4],[18.7],[58.4],[-5.2],[13.7],[11.5],[29],[21.8],[69.3],[41.7],[176.5],[40.4],[70]],[[1.6],[1.8],[0.8],[-1.3],[8.5],[-4.7],[3.3],[0.6],[6.9],[7.2],[10.2],[-1.2],[6.8],[6],[3.7],[-1.9],[8.9],[1],[-3.8],[-5.3],[6.1],[-7.3],[5],[10.6],[-7],[7.3],[4.4],[-8.8],[-7.4],[1.3],[-10.2],[6.8],[-3.8],[-6.4],[3.7],[8.1],[-0.8],[-4.4],[-3.1],[3.8],[-2],[-1.8],[-9],[-1.9],[-8.6],[-15.5],[1.7],[-3.4],[-6],[0.5],[6.6],[3.8],[0.2]],[[-11.2],[-7.2],[-9.8],[-7.5],[-5.7],[-10.3],[6.1],[-6.5],[16.4],[-1.1],[6.9],[13.3],[-2.7],[1.3],[11.4],[17.4],[0.7],[16],[3.9],[19.5],[8.8],[8.6],[25.3],[-1.2],[29.5],[12.6],[16.4],[2.3],[11.5],[12.7],[3.6],[5],[9.7],[8.2],[16],[-14.5],[35.7],[7.4],[20.2],[1.5],[10.7],[2.1],[50.6],[-27.7],[-6.4],[-9],[10.4],[8.9],[16.5],[3.1],[17.2],[28.1],[33]],[[30.1],[11.3],[8.1],[12.7],[15.6],[35.1],[0],[9.6],[5.8],[-5.9],[12.9],[3.9],[13.9],[11.7],[12.6],[23.5],[13.6],[23.8],[12.7],[21],[19],[31.3],[17.9],[26.5],[19.4],[18.8],[13.9],[16.7],[23.1],[45.8],[16.5],[30.5],[33.5],[31],[23.7],[21.2],[46.4],[6.7],[23],[28.8],[12.2],[23.2],[12],[31.4],[24.8],[32.4],[8.1],[11.6],[52.1],[40.5],[147.8],[14.9],[41.4]]]

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Private non-financial corporations sourced funds through both debt and equity. This resulted in:

The debt to equity ratio (adjusted for price changes) remaining unchanged at 0.63

Firms sourced increasing amounts of funds through bank loans to fund non-dwelling construction investment and merger and acquisition activity. Non-financial corporations' equity continued to grow as foreign owned resource companies reinvested their retained profits arising from large trade surpluses.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, September 2002 base	Debt to equity ratio
Sep-02	0.62	0.62
Dec-02	0.62	0.59
Mar-03	0.62	0.59
Jun-03	0.61	0.57
Sep-03	0.60	0.54
Dec-03	0.60	0.52
Mar-04	0.60	0.50
Jun-04	0.61	0.50
Sep-04	0.61	0.48
Dec-04	0.65	0.48
Mar-05	0.65	0.48
Jun-05	0.74	0.52
Sep-05	0.75	0.50
Dec-05	0.77	0.51
Mar-06	0.79	0.50
Jun-06	0.80	0.52
Sep-06	0.81	0.52
Dec-06	0.85	0.51
Mar-07	0.87	0.50
Jun-07	0.86	0.49
Sep-07	0.91	0.51
Dec-07	0.95	0.54
Mar-08	0.96	0.60
Jun-08	0.98	0.60
Sep-08	1.00	0.69
Dec-08	1.00	0.81
Mar-09	0.96	0.79
Jun-09	0.89	0.70
Sep-09	0.87	0.63
Dec-09	0.85	0.60
Mar-10	0.84	0.60
Jun-10	0.82	0.64
Sep-10	0.82	0.60
Dec-10	0.78	0.55
Mar-11	0.79	0.55
Jun-11	0.77	0.56
Sep-11	0.79	0.63
Dec-11	0.80	0.64
Mar-12	0.81	0.61
Jun-12	0.82	0.65
Sep-12	0.82	0.64
Dec-12	0.81	0.62
Mar-13	0.82	0.61
Jun-13	0.81	0.65
Sep-13	0.81	0.62
Dec-13	0.81	0.63
Mar-14	0.80	0.62
Jun-14	0.80	0.62
Sep-14	0.80	0.63
Dec-14	0.78	0.63
Mar-15	0.79	0.62
Jun-15	0.79	0.64
Sep-15	0.80	0.67
Dec-15	0.80	0.66
Mar-16	0.81	0.65
Jun-16	0.79	0.63
Sep-16	0.79	0.60
Dec-16	0.77	0.60
Mar-17	0.77	0.58
Jun-17	0.76	0.58
Sep-17	0.76	0.58
Dec-17	0.74	0.54
Mar-18	0.75	0.56
Jun-18	0.73	0.53
Sep-18	0.73	0.53
Dec-18	0.73	0.55
Mar-19	0.73	0.52
Jun-19	0.72	0.51
Sep-19	0.72	0.52
Dec-19	0.71	0.50
Mar-20	0.73	0.61
Jun-20	0.70	0.53
Sep-20	0.69	0.51
Dec-20	0.66	0.48
Mar-21	0.67	0.48
Jun-21	0.67	0.46
Sep-21	0.66	0.46
Dec-21	0.65	0.44
Mar-22	0.62	0.42
Jun-22	0.63	0.46
Sep-22	0.63	0.47

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0September 2002 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22"],[[0.62],[0.62],[0.62],[0.61],[0.6],[0.6],[0.6],[0.61],[0.61],[0.65],[0.65],[0.74],[0.75],[0.77],[0.79],[0.8],[0.81],[0.85],[0.87],[0.86],[0.91],[0.95],[0.96],[0.98],[1],[1],[0.96],[0.89],[0.87],[0.85],[0.84],[0.82],[0.82],[0.78],[0.79],[0.77],[0.79],[0.8],[0.81],[0.82],[0.82],[0.81],[0.82],[0.81],[0.81],[0.81],[0.8],[0.8],[0.8],[0.78],[0.79],[0.79],[0.8],[0.8],[0.81],[0.79],[0.79],[0.77],[0.77],[0.76],[0.76],[0.74],[0.75],[0.73],[0.73],[0.73],[0.73],[0.72],[0.72],[0.71],[0.73],[0.7],[0.69],[0.66],[0.67],[0.67],[0.66],[0.65],[0.62],[0.63],[0.63]],[[0.62],[0.59],[0.59],[0.57],[0.54],[0.52],[0.5],[0.5],[0.48],[0.48],[0.48],[0.52],[0.5],[0.51],[0.5],[0.52],[0.52],[0.51],[0.5],[0.49],[0.51],[0.54],[0.6],[0.6],[0.69],[0.81],[0.79],[0.7],[0.63],[0.6],[0.6],[0.64],[0.6],[0.55],[0.55],[0.56],[0.63],[0.64],[0.61],[0.65],[0.64],[0.62],[0.61],[0.65],[0.62],[0.63],[0.62],[0.62],[0.63],[0.63],[0.62],[0.64],[0.67],[0.66],[0.65],[0.63],[0.6],[0.6],[0.58],[0.58],[0.58],[0.54],[0.56],[0.53],[0.53],[0.55],[0.52],[0.51],[0.52],[0.5],[0.61],[0.53],[0.51],[0.48],[0.48],[0.46],[0.46],[0.44],[0.42],[0.46],[0.47]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Jun-22	Transactions, Sep-22	Other changes, Sep-22	Amounts outstanding, Sep-22
Central bank	664.2	0.6	-1.5	663.2
Authorised deposit taking institutions	5,045.8	-63.5	304.6	5,286.9
Other broad money institutions	193.6	1.3	0.0	194.9
Pension funds	2,712.7	22.0	-9.7	2,725.0
Life insurance corporations	175.3	-2.9	-1.9	170.5
Non-life insurance corporations	264.1	7.7	-0.5	271.3
Money market investment funds	31.0	-2.1	0.1	29.0
Non-money market investment funds	1,078.5	4.3	-2.7	1,080.1
Central borrowing authorities	602.1	7.6	-1.1	608.6
Securitisers	810.1	-11.4	0.4	799.1
Other financial corporations	115.1	-30.9	32.2	116.4

Financial corporations' liabilities, $b
	Amounts outstanding, Jun-22	Transactions, Sep-22	Other changes, Sep-22	Amounts outstanding, Sep-22
Central bank	665.4	1.4	-2.8	664.0
Authorised deposit taking institutions	5,101.4	-87.6	325.8	5,339.5
Other broad money institutions	155.5	0.0	1.4	156.9
Pension funds	2,946.7	21.2	-13.2	2,954.8
Life insurance corporations	166.7	-2.9	-3.0	160.8
Non-life insurance corporations	281.0	2.2	1.7	284.9
Money market investment funds	31.0	-1.8	-0.2	29.0
Non-money market investment funds	1,221.7	4.9	-3.0	1,223.6
Central borrowing authorities	583.8	9.0	0.7	593.4
Securitisers	836.0	-5.7	-2.0	828.3
Other financial corporations	226.5	-29.5	34.6	231.6

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit taking institutions' selected financial assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	26.0	4,730.9	56.7	5,045.8	-63.5	5,286.9
Deposits	15.5	517.2	-15.5	502.7	22.8	525.9
Bonds	88.1	775.7	57.0	814.0	-1.4	809.1
	Securitisers	84.9	441.0	15.5	454.2	-9.6	444.2
	National general government	-9.5	73.3	6.7	76.5	-5.9	69.6
Loans	-6.6	2,719.8	102.7	2,831.8	74.1	2,913.6
Other assets	-71.0	718.2	-87.6	897.3	-159.0	1,038.3

Liabilities

Authorised deposit taking institutions' selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	13.9	4,897.5	6.4	5,101.4	-87.6	5,339.5
Deposits	55.1	2,912.3	64.7	2,991.8	56.6	3,062.4
	Other private non-fin corps	11.0	713.6	42.3	761.2	-18.0	748.1
	Pension funds	-1.3	233.1	23.5	257.2	1.9	259.8
	Households	35.0	1,427.7	3.8	1,432.5	49.5	1,482.8
Bonds	27.2	441.8	19.0	462.1	9.5	468.8
Shares and equities	-6.0	630.8	-1.5	537.1	2.5	547.5
Other liabilities	-62.4	912.6	-75.8	1,110.4	-156.3	1,260.9

Financial assets of ADIs increased $241.1b, reflecting strong derivative revaluations resulting from global market volatility, continued increases in lending, and increases in exchange settlement account balances. This resulted in a:

$35.4b increase in loans to households
$25.5b increase in loans to other private non-financial corporations
$24.9b increase in deposits with the central bank

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)
Sep-09	31.4	-16.6	-3.5	3.3	-3.2	25.6	19.9	5.7
Dec-09	10.3	-3.4	-1.4	13.5	-21.5	30.9	-5.4	-4.9
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	5.8	98.7	-15.3	-91.4	-83.6	55.2	35.7	7.3
Jun-21	32.9	133.0	2.3	-135.3	-25.4	29.2	11.6	18.5
Sep-21	126.3	55.1	-4.5	14.1	-9.9	65.0	5.8	0.8
Dec-21	113.3	34.2	9.2	0.0	-2.9	85.2	3.6	-17.0
Mar-22	153.8	14.8	0.2	62.1	81.1	-13.4	3.4	6.0
Jun-22	314.9	-14.5	15.4	38.3	172.2	112.0	-9.0	0.3
Sep-22	241.1	23.2	6.6	-4.9	151.5	81.7	-11.8	-4.9

Change in authorised deposit taking institutions' assets

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

[["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"],[[31.4],[10.3],[18],[45.4],[30.2],[9.7],[45.9],[32.3],[98.1],[-14.8],[13.4],[66],[37.4],[17.9],[28.7],[79.1],[18.4],[90],[21.2],[66.4],[89],[118],[149],[-1.1],[139.2],[-12.4],[49.3],[76.4],[5.3],[67.5],[-27.1],[56.3],[-19.1],[20.5],[80.9],[37.6],[-4.7],[58.2],[33.8],[65.3],[109.8],[-38.6],[464.7],[-186.8],[-70.3],[30.1],[5.8],[32.9],[126.3],[113.3],[153.8],[314.9],[241.1]],[[-16.6],[-3.4],[1],[4.5],[-7.2],[8.1],[5.9],[-3.4],[7.2],[-18.8],[-5.8],[-6.5],[2.1],[-5.7],[1.1],[-4],[-2.2],[17.9],[-0.1],[0.8],[1.7],[-3.5],[-1.1],[-3.2],[3.3],[3.6],[-0.2],[-0.3],[-0.7],[1.1],[3.4],[0.6],[-1.9],[-1.8],[11],[-0.6],[2.7],[-0.5],[0.5],[1.7],[3.1],[2.7],[78.1],[-24.6],[-21.3],[48.3],[98.7],[133],[55.1],[34.2],[14.8],[-14.5],[23.2]],[[-3.5],[-1.4],[-8.3],[-8.4],[1.8],[-3.4],[-3.1],[-0.9],[0.2],[-4.5],[5.4],[1],[-0.8],[-0.4],[-8.3],[-9.6],[0.4],[-7.7],[-9.4],[5.4],[-4.2],[3.9],[0.5],[-6.6],[2.2],[-2.7],[4.1],[-13.9],[-6.8],[2.1],[-4.9],[-4],[-0.4],[-6.5],[3.3],[0.4],[-13.8],[5.6],[-2.2],[-5.1],[-3.8],[4.4],[8.1],[7.3],[-14.3],[-1.6],[-15.3],[2.3],[-4.5],[9.2],[0.2],[15.4],[6.6]],[[3.3],[13.5],[5.4],[11],[6.4],[1.4],[1.8],[18.8],[36.7],[-5.9],[25.7],[8.6],[44.9],[9.3],[10.2],[32],[21.2],[-4.4],[26.3],[15.8],[40.1],[48],[32.6],[-4.3],[24.2],[12.5],[5.5],[27.7],[12.7],[-7],[11.6],[-38.7],[-18.3],[12.9],[2.9],[-8.7],[3.3],[2.9],[16.6],[22.6],[17.1],[-19.1],[222.7],[128.6],[-30.1],[-78.4],[-91.4],[-135.3],[14.1],[0],[62.1],[38.3],[-4.9]],[[-3.2],[-21.5],[-5.5],[17.8],[8.4],[-14.2],[-4.8],[-4],[33],[-17.2],[-9.4],[27.5],[3.4],[-19],[-12.4],[36.3],[-35],[31.5],[-22.2],[-3.5],[44.5],[47.6],[34.4],[-52.3],[72],[-64.2],[40.8],[25.8],[-36.8],[0.4],[-49.7],[11.5],[-18.3],[12],[18.8],[15.1],[-17.4],[28.7],[7.6],[56.3],[55.5],[-52.7],[251.9],[-115.6],[-40.3],[23.4],[-83.6],[-25.4],[-9.9],[-2.9],[81.1],[172.2],[151.5]],[[25.6],[30.9],[30.2],[35.6],[12.8],[16.3],[53.3],[30],[31.1],[22.6],[-3.2],[36],[-25],[26.7],[26.5],[24.6],[26.1],[36.8],[26.8],[46.3],[12.7],[14.4],[61],[72.6],[47.7],[26.3],[12.8],[36.7],[31.2],[65.8],[6.4],[92],[19.2],[3.1],[51.7],[29.6],[18.9],[28.7],[-1.4],[-12.2],[29.8],[21.8],[-74.2],[-155.6],[16.8],[26.8],[55.2],[29.2],[65],[85.2],[-13.4],[112],[81.7]],[[19.9],[-5.4],[-2.4],[-15.7],[9.5],[-1.3],[-5],[-8.6],[-11.8],[9.2],[-0.2],[0.5],[10.5],[6.5],[12],[-1.1],[10.3],[8.3],[0.6],[0.3],[-5.5],[6.7],[19.8],[-8.4],[-12],[12],[-15],[-1.5],[5.9],[7],[4.8],[-9.8],[2.7],[5.4],[-10.2],[4.7],[0.2],[-10.5],[8.3],[2.5],[9.4],[5.1],[-42.4],[-21.5],[-1.4],[17.3],[35.7],[11.6],[5.8],[3.6],[3.4],[-9],[-11.8]],[[5.7],[-4.9],[-0.5],[1.6],[-1.9],[0.3],[0.5],[0.3],[1.4],[-2.6],[2.8],[-0.6],[2.2],[-2.4],[1],[2.1],[-2.9],[5.1],[1.3],[1.3],[0.1],[-1.5],[2.3],[2.7],[1.5],[-1.6],[2.1],[3],[-0.7],[-3.7],[2.6],[5.3],[-2.3],[-5.9],[4.3],[-1.8],[0.7],[1.4],[4.7],[-0.3],[-0.8],[-1.9],[19.3],[-3.2],[20.2],[-6.6],[7.3],[18.5],[0.8],[-17],[6],[0.3],[-4.9]]]

[]

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Liabilities of ADIs grew $238.1b, driven by a:

$70.5b increase in deposits
$151.8b increase in derivatives as a result of global market volatility
$10.4b increase in equity as a result of increases in the value of equity of listed banks

ADIs' funding from deposits (transactions) grew $56.6b, with a:

$49.5b increase from household
$15.8b increase from state and local general governments, offset by a
$20.0b decrease from private non-financial corporations

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)
Sep-09	75.1	11.7	-18.8	-4.2	4.1	-13.5	95.6	0.3
Dec-09	14.5	6.7	-2.3	40.6	-32	5.5	-4.1	0.2
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	102.1	-11.2	16.8	-14.8	35.8	-1.4	84.9	-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	131.6	92.7	22.2	-8.6	-11.8	1.7	25	10.4
Dec-21	102.3	74.9	48.2	-0.7	1.3	9.7	-17	-14
Mar-22	160.8	43.7	-12.2	-1.6	95.3	3.3	22.2	9.9
Jun-22	203.9	79.5	32.8	20.3	152.6	11.2	-93.7	1.2
Sep-22	238.1	70.5	-3.7	6.7	151.8	5.2	10.4	-2.8

Change in authorised deposit taking institutions' liabilities

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

[["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"],[[75.1],[14.5],[24.2],[6.9],[35],[-2.1],[37.3],[-0.7],[74.4],[-18.1],[27.3],[56.9],[61],[30.7],[43.1],[92.6],[55],[100.2],[36.7],[59.1],[70.9],[146.1],[176.2],[-72.8],[111.7],[52],[-8.8],[77.2],[1.8],[119.3],[-23.7],[35.2],[-15.9],[45.5],[35.5],[54.1],[12.5],[10.3],[41.5],[124.5],[121.2],[-89.4],[327.5],[-99.9],[-74],[102.1],[0.7],[55.2],[131.6],[102.3],[160.8],[203.9],[238.1]],[[11.7],[6.7],[14],[40.4],[49.2],[26.6],[38.5],[23.8],[63],[-1.3],[2.3],[52.5],[47.9],[31.7],[1.2],[14.1],[50.7],[40.5],[15.4],[34.4],[37.3],[37.9],[42.5],[7.6],[65.9],[22.9],[9.8],[50.5],[42.5],[67.8],[1.4],[34.6],[0.3],[33.7],[10.2],[13.7],[32.8],[1.8],[7.9],[23.1],[52.5],[1.7],[164.7],[24.9],[68.6],[-11.2],[50.5],[44.6],[92.7],[74.9],[43.7],[79.5],[70.5]],[[-18.8],[-2.3],[-3.6],[3.2],[-29.4],[11],[6],[-5.6],[8],[3.9],[6.3],[-5],[-20.6],[9.5],[6.6],[31],[-17.9],[1.8],[13.7],[18.3],[-5.8],[20.1],[11.2],[9.6],[-2.4],[5.8],[-18.7],[0.1],[-11.2],[14.1],[1.1],[17.1],[11.4],[-13.3],[11.3],[3.4],[-29.3],[22.6],[-1.5],[-24.3],[-6.3],[22.4],[-15],[-23.8],[-27.1],[16.8],[17.5],[6.1],[22.2],[48.2],[-12.2],[32.8],[-3.7]],[[-4.2],[40.6],[2.3],[13.1],[-13],[-18.4],[-5.9],[-4.2],[24],[-22.7],[4],[-2.7],[6.3],[-16.4],[-10],[14.2],[6],[14.9],[-5.1],[2.7],[15.7],[18.3],[11.1],[10.2],[29.1],[0.8],[0.1],[13.5],[-12.5],[-7.2],[-15.6],[3.2],[0.6],[6.3],[25.7],[8.8],[14.5],[4.6],[-9.3],[12.5],[6.4],[-27.3],[45.9],[-49.1],[-28.2],[-14.8],[-28.8],[5.4],[-8.6],[-0.7],[-1.6],[20.3],[6.7]],[[4.1],[-32],[8.7],[8.7],[17.7],[-17],[-6.2],[-5.2],[3.5],[4.2],[-8.8],[22.6],[-4.8],[-10.5],[-5.8],[31.9],[-18.1],[17.1],[-3.8],[1.3],[37.7],[44.1],[40.2],[-55.8],[52.1],[-32],[55.5],[14.1],[-33.7],[-4.5],[-32.9],[11.9],[-28],[11.5],[6.6],[18.7],[-9.1],[20.6],[13.9],[58.6],[52.7],[-38.3],[205.9],[-70],[-54.9],[35.8],[-99.6],[-29.7],[-11.8],[1.3],[95.3],[152.6],[151.8]],[[-13.5],[5.5],[-14.9],[-4.9],[-13.1],[1.9],[-2.8],[5.4],[6.5],[-14.4],[2.7],[-5.1],[0.4],[-3.3],[0.7],[1.7],[0.5],[4.9],[0.6],[1.2],[9],[-6.7],[1.1],[2.9],[7],[5.3],[0.9],[-2],[-4.1],[3.7],[-3.7],[4.8],[-3.1],[6.6],[4.6],[-0.3],[5],[-1.3],[12.2],[8.9],[8.4],[-1],[37.2],[-20.3],[-12.8],[-1.4],[-4.9],[-0.9],[1.7],[9.7],[3.3],[11.2],[5.2]],[[95.6],[-4.1],[18.5],[-53.5],[23.8],[-5],[6.6],[-14.8],[-31],[13],[19.4],[-5.1],[30.6],[19.1],[50],[-3.8],[33],[21.6],[13.4],[0.7],[-22.3],[31.4],[65.7],[-49.2],[-39.6],[49.2],[-58.4],[-0.7],[20.5],[48.5],[26.8],[-38.7],[2.5],[4.8],[-29.3],[13.6],[-6],[-33.2],[12.5],[39.9],[12.5],[-41.2],[-131.1],[44.7],[-20.2],[84.9],[60.2],[32.1],[25],[-17],[22.2],[-93.7],[10.4]],[[0.3],[0.2],[-0.9],[-0.1],[-0.2],[-1.3],[0.9],[-0.1],[0.3],[-0.8],[1.5],[-0.3],[1.2],[0.7],[0.5],[3.4],[0.8],[-0.7],[2.6],[0.6],[-0.7],[1.1],[4.2],[1.8],[-0.4],[-0.1],[2.1],[1.7],[0.4],[-3.2],[-0.8],[2.3],[0.5],[-4.2],[6.4],[-3.6],[4.6],[-4.8],[5.8],[5.9],[-5.1],[-5.7],[19.9],[-6.3],[0.6],[-8.1],[5.7],[-2.4],[10.4],[-14],[9.9],[1.2],[-2.8]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	20.7	2,887.0	28.2	2,712.7	22.0	2,725.0
Deposits	-0.4	243.9	23.5	268.8	1.5	271.4
Debt securities	9.6	182.3	11.4	186.2	8.7	194.9
Shares and equity	9.0	2,383.7	-3.4	2,193.8	18.8	2,195.5
	Other private non-fin corps	12.2	436.4	6.1	394.2	9.6	406.5
	Non-money market investment funds	-9.8	949.9	-6.8	871.4	4.3	862.1
	Rest of world	7.3	502.9	-7.0	472.2	2.9	472.4
Net equity in life offices	-0.4	15.5	1.7	14.9	-0.2	14.5
Other assets	2.8	61.5	-5.1	49.0	-6.8	48.6

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	21.4	3,121.6	29.6	2,946.7	21.2	2,954.8
Net equity in reserves	24.0	3,074.6	36.7	2,884.4	24.6	2,879.0
	Households	23.8	3,069.9	36.5	2,880.3	24.4	2,875.0
Other liabilities	-2.6	47.0	-7.1	62.3	-3.4	75.8

Total financial assets of pension (superannuation) funds increased 0.5% ($12.3b), with a:

$5.8b increase in bonds
$2.9b increase in one name paper
$1.7b increase in shares and other equity.

Pension funds acquired $18.8b in shares and other equity of unlisted other private non-financial corporations and non-money market financial investment funds. Valuation losses of $17.0b on their equity assets were driven by holding losses on the equity of non-money market financial investment funds. Pension funds also invested in debt securities acquiring $6.1b in bonds and $2.6b in one name paper as they continue to diversify their investment portfolios.

Pension funds' transactions in financial assets
	Total assets ($b)	Deposits ($b)	Equities ($b)	Debt securities ($b)	Other (a) ($b)
Sep-09	17.6	1.3	8.1	7.9	0.4
Dec-09	13.8	-0.2	18.9	-4.4	-1.8
Mar-10	17.5	2.7	12.5	1.0	1.7
Jun-10	16.1	-1.0	14.6	-0.2	1.7
Sep-10	9.1	5.0	5.6	-3.4	1.0
Dec-10	15.4	0.5	14.2	3.6	-2.6
Mar-11	17.1	2.8	7.3	-1.6	7.9
Jun-11	25.7	15.6	11.4	-3.0	0.9
Sep-11	11.1	3.1	11.2	-0.5	-1.9
Dec-11	13.1	3.3	8.0	0.2	1.1
Mar-12	18.7	2.2	14.3	-0.8	2.9
Jun-12	33.1	18.5	14.9	-2.1	1.4
Sep-12	14.1	-0.7	12.7	3.0	-1.0
Dec-12	16.7	1.5	18.0	1.4	-4.3
Mar-13	19.1	4.1	14.9	1.7	-1.7
Jun-13	38.2	4.7	22.0	3.7	8.0
Sep-13	13.5	2.8	9.6	3.8	-3.0
Dec-13	24.6	2.4	20.6	0.2	1.4
Mar-14	20.8	6.0	15.2	0.5	-0.8
Jun-14	32.1	1.4	26.7	0.7	3.2
Sep-14	24.0	2.0	24.8	-0.5	-2.1
Dec-14	21.8	-0.1	24.1	0.0	-2.4
Mar-15	16.8	2.1	14.0	-2.0	2.7
Jun-15	35.1	1.7	24.9	1.8	6.7
Sep-15	19.4	-2.7	23.9	2.5	-4.3
Dec-15	16.5	0.5	14.4	1.2	0.3
Mar-16	7.4	-2.8	14.1	-1.7	-2.4
Jun-16	30.3	11.1	21.3	3.3	-5.6
Sep-16	12.5	-1.4	78.5	8.5	-73.1
Dec-16	19.4	-2.4	17.8	4.9	-1.0
Mar-17	19.0	4.7	11.6	5.6	-2.8
Jun-17	39.5	18.1	10.9	8.1	2.2
Sep-17	10.9	-16.7	21.0	7.1	-0.5
Dec-17	20.9	-4.4	26.0	1.5	-2.3
Mar-18	15.1	-1.9	15.3	3.3	-1.5
Jun-18	23.8	3.2	18.8	3.5	-1.8
Sep-18	12.4	2.6	14.3	-1.5	-3.0
Dec-18	14.6	-5.6	13.5	8.9	-2.2
Mar-19	14.7	3.3	12.5	0.9	-2.0
Jun-19	27.1	8.6	44.4	9.7	-35.6
Sep-19	12.9	6.5	16.2	-0.2	-9.5
Dec-19	23.9	-6.3	20.7	9.1	0.4
Mar-20	13.6	37.0	-8.5	-14.8	-0.2
Jun-20	9.2	2.3	55.5	12.1	-60.7
Sep-20	6.6	-12.5	25.5	-4.7	-1.7
Dec-20	18.9	-11.0	24.1	8.8	-3.0
Mar-21	21.6	2.7	19.2	1.4	-1.8
Jun-21	37.6	8.7	24.5	3.2	1.2
Sep-21	17.4	-7.7	36.0	-4.9	-5.9
Dec-21	17.5	-5.0	28.5	-2.0	-4.0
Mar-22	20.7	-0.4	9.0	9.6	2.4
Jun-22	28.2	23.5	-3.4	11.4	-3.4
Sep-22	22.0	1.5	18.8	8.7	-7.0

Pension funds' transactions in financial assets

["","Total assets","Deposits","Equities","Debt securities","Other (a)"]

[["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"],[[17.6],[13.8],[17.5],[16.1],[9.1],[15.4],[17.1],[25.7],[11.1],[13.1],[18.7],[33.1],[14.1],[16.7],[19.1],[38.2],[13.5],[24.6],[20.8],[32.1],[24],[21.8],[16.8],[35.1],[19.4],[16.5],[7.4],[30.3],[12.5],[19.4],[19],[39.5],[10.9],[20.9],[15.1],[23.8],[12.4],[14.6],[14.7],[27.1],[12.9],[23.9],[13.6],[9.2],[6.6],[18.9],[21.6],[37.6],[17.4],[17.5],[20.7],[28.2],[22]],[[1.3],[-0.2],[2.7],[-1],[5],[0.5],[2.8],[15.6],[3.1],[3.3],[2.2],[18.5],[-0.7],[1.5],[4.1],[4.7],[2.8],[2.4],[6],[1.4],[2],[-0.1],[2.1],[1.7],[-2.7],[0.5],[-2.8],[11.1],[-1.4],[-2.4],[4.7],[18.1],[-16.7],[-4.4],[-1.9],[3.2],[2.6],[-5.6],[3.3],[8.6],[6.5],[-6.3],[37],[2.3],[-12.5],[-11],[2.7],[8.7],[-7.7],[-5],[-0.4],[23.5],[1.5]],[[8.1],[18.9],[12.5],[14.6],[5.6],[14.2],[7.3],[11.4],[11.2],[8],[14.3],[14.9],[12.7],[18],[14.9],[22],[9.6],[20.6],[15.2],[26.7],[24.8],[24.1],[14],[24.9],[23.9],[14.4],[14.1],[21.3],[78.5],[17.8],[11.6],[10.9],[21],[26],[15.3],[18.8],[14.3],[13.5],[12.5],[44.4],[16.2],[20.7],[-8.5],[55.5],[25.5],[24.1],[19.2],[24.5],[36],[28.5],[9],[-3.4],[18.8]],[[7.9],[-4.4],[1],[-0.2],[-3.4],[3.6],[-1.6],[-3],[-0.5],[0.2],[-0.8],[-2.1],[3],[1.4],[1.7],[3.7],[3.8],[0.2],[0.5],[0.7],[-0.5],[0],[-2],[1.8],[2.5],[1.2],[-1.7],[3.3],[8.5],[4.9],[5.6],[8.1],[7.1],[1.5],[3.3],[3.5],[-1.5],[8.9],[0.9],[9.7],[-0.2],[9.1],[-14.8],[12.1],[-4.7],[8.8],[1.4],[3.2],[-4.9],[-2],[9.6],[11.4],[8.7]],[[0.4],[-1.8],[1.7],[1.7],[1],[-2.6],[7.9],[0.9],[-1.9],[1.1],[2.9],[1.4],[-1],[-4.3],[-1.7],[8],[-3],[1.4],[-0.8],[3.2],[-2.1],[-2.4],[2.7],[6.7],[-4.3],[0.3],[-2.4],[-5.6],[-73.1],[-1],[-2.8],[2.2],[-0.5],[-2.3],[-1.5],[-1.8],[-3],[-2.2],[-2],[-35.6],[-9.5],[0.4],[-0.2],[-60.7],[-1.7],[-3],[-1.8],[1.2],[-5.9],[-4],[2.4],[-3.4],[-7]]]

[]

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(a) "Other" includes derivatives, loans, insurance technical reserves and other accounts receivable.

Government

National general government financial assets

National general government selected assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	13.3	674.2	25.1	687.9	-21.7	666.2
Deposits	3.5	101.6	32.9	135.2	-22.6	112.7
	Central bank	-1.9	68.0	34.0	102.0	-23.3	78.7
	Authorised deposit taking institutions	4.2	26.0	-1.1	25.1	1.0	26.2
One name paper	-2.4	43.0	-7.3	35.9	0.8	36.8
Shares and equity	2.2	175.0	4.7	178.2	0.6	176.7
Other assets	10.0	354.5	-5.2	338.7	-0.5	339.9

National general government liabilities

National general government selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	15.7	1,372.1	28.7	1,269.9	-3.2	1,264.2
One name paper	-5.9	29.0	1.0	30.0	-1.3	28.7
Bonds	20.5	849.1	27.1	832.8	-4.1	819.0
	Central bank	19.3	281.8	4.6	273.2	-3.2	266.4
	Authorised deposit taking institutions	-9.5	73.3	6.7	76.5	-5.9	69.6
	Rest of world	13.3	386.6	12.5	377.3	4.9	378.1
Other liabilities	1.0	494.1	0.6	407.1	2.1	416.5

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total assets	-2.1	622.4	7.7	653.6	8.5	682.7
Deposits	0.1	89.8	1.4	91.2	15.9	107.1
Loans and placements	-1.9	62.4	5.7	68.1	0.6	68.7
Shares and equity	0.0	439.0	1.6	464.4	-7.6	477.6
	State and local PNFCs	0.0	313.5	0.0	323.1	-9.8	328.7
	Other private non-fin corps	-0.3	38.7	0.4	38.2	1.7	39.8
Other assets	-0.3	31.3	-0.9	29.9	-0.5	29.3

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Mar-22	Amounts outstanding, Mar-22	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22
Total liabilities	0.0	553.1	19.4	552.0	21.4	575.2
Loans and placements	-1.4	335.3	18.5	353.8	19.7	373.6
	Central borrowing authorities	-2.3	312.6	13.4	326.0	16.4	342.4
Unfunded superannuation claims	0.9	142.2	1.0	123.1	0.8	116.1
Other liabilities	0.4	75.7	-0.1	75.0	0.8	85.5

General government

General government (national, and state and local) were net borrowers of $31.5b, mainly driven by a:

$19.8b increase in loan liabilities

National general government net bond transactions were -$4.1b, due to a $24.8b bond line maturity in July that outweighed any new issuance. This was the first net negative transaction since since December 2019. The winding down of measures implemented during the COVID-19 pandemic has reduced the government's liquidity requirements. Loan liabilities of state and local governments continued to grow.

The total value of national government bonds outstanding ($819.0b) continued to fall due to further increases in bond yields.

Deposits decreased $6.5b, driven by a strong decrease in national general government deposits with the central bank, which were used to fund the bond maturity in July. This was partially offset by a $15.9b increase in state and local general government deposits reflecting their involvement in merger and acquisition activity.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other (a) ($b)
Sep-09	0.0	0.0	0.0	0.0	0.0	0.0
Dec-09	-18.9	-3.2	-10.5	-11.9	-1.1	7.8
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	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	10.1
Mar-21	-20.2	-15.1	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	10.2	0.0	-23.9	-27.0	-7.4
Dec-21	-28.9	9.0	-5.2	-10.1	-5.8	-16.7
Mar-22	-4.4	3.7	3.5	-19.9	1.2	7.2
Jun-22	-15.2	34.2	-8.6	-27.7	-13.0	-0.2
Sep-22	-31.5	-6.7	1.3	2.2	-20.2	-8.1

General government's change in financial position

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

[["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"],[[0],[-18.9],[-13.8],[-11.2],[-25.1],[-15.2],[-17.3],[-20.2],[-30.5],[-14.7],[-11.2],[-32.2],[-26.2],[-11.1],[-17.3],[-11.3],[-21.1],[-9],[-11.7],[-12.2],[-18.7],[-13.8],[-4.8],[-4.4],[-16.3],[-5.4],[-10.3],[-7.9],[-21.8],[-19.4],[2.3],[-12.3],[-17.8],[-3],[-0.3],[-0.4],[-17.1],[-9.3],[-0.7],[-10.9],[-24.2],[-15.4],[-15.6],[-91.2],[-116.1],[-50.6],[-20.2],[-17],[-48.1],[-28.9],[-4.4],[-15.2],[-31.5]],[[0],[-3.2],[2.8],[6],[-5.8],[-2.5],[2],[8],[-3.5],[11.3],[3.4],[-7.4],[9.3],[2.9],[0.5],[1],[6],[5.6],[13.5],[-8.4],[6.5],[0.4],[12.2],[-5.1],[1.9],[-7],[9.3],[1.1],[-3.1],[11.5],[7.9],[15.7],[-24.2],[8.6],[-1],[5],[-3.3],[-18.2],[-1.4],[6.6],[0.3],[-7.7],[21.2],[46.9],[42.4],[-32.3],[-15.1],[1.1],[10.2],[9],[3.7],[34.2],[-6.7]],[[0],[-10.5],[-1.8],[-2.3],[-8.7],[0.2],[0.3],[1.2],[-0.3],[0.9],[-1.7],[1.4],[-3.5],[-5.3],[1.8],[14.3],[-1.5],[-0.4],[8.6],[-3.3],[-1.7],[-1.1],[3.5],[-0.2],[-1.9],[5.8],[1.7],[0.5],[3.7],[0.8],[0.5],[6.9],[0.5],[-5.6],[-2.2],[6.2],[-0.3],[2],[1.6],[0.1],[-1.3],[-4],[-16.3],[-25.8],[0.1],[16.5],[14],[4.6],[0],[-5.2],[3.5],[-8.6],[1.3]],[[0],[-11.9],[-10.8],[-16.1],[-6.5],[-11.6],[-12.5],[-10.4],[-21.4],[-22],[-13.9],[-4.9],[-15.2],[-10.8],[-13.3],[-8.7],[-24.7],[-16.4],[-27.8],[-4.6],[-18.4],[-10.9],[-16],[-7.2],[-26.2],[-7.6],[-22.1],[-4.8],[-24],[-23.7],[-20.7],[-19.8],[-0.9],[-14.7],[-5.1],[-11.3],[-1.6],[-2.3],[3.7],[-10.5],[-13.7],[0.9],[-15.6],[-71],[-117.2],[-23],[-21.9],[-5.7],[-23.9],[-10.1],[-19.9],[-27.7],[2.2]],[[0],[-1.1],[-3.5],[-1.2],[-5.5],[4.9],[-4.5],[-7.6],[-13.9],[-2.1],[1.7],[-7.3],[-17.4],[7.5],[-3.7],[3.5],[-12.2],[1.8],[-3.3],[-1.2],[-4.2],[-0.4],[-1.2],[5.8],[-2.7],[8.5],[0],[-2.3],[-0.3],[9.4],[2.3],[0.1],[-3],[1.3],[2.3],[6.2],[-1.8],[-3.1],[0.4],[-2.5],[-8.5],[-6.4],[-12.9],[-26.5],[-31.1],[-21.9],[-0.6],[1.1],[-27],[-5.8],[1.2],[-13],[-20.2]],[[0],[7.8],[-0.5],[2.5],[1.4],[-6.2],[-2.6],[-11.3],[8.5],[-2.9],[-0.8],[-14],[0.6],[-5.4],[-2.5],[-21.4],[11.3],[0.4],[-2.8],[5.3],[-0.9],[-1.8],[-3.4],[2.3],[12.5],[-5.1],[0.8],[-2.4],[1.9],[-17.3],[12.2],[-15.2],[9.8],[7.4],[5.7],[-6.6],[-10.1],[12.3],[-5.1],[-4.7],[-1],[1.8],[8.1],[-14.8],[-10.4],[10.1],[3.3],[-18.2],[-7.4],[-16.7],[7.2],[-0.2],[-8.1]]]

[]

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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 borrowing position fell $17.1b this quarter, from a net lending position of $14.6b to a net borrowing position of $2.5b.

This was driven by a:

$12.9b decrease in national net saving
$3.2b increase in gross fixed capital formation
$2.1b increase in change in inventories

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
Sep-65	-4.4
Dec-65	-3.7
Mar-66	-2.8
Jun-66	-1.8
Sep-66	-1.9
Dec-66	-1.9
Mar-67	-2.6
Jun-67	-1.9
Sep-67	-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	-0.9
Dec-71	-1.4
Mar-72	-0.2
Jun-72	1.1
Sep-72	1.6
Dec-72	2.2
Mar-73	2.0
Jun-73	1.6
Sep-73	0.4
Dec-73	0.4
Mar-74	-1.9
Jun-74	-3.5
Sep-74	-3.1
Dec-74	-2.5
Mar-75	-0.4
Jun-75	0.1
Sep-75	-1.1
Dec-75	-1.9
Mar-76	-1.8
Jun-76	-1.1
Sep-76	-1.2
Dec-76	-1.8
Mar-77	-3.0
Jun-77	-2.9
Sep-77	-3.1
Dec-77	-1.2
Mar-78	-2.9
Jun-78	-3.1
Sep-78	-3.7
Dec-78	-3.6
Mar-79	-2.0
Jun-79	-2.0
Sep-79	-1.8
Dec-79	-0.8
Mar-80	-1.0
Jun-80	-1.8
Sep-80	-3.9
Dec-80	-3.3
Mar-81	-2.9
Jun-81	-4.2
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	-4.4
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	-3.0
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	-1.8
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	-5.4
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	-4.4
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	-4.3
Sep-16	-3.3
Dec-16	-1.5
Mar-17	-1.9
Jun-17	-2.5
Sep-17	-2.6
Dec-17	-3.4
Mar-18	-2.6
Jun-18	-2.9
Sep-18	-2.1
Dec-18	-1.3
Mar-19	-1.0
Jun-19	0.4
Sep-19	1.3
Dec-19	0.4
Mar-20	0.9
Jun-20	3.1
Sep-20	1.8
Dec-20	3.0
Mar-21	3.6
Jun-21	3.4
Sep-21	3.7
Dec-21	1.7
Mar-22	0.3
Jun-22	2.4
Sep-22	-0.4

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

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

[["Sep-65","Dec-65","Mar-66","Jun-66","Sep-66","Dec-66","Mar-67","Jun-67","Sep-67","Dec-67","Mar-68","Jun-68","Sep-68","Dec-68","Mar-69","Jun-69","Sep-69","Dec-69","Mar-70","Jun-70","Sep-70","Dec-70","Mar-71","Jun-71","Sep-71","Dec-71","Mar-72","Jun-72","Sep-72","Dec-72","Mar-73","Jun-73","Sep-73","Dec-73","Mar-74","Jun-74","Sep-74","Dec-74","Mar-75","Jun-75","Sep-75","Dec-75","Mar-76","Jun-76","Sep-76","Dec-76","Mar-77","Jun-77","Sep-77","Dec-77","Mar-78","Jun-78","Sep-78","Dec-78","Mar-79","Jun-79","Sep-79","Dec-79","Mar-80","Jun-80","Sep-80","Dec-80","Mar-81","Jun-81","Sep-81","Dec-81","Mar-82","Jun-82","Sep-82","Dec-82","Mar-83","Jun-83","Sep-83","Dec-83","Mar-84","Jun-84","Sep-84","Dec-84","Mar-85","Jun-85","Sep-85","Dec-85","Mar-86","Jun-86","Sep-86","Dec-86","Mar-87","Jun-87","Sep-87","Dec-87","Mar-88","Jun-88","Sep-88","Dec-88","Mar-89","Jun-89","Sep-89","Dec-89","Mar-90","Jun-90","Sep-90","Dec-90","Mar-91","Jun-91","Sep-91","Dec-91","Mar-92","Jun-92","Sep-92","Dec-92","Mar-93","Jun-93","Sep-93","Dec-93","Mar-94","Jun-94","Sep-94","Dec-94","Mar-95","Jun-95","Sep-95","Dec-95","Mar-96","Jun-96","Sep-96","Dec-96","Mar-97","Jun-97","Sep-97","Dec-97","Mar-98","Jun-98","Sep-98","Dec-98","Mar-99","Jun-99","Sep-99","Dec-99","Mar-00","Jun-00","Sep-00","Dec-00","Mar-01","Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22"],[[-4.4],[-3.7],[-2.8],[-1.8],[-1.9],[-1.9],[-2.6],[-1.9],[-2.9],[-2.9],[-5.2],[-3.2],[-3.7],[-2.4],[-2.4],[-2.3],[-1.4],[-1.7],[-1.4],[-1.9],[-1.5],[-1.7],[-2.1],[-1.1],[-0.9],[-1.4],[-0.2],[1.1],[1.6],[2.2],[2],[1.6],[0.4],[0.4],[-1.9],[-3.5],[-3.1],[-2.5],[-0.4],[0.1],[-1.1],[-1.9],[-1.8],[-1.1],[-1.2],[-1.8],[-3],[-2.9],[-3.1],[-1.2],[-2.9],[-3.1],[-3.7],[-3.6],[-2],[-2],[-1.8],[-0.8],[-1],[-1.8],[-3.9],[-3.3],[-2.9],[-4.2],[-4.1],[-5.4],[-5.5],[-4.8],[-3.5],[-3.4],[-3.6],[-3],[-3.7],[-2.9],[-4],[-3.5],[-4.5],[-5.2],[-4.1],[-4.5],[-5.6],[-5.7],[-6],[-5.6],[-4.8],[-4.4],[-4.1],[-3.2],[-3.3],[-3.3],[-3],[-2.9],[-3.9],[-4.9],[-5.6],[-6],[-6.5],[-6.3],[-6.2],[-4.4],[-4.2],[-4.9],[-3.9],[-3.3],[-3.1],[-3],[-3],[-3.3],[-3.8],[-3.2],[-3],[-3.2],[-3.3],[-3],[-2.9],[-4.4],[-5.5],[-5.4],[-5.8],[-5.1],[-4.5],[-4.9],[-4],[-2.8],[-3.9],[-3.4],[-3],[-2],[-3.1],[-3.7],[-5.1],[-4.2],[-5.6],[-5],[-5.7],[-6],[-5.7],[-4.8],[-4.9],[-5],[-3.4],[-3.5],[-2.5],[-2.2],[-1.8],[-2.8],[-2.7],[-3.6],[-3.9],[-5],[-5],[-5.6],[-5.4],[-5.4],[-5.7],[-5.6],[-6.6],[-7.3],[-6.6],[-5.7],[-6],[-5.8],[-5.4],[-6.3],[-5.8],[-6],[-6.1],[-6.7],[-6.9],[-7.3],[-6.8],[-5.9],[-4],[-2.9],[-1.5],[-5],[-5.3],[-6.4],[-5.4],[-3],[-3.1],[-3.3],[-3.4],[-3.1],[-2.6],[-3],[-4.7],[-3.7],[-4.4],[-4.7],[-3.6],[-3.5],[-3.7],[-2.8],[-2.7],[-3.1],[-3.4],[-3.1],[-3.4],[-5.1],[-4.8],[-5.3],[-4.3],[-4.3],[-3.3],[-1.5],[-1.9],[-2.5],[-2.6],[-3.4],[-2.6],[-2.9],[-2.1],[-1.3],[-1],[0.4],[1.3],[0.4],[0.9],[3.1],[1.8],[3],[3.6],[3.4],[3.7],[1.7],[0.3],[2.4],[-0.4]]]

[]

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National net borrowing as a proportion of GDP decreased this quarter driven by a fall in net savings.

Financial corporations' net lending decreased by $0.6b to $9.9b
Non-financial corporations' net borrowing decreased by $16.3b from a net lending position of $6.9b to a net borrowing position of $9.4b
General government net borrowing increased by $1.9b to $13.9b
Households' net lending decreased by $4.7b to $12.7

Notable drivers were:

Financial corporations' net lending was driven by a decrease in capital transfers, and an increase in gross fixed capital formation
Non-financial corporations' net borrowing was driven by a decrease in net savings and an increase in change in inventories
Households' net lending was driven by a decrease in net saving driven by a large rise in household consumption

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-09	-9.7	-0.4	-14.1	5.5
Dec-09	-7.3	6.3	-20.0	3.4
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	10.8
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	-23.7	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	-22.7	5.7	-7.2	10.4
Sep-15	-25.3	7.8	-7.1	6.8
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	-5.7	1.5
Mar-17	-9.6	5.4	-3.0	1.7
Jun-17	-10.7	8.4	-8.5	0.5
Sep-17	-15.2	8.3	-5.3	0.2
Dec-17	-15.6	6.2	-6.7	3.0
Mar-18	-15.2	8.2	-6.2	1.8
Jun-18	-20.5	7.7	-5.0	0.6
Sep-18	-15.8	6.1	-5.0	2.4
Dec-18	-14.7	7.0	-7.6	6.3
Mar-19	-10.6	7.0	-8.1	9.8
Jun-19	-6.0	7.8	-6.3	8.2
Sep-19	-6.4	5.3	-11.6	16.2
Dec-19	-8.3	5.4	-11.7	13.6
Mar-20	-3.5	3.3	-15.3	22.5
Jun-20	30.8	14.4	-99.9	71.0
Sep-20	28.1	6.7	-90.5	62.9
Dec-20	20.8	5.3	-48.9	37.8
Mar-21	11.8	2.8	-31.5	36.5
Jun-21	7.7	6.6	-18.6	27.3
Sep-21	0.7	6.6	-40.5	54.2
Dec-21	-5.2	6.6	-25.7	32.1
Mar-22	-2.0	-1.0	-17.1	26.3
Jun-22	6.9	10.5	-15.8	17.4
Sep-22	-9.4	9.9	-13.9	12.7

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

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

[["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"],[[-9.7],[-7.3],[-9.1],[-6.9],[-9.9],[-11.3],[-17.1],[-19.2],[-14.9],[-17.3],[-24.9],[-21.2],[-23.7],[-28.8],[-22.1],[-26.1],[-21.3],[-22.2],[-20.6],[-22.8],[-23.5],[-20.4],[-22.7],[-22.7],[-25.3],[-25.1],[-21.8],[-20.4],[-17.7],[-10.6],[-9.6],[-10.7],[-15.2],[-15.6],[-15.2],[-20.5],[-15.8],[-14.7],[-10.6],[-6],[-6.4],[-8.3],[-3.5],[30.8],[28.1],[20.8],[11.8],[7.7],[0.7],[-5.2],[-2],[6.9],[-9.4]],[[-0.4],[6.3],[6.4],[13.1],[10.4],[9.2],[8.5],[13.2],[11.6],[11],[12.3],[10.8],[12.3],[11.7],[9.7],[10.2],[9.1],[9],[9.2],[8.3],[8.6],[6.3],[7.7],[5.7],[7.8],[9.4],[8.2],[9.4],[9],[7.8],[5.4],[8.4],[8.3],[6.2],[8.2],[7.7],[6.1],[7],[7],[7.8],[5.3],[5.4],[3.3],[14.4],[6.7],[5.3],[2.8],[6.6],[6.6],[6.6],[-1],[10.5],[9.9]],[[-14.1],[-20],[-21.8],[-16.3],[-15.7],[-15.5],[-17.1],[-16.7],[-16.3],[-19.5],[-14.3],[-19.1],[-13.4],[-11.8],[-14.1],[-4.6],[-11.8],[-11.4],[-12.3],[-9.1],[-10.3],[-10.5],[-8.3],[-7.2],[-7.1],[-7.1],[-11.1],[-11.8],[-10.8],[-5.7],[-3],[-8.5],[-5.3],[-6.7],[-6.2],[-5],[-5],[-7.6],[-8.1],[-6.3],[-11.6],[-11.7],[-15.3],[-99.9],[-90.5],[-48.9],[-31.5],[-18.6],[-40.5],[-25.7],[-17.1],[-15.8],[-13.9]],[[5.5],[3.4],[5.5],[3.4],[5.5],[9.4],[10.8],[10],[11.9],[15.2],[10.7],[13.1],[6.4],[9.5],[11.7],[10.4],[9.3],[11.1],[11.4],[13.4],[10.4],[10],[8.6],[10.4],[6.8],[3.2],[2.9],[3.8],[3.2],[1.5],[1.7],[0.5],[0.2],[3],[1.8],[0.6],[2.4],[6.3],[9.8],[8.2],[16.2],[13.6],[22.5],[71],[62.9],[37.8],[36.5],[27.3],[54.2],[32.1],[26.3],[17.4],[12.7]]]

[]

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Capital Investment

National capital investment increased to 22.8% as a proportion of GDP, also increasing 2.3% in current price seasonally adjusted terms.

Relative to GDP:

Household capital investment increased to 8.0%
Non-financial corporations' capital investment increased to 10.4%
Financial corporations' capital investment was flat at 0.5%
General government capital investment decreased to 3.8%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment increased, driven by an increase in public and private non-financial corporations
General government capital investment decreased, driven by a decrease in both national and state and local general government

Gross fixed capital formation, by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-09	44.0	2.1	11.6	26.9
Dec-09	46.0	2.2	13.2	27.8
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	17.3	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	52.3	3.0	19.4	38.0
Sep-19	53.3	2.9	19.5	38.2
Dec-19	52.6	2.9	20.2	38.0
Mar-20	52.5	2.7	19.7	37.9
Jun-20	50.9	2.6	19.4	35.1
Sep-20	50.5	2.6	19.0	36.3
Dec-20	51.6	2.7	19.9	39.0
Mar-21	54.2	2.8	20.1	42.1
Jun-21	56.5	2.9	22.0	44.7
Sep-21	57.2	2.9	21.6	46.1
Dec-21	58.2	2.9	21.4	47.2
Mar-22	59.6	2.9	22.3	48.2
Jun-22	62.8	3.0	24.1	48.4
Sep-22	64.4	3.1	23.5	49.3

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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"],[[44],[46],[44.4],[44.7],[45.5],[46.7],[49.1],[50.3],[56.4],[55.6],[61],[64],[63.8],[65.9],[62.1],[62.5],[63.4],[63],[60.7],[59.6],[56.8],[56.2],[55],[54.5],[52.6],[51.8],[49.3],[47.3],[45.4],[47.3],[46.6],[45.6],[51.1],[50],[50.7],[50.6],[51.8],[51.4],[51.9],[52.3],[53.3],[52.6],[52.5],[50.9],[50.5],[51.6],[54.2],[56.5],[57.2],[58.2],[59.6],[62.8],[64.4]],[[2.1],[2.2],[2.2],[2.1],[2.1],[2.1],[2.2],[2.2],[2.2],[2.2],[2.3],[2.3],[2.5],[2.5],[2.5],[2.5],[2.4],[2.3],[2.4],[2.4],[2.7],[2.8],[2.7],[2.6],[2.9],[2.9],[2.8],[2.8],[2.8],[2.8],[2.8],[2.8],[2.5],[3],[3],[3],[3],[3],[2.9],[3],[2.9],[2.9],[2.7],[2.6],[2.6],[2.7],[2.8],[2.9],[2.9],[2.9],[2.9],[3],[3.1]],[[11.6],[13.2],[15.1],[14.4],[14],[14],[13.6],[12.2],[12.8],[15.3],[12.3],[13.7],[13.1],[12.7],[13.2],[11.6],[12.3],[12.7],[13.1],[13],[13],[12.5],[12.3],[13.1],[12.1],[12.3],[14.3],[14.9],[13.8],[14.4],[15.7],[18.3],[16.7],[17.3],[17.3],[18.1],[18.5],[18.8],[19],[19.4],[19.5],[20.2],[19.7],[19.4],[19],[19.9],[20.1],[22],[21.6],[21.4],[22.3],[24.1],[23.5]],[[26.9],[27.8],[27.3],[27.9],[28.8],[28.3],[29],[29],[28.3],[27.5],[27.4],[27.3],[28],[28.3],[28],[29],[29.6],[30.2],[31.1],[31.6],[33.5],[35.2],[36.3],[36.1],[37.9],[38.1],[38.5],[39.5],[40],[40.9],[41],[41.3],[40.7],[40.9],[42],[42.7],[41.5],[40.4],[39.1],[38],[38.2],[38],[37.9],[35.1],[36.3],[39],[42.1],[44.7],[46.1],[47.2],[48.2],[48.4],[49.3]]]

[]

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Data downloads

Download all (10.5 MB)

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [271.41 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [254.33 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [81.28 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [105.42 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [78.79 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [385.29 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [75.27 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [380.41 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [232.91 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [386.24 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.82 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [267.33 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.57 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [358.56 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
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TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [495.73 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [319.4 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [227.28 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [70.14 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [297.1 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [293.19 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [144.61 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [274.61 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [261.79 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [203.4 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [320.88 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [78.22 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [304.76 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [77.54 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [278.75 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [77.52 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [194.41 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [77.85 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [257.26 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [80.38 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [66.84 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [67.34 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [460.61 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [80.87 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [116.34 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [128.45 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [108.01 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [359.36 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [466.6 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [191.9 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [156.36 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [358.34 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [258.46 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [322.93 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [398.26 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [54.29 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [56.81 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [154.49 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [358.96 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

This issue contains revisions to the original estimates of the capital accounts back to September quarter 1988 due to the incorporation of revisions to GDP and its components and income account.

There have been revisions to previously published aggregates due to quality assurance reviews affecting the published aggregates after September quarter 2018, 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.

Methodology

Australian National Accounts: Finance and Wealth methodology, September 2022

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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 September quarter 2022

Amounts outstanding at end of September quarter 2022

National investment

Financial investment

Households

Non-financial corporations

General government

Demand for credit

Demand for credit table

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)

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

TABLE 31. State and Local General Government Capital Account, Current prices ($ million)