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JUNE KEY FIGURES

			Mar Qtr 2015	Jun Qtr 2015	Mar Qtr 2015 to Jun Qtr 2015
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-14 392	-17 103	-19
	Seasonally adjusted		-13 501	-19 033	-41
BALANCE ON GOODS AND SERVICES
	Trend estimates		-5 505	-8 046	-46
	Seasonally adjusted		-4 781	-9 641	-102
NET PRIMARY INCOME
	Trend estimates		-8 413	-8 614	-2
	Seasonally adjusted		-8 251	-8 966	-9
LEVELS AT END OF PERIOD
	International Investment Position		910 724	905 996	-1
		Net foreign equity	-73 381	-70 060	5
		Net foreign debt	984 105	976 056	-1

Current Account Balance(a), Main aggregates

International Investment

• The Australian Bureau of Statistics (ABS) has identified and corrected an error in primary income debits. In original terms, this has increased primary income debits by more than $1.0b in the September quarter 2013, March quarter 2014, September quarter 2014 and March quarter 2015.
• The current account deficit, seasonally adjusted, rose $5,532m (41%) to $19,033m in the June quarter 2015. The deficit on the balance of goods and services rose $4,860m (102%) to $9,641m in the June quarter 2015. The primary income deficit rose $715m (9%) to $8,966m.
• In seasonally adjusted chain volume terms, the surplus on goods and services fell $2,334m (28%) from $8,321m in the March quarter 2015 to $5,987m in the June quarter 2015. This is expected to detract 0.6 percentage points from growth in the June quarter 2015 volume measure of GDP.

• Australia's net IIP liability position was $906.0b at 30 June 2015, a decrease of $4.7b (1%) on the 31 March 2015 position of $910.7b. Australia's net foreign debt liability decreased $8.0b (1%) to a net liability position of $976.1b. Australia's net foreign equity decreased $3.3b (5%) to a net asset position of $70.1b at 30 June 2015.