Document ID: chunk:federal_register_of_legislation:F2017L01022:body:0:p13
Version: federal_register_of_legislation:F2017L01022
Segment Type: other
Provision Reference: 
Character Range: 35066–38214

funds, securities brokers, money market funds, pension funds, insurance companies, financial leasing corporations, central clearing counterparties, unit trusts, other financial auxiliaries and other captive financial institutions. Also include any public financial institutions such as development banks and export credit agencies.

Non-financial corporations refers to both public and private non-financial corporations as well as unincorporated enterprises that function as if they were corporations, such as partnerships and branches of foreign corporations.

Non-residents are entities whose centre of predominant economic interest is outside Australia's economic territory.

Include:
     * households whose principal place of residence is overseas; and
     * foreign branches and foreign subsidiaries of Australian enterprises, for example, a foreign branch of an Australian bank.

Exclude:
     * Australian-based branches and subsidiaries of foreign enterprises, for example, Australian branches of foreign banks.

Other assets and other liabilities are the residual claims and liabilities that are not included under loans, deposits or debt securities.

Include:
     * equity shares;
     * mutual and investment fund units and holdings of shares in a reporting entity's own name but on behalf of third parties;
     * participations;
     * derivative contracts;
     * working capital supplied by head offices to branches;
     * accrued interest;
     * items in the course of collection; and
     * any other claim or liability not included in loans, deposits or debt securities.

Exclude:
     * borrowing and lending of securities and gold without cash collateral.

Residents of Australia are entities whose centre of predominant economic interest is within Australia's economic territory.

Include:
     * households whose principal place of residence is in Australia; and
     * Australian branches and Australian subsidiaries of foreign enterprises, for example, Australian branches of foreign banks.

Exclude:
     * foreign branches and foreign subsidiaries of Australian enterprises, for example, foreign branches of Australian banks.

Trade-related credits mainly occur in one of two forms: as buyers' credits or as suppliers' credits. A buyer's credit is granted directly by a reporting entity to a foreign importer and therefore represents an external asset that should be included in the locational statistics.

In contrast, a supplier's credit is granted directly by a reporting entity to a domestic exporter. However, this credit may be extended on the basis of a trade bill that is drawn by the exporter on the importer and subsequently acquired by the reporting entity. These credits may therefore be treated as external or domestic assets depending on whether the residency of the drawee (who is the final debtor) or of the presenter of the bill (who has guaranteed payment by endorsing the bill) is used as the criterion for geographical allocation.

For the purposes of the locational statistics, it is recommended that suppliers' credits be allocated according to the residence of the drawee of the relevant trade