5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
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Contents >> Chapter 10. Capital account >> Acquisition/disposal of non-produced, non-financial assets

10.11. The acquisition/disposal of non-produced, non-financial assets comprises two types of transactions:

      • purchase or sale of intangible, non-financial assets, such as patents, copyrights, trademarks, franchises and licenses; and
      • the acquisition of land by a government or international organisation (for the purpose of establishing an embassy or similar institution), or the disposal of such land.

10.12. Transactions in these assets are recorded at the time of change of ownership, at the actual transaction value of assets acquired or relinquished. Change of ownership is usually deemed to occur when the parties to the transaction enter it in their books.

10.13. For the intangible assets component, it is important to distinguish between the purchase or sale of such assets, which are recorded in this category, and the use of such assets for which the user pays a fee, which is recorded under the royalties and license fees component of services.







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