Document ID: chunk:federal_register_of_legislation:F2015L01998:body:0:p10
Version: federal_register_of_legislation:F2015L01998
Segment Type: other
Provision Reference: 
Character Range: 30130–33346

other financial institutions; and

            * other.

Shares  Represents securities which represent ownership of part of a company.

        Includes: listed and unlisted shares. Excludes: equity derivatives such as exchange traded options; units in trusts.

Glossary of additional terms

Core principles

The macroeconomic statistics produced by the ABS centre around the internationally accepted key standard, the System of National Accounts (SNA) 2008. SNA provides an overarching national accounting framework that is integrated, coherent and maximises international comparability.

Under the SNA, financial statistics are presented in a flow of funds or so-called from-whom-to-whom format to measure the "stocks" and "flows" of financial assets and liabilities throughout the Australian economy and with the rest of the world. A flow of funds concept is designed to delineate both parties to a transaction, as well as the nature of the financial instrument transacted. This concept also underpins the classification schema used in this form.

Residency

An institutional unit is resident in one and only one economic territory. In general, the residence of an institutional unit is determined by the unit's centre of predominant economic interest.

Individual members of households who leave the economic territory of a country and return after a limited period (less than one year) continue to be regarded as residents of that country.

For example, a member of a resident Australian household who travels abroad for recreation, business, health or other purposes and returns within one year is treated while abroad as a resident of Australia. An exception to the one year rule is made in the case of students, who are treated as residents of the country where they had been prior to studying. If a student develops the intention to remain in the country after completion of studies, they are counted as a resident of that country.

The residence of a financial instrument is determined by the residence of the issuer rather than the domicile of the financial instrument itself. For example, holdings of bonds issued by a non-resident into the Australian Market would be recorded as non-resident asset. Conversely, holdings of bonds issued internationally by an Australian resident would be recorded as a resident asset by an Australian registrable superannuation entity.

Non-resident         Represents any individual, enterprise or other organisation ordinarily domiciled in a country other than Australia.

                     Includes: foreign branches and foreign subsidiaries of Australian enterprises.

                     Excludes: Australian-based branches and subsidiaries of foreign businesses.

Australian resident  Represents any individual, enterprise or other organisation ordinarily domiciled in Australia's economic territory.

                     Includes: Australian registered branches and incorporated subsidiaries of foreign enterprises.

Domicile type

Represents the jurisdiction in which a financial instrument is constituted. For ABS purposes, debt liabilities are classified as either Australian domicile or international domicile. For debt securities, this refers