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Australian National Accounts: Finance and Wealth

Latest release

National, public and private corporations, government and household financial and capital accounts, and household balance sheets.

Reference period

September 2024

Released

19/12/2024

Key statistics

Household wealth increased $400.9b (2.4%) to $16,884.9b.
Demand for credit was $113.3b.
Australia's net borrowing position rose by $2.7b to $20.2b this quarter.
Capital investment as a proportion of GDP rose to 24.7%.

Main features

Financing resources and investment tables

Financing resources September quarter 2024, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Net saving (a)	-5.5	23.3	-21.6	38.2	34.4	22.9
plus Consumption of fixed capital	60.3	4.0	15.3	45.1	124.8	-
Gross saving	54.8	27.3	-6.3	83.4	159.2	22.9
plus Net capital transfers	0.4	0.0	-2.1	1.6	-0.2	0.2
less Statistical discrepancy (b)	-	-	-	-	17.9	-
Total financing resources	55.1	27.3	-8.5	85.0	141.1	23.0

Uses of financing (investment) September quarter 2024, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Capital formation
	Gross fixed capital formation	79.7	4.0	24.8	55.8	164.2	-
	plus Changes in inventories	1.0	0.0	0.2	-1.3	0.0	-
	plus Net acquisition of non-produced non-financial assets	-0.4	-	0.4	-	-	-
	Total capital formation	80.3	4.0	25.4	54.5	164.2	-
plus Financial investment
	Acquisition of financial assets	27.5	-87.5	12.5	91.5	-127.6	-107.3
	less Incurrence of financial liabilities	54.9	-60.5	50.3	19.6	-107.3	-127.6
	Net Financial investment (Net lending (+) / net borrowing (-))	-27.4	-27.0	-37.8	71.9	-20.2	20.2
less Net errors and omissions	-2.3	-50.3	-3.9	41.4	2.8	-2.8
Total investment	55.1	27.3	-8.5	85.0	141.1	23.0

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Jun-24	Transactions, Sep-24	Other changes, Sep-24	Amounts outstanding, Sep-24
Currency and deposits
	Currency	105.1	0.1	-	105.3
	Transferable deposits	2,203.1	42.6	-4.9	2,240.7
	Other deposits	1,653.9	43.3	-1.6	1,695.6
Short term debt securities
	Bills of exchange	5.6	-0.6	-	5.0
	One name paper	602.1	-6.4	-3.4	592.2
Long term debt securities
	Bonds, etc.	3,496.8	-1.9	54.2	3,549.1
Derivatives
	Derivatives	725.7	-457.6	465.8	733.9
Loans and placements
	Short term	428.0	-24.8	-2.6	400.5
	Long term	5,028.8	82.4	-5.7	5,105.5
Shares and other equity
	Listed	2,783.2	-25.7	178.6	2,936.1
	Unlisted	6,508.5	75.7	108.7	6,692.8
Insurance technical reserves
	Reserves of pension funds and life	3,649.6	22.7	120.5	3,792.8
	General insurance payments	171.5	5.3	0.0	176.7

Flow of funds diagrams

National investment

National investment decreased by $12.7b to $164.2b in the September quarter.

General government investment decreased by $8.4b to $25.4b, driven by falls in gross fixed capital formation for both national general government and state and local general government.
Non-financial corporations' investment decreased by $4.8b to $80.3b, driven by falls in gross fixed capital formation for both private and public non-financial corporations.
Households' investment increased by $0.7b to $54.5b, driven by an increase in gross fixed capital formation.

Financial investment

Australia was a net borrower of $20.2b from rest of world (ROW). The main contributors were a:

$47.0b acqusition by ROW of debt securities issued by Australia
$22.4b repayment of loans borrowed by ROW
$15.5b acqusition by ROW of equity issued by Australia
Partly offset by $7.4b placement of deposits by Australia with ROW

ROW acquired bonds and one name paper issued by banks, as banks have shifted their fund raising back to the issuance of debt securities following the end of the Term Funding Facility (TFF) last quarter. The acquisition of equity by ROW reflected a number of mergers and acquisitions occurring during the quarter.

Households

Households $71.9b net lending position was due to a $91.5b acquisition of assets partly offset by a $19.6b incurrence of liabilities. The acquisition of assets was driven by:

$60.7b in deposits
$28.9b in net equity in superannuation

While liabilities were driven by:

$19.3b in loan borrowing

Deposit assets grew strongly this quarter as households received proceeds from tax returns. Growth in deposit assets also reflected higher household gross disposable income following the introduction of stage 3 tax cuts. Contributions into pension funds rose year on year, reflecting legislative changes to compulsory superannuation and strength in employment.

General government

General government’s $37.8b net borrowing position was due to $50.3b incurrence of liabilities partly offset by $12.5b acquisition of assets. Liabilities were driven by:

$30.0b in bond issuance
$17.4b in loan borrowings

Acquisition of assets was driven by:

$11.8b in deposits

The National general government returned to a net borrowing position following two consecutive quarters of being in a net lending position. Bond issuance was elevated this quarter reflecting financing requirements arising from increased government expenditure on social assistance benefits and decreased income tax paid following the introduction of stage 3 tax cuts. State and territory governments continued to borrow funds from their respective central borrowing authorities to finance social benefits to households and investment into health 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-11	-11.2	-8.6	-2.6	-25.8	25.8
Dec-11	-15.0	-0.1	-2.7	-14.9	2.6
Mar-12	-18.4	-37.0	23.4	-13.2	8.5
Jun-12	-11.4	1.8	-24.4	-30.1	41.3
Sep-12	-19.2	-3.1	-11.5	-24.3	19.7
Dec-12	-20.3	-13.5	-0.6	-12.4	6.2
Mar-13	-10.2	-29.5	18.2	-15.5	16.6
Jun-13	-11.7	-42.4	21.2	-14.0	23.5
Sep-13	-19.2	-12.9	-20.1	-20.2	34.0
Dec-13	-12.6	-45.0	27.2	-10.9	16.0
Mar-14	-9.5	-18.0	10.2	-11.0	9.2
Jun-14	-13.7	-21.3	14.4	-10.2	3.4
Sep-14	-13.5	-13.1	-18.4	-18.4	36.4
Dec-14	-16.5	-3.2	-30.7	-10.0	27.4
Mar-15	-14.9	-21.8	1.7	-3.6	8.8
Jun-15	-22.3	-29.4	3.4	-8.4	12.0
Sep-15	-27.2	-54.6	-7.5	-15.0	49.9
Dec-15	-25.8	-35.9	1.8	-7.2	15.4
Mar-16	-18.4	-25.0	11.2	-8.8	4.2
Jun-16	-15.1	9.0	-33.3	-6.0	15.2
Sep-16	-15.1	-8.3	-2.5	-22.1	17.8
Dec-16	-8.0	1.5	-8.2	-24.1	22.8
Mar-17	-3.8	-14.6	8.0	2.2	0.5
Jun-17	-13.5	24.1	-32.9	-12.8	8.1
Sep-17	-15.9	-10.2	-10.7	-18.7	23.7
Dec-17	-19.4	-7.8	-22.9	-2.6	13.9
Mar-18	-9.5	-23.4	6.5	-0.9	8.4
Jun-18	-16.0	-10.0	-19.0	-0.2	13.2
Sep-18	-9.0	-26.6	-3.1	-18.5	39.3
Dec-18	-7.9	-6.9	3.0	-9.2	5.2
Mar-19	-5.5	-14.8	-6.7	-0.3	16.3
Jun-19	6.0	11.4	-33.6	-9.2	37.5
Sep-19	6.1	-7.8	-14.3	-22.9	51.2
Dec-19	-1.0	-13.5	6.2	-14.2	20.5
Mar-20	7.6	-12.8	10.5	-14.3	24.2
Jun-20	15.6	44.9	3.8	-89.0	55.9
Sep-20	7.7	16.5	20.8	-110.8	81.3
Dec-20	15.2	7.4	11.2	-44.9	41.5
Mar-21	15.4	-7.9	34.8	-14.6	3.2
Jun-21	23.3	18.8	8.0	-9.8	6.3
Sep-21	14.1	-33.9	33.0	-43.7	58.6
Dec-21	4.0	-15.0	17.2	-26.0	27.9
Mar-22	2.4	-51.3	44.8	-1.8	10.6
Jun-22	15.6	4.6	32.1	-30.1	8.9
Sep-22	-11.5	-62.6	21.8	-26.1	55.5
Dec-22	8.1	3.3	-1.2	-13.8	19.8
Mar-23	3.8	-20.5	-8.9	13.1	20.0
Jun-23	4.3	11.9	-8.4	6.4	-5.5
Sep-23	-12.1	-75.4	24.8	-25.6	64.1
Dec-23	6.3	-16.0	23.6	-28.8	27.6
Mar-24	-4.1	-9.2	-12.0	-0.7	17.8
Jun-24	-17.5	-16.8	25.1	-19.1	-6.7
Sep-24	-20.2	-27.4	-27.0	-37.8	71.9

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

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
	Credit market outstandings, Jun-24	Demand for credit, Sep-24	Other changes, Sep-24	Credit market outstandings, Sep-24
Non-financial corporations
	Investment funds	552.6	2.6	24.5	579.7
	Other private	4,640.5	44.7	66.8	4,752.0
	Public	184.8	2.2	-0.1	186.9
General government
	National	857.7	27.3	23.2	908.2
	State and local	446.0	17.3	0.2	463.5
Households	2,982.8	19.2	5.3	3,007.3
Total	9,664.4	113.3	119.9	9,897.7

Demand for credit was $113.3b in the September quarter, of which:

other private non-financial corporations borrowed $44.7b
general government borrowed $44.6b
households borrowed $19.2b

Credit market outstanding increased by $233.3b, comprised of demand for credit and revaluation gains of $119.9b. Holding gains on the shares of other private non-financial corporations were $79.5b, in line with equity prices on the Australian Securities Exchange (ASX). Falling bond yields also resulted in holding gains on Commonwealth government bonds of $23.2b.

Other private non-financial corporations

Business credit growth continues to be driven by elevated levels of capital investment although higher interest rates have encouraged some firms to seek alternative financing through increased corporate bond issuance. Falling commodity prices and weaker export revenue in the June quarter was reflected in softer reinvested earnings growth. Business financing activity comprised:

loan borrowings of $29.3b
equity raising of $12.2b
corporate bond issuance of $4.0b

General government

To support public investment, particularly in defence equipment, the Commonwealth government raised its Treasury bond issuance in the September quarter. Measures to ease household cost of living pressures such as the electricity bill relief fund further contributed to funding requirements. State government demand for credit continues to be driven by investment in transport, renewables and major health projects. The government financed its operations through:

$30.2b in bonds issued by national general government
$17.5b in loan borrowings by state and local general government

Households

Housing credit growth reflected new loan commitments in the September quarter as house prices remain elevated despite high interest rates constraining the borrowing capacity of buyers. Households borrowing comprised:

$21.0b in long term loans
partly offset by $1.6b repayment of short term loans

Demand for credit by sector
	Private non-financial businesses ($b)	Households ($b)	General government ($b)	Other ($b)
Sep-11	30.1	7.5	23.4	-2.8
Dec-11	-3.7	16.8	21.6	6.1
Mar-12	27.6	11.9	18.8	4.5
Jun-12	16.0	22.8	10.7	-0.4
Sep-12	16.3	4.7	26.8	3.4
Dec-12	14.8	15.9	12.0	6.5
Mar-13	24.8	12.3	8.6	1.3
Jun-13	37.4	28.8	-6.2	5.0
Sep-13	26.1	3.7	28.9	-0.3
Dec-13	38.6	32.5	22.5	9.4
Mar-14	7.9	18.7	20.1	0.0
Jun-14	32.3	36.1	6.9	8.7
Sep-14	33.6	13.6	24.2	-6.1
Dec-14	35.4	26.8	8.9	3.1
Mar-15	43.2	25.1	16.1	7.4
Jun-15	27.0	39.3	5.3	11.8
Sep-15	39.7	12.3	36.4	3.8
Dec-15	33.4	23.2	2.1	7.9
Mar-16	30.4	25.1	22.0	3.4
Jun-16	11.1	34.7	2.5	2.7
Sep-16	20.3	28.5	25.8	6.0
Dec-16	56.5	20.7	19.0	-7.6
Mar-17	6.3	21.6	18.9	4.4
Jun-17	38.0	40.6	19.6	1.2
Sep-17	33.4	18.0	5.4	6.0
Dec-17	30.9	27.7	15.7	5.2
Mar-18	39.0	19.6	6.3	3.7
Jun-18	14.0	27.5	10.1	2.9
Sep-18	67.0	11.1	5.9	9.1
Dec-18	8.8	25.7	6.1	3.0
Mar-19	35.5	15.3	-0.3	5.4
Jun-19	38.8	4.0	12.3	-3.6
Sep-19	18.1	-0.1	25.8	4.5
Dec-19	21.0	19.3	15.7	6.0
Mar-20	49.7	3.9	35.6	5.4
Jun-20	-7.2	14.6	136.2	9.4
Sep-20	2.0	6.3	144.0	6.9
Dec-20	4.5	22.5	30.2	10.4
Mar-21	18.4	28.1	20.2	5.5
Jun-21	11.9	49.6	6.8	18.5
Sep-21	57.4	41.3	50.1	8.3
Dec-21	34.1	53.8	22.0	15.5
Mar-22	166.0	41.7	13.5	11.3
Jun-22	45.1	52.6	48.5	15.5
Sep-22	75.6	26.0	6.4	6.7
Dec-22	13.2	31.9	7.1	-0.9
Mar-23	41.0	18.8	17.7	9.1
Jun-23	-5.0	43.4	-7.5	3.3
Sep-23	47.8	13.4	18.5	9.0
Dec-23	27.2	33.1	33.1	7.7
Mar-24	46.3	32.1	19.7	9.7
Jun-24	40.9	58.9	-1.8	6.2
Sep-24	44.7	19.2	44.6	4.8

Demand for credit by sector

["","Private non-financial businesses","Households","General government","Other"]

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[30.100000000000001],[-3.7000000000000002],[27.600000000000001],[16],[16.300000000000001],[14.800000000000001],[24.800000000000001],[37.399999999999999],[26.100000000000001],[38.600000000000001],[7.9000000000000004],[32.299999999999997],[33.600000000000001],[35.399999999999999],[43.200000000000003],[27],[39.700000000000003],[33.399999999999999],[30.399999999999999],[11.1],[20.300000000000001],[56.5],[6.2999999999999998],[38],[33.399999999999999],[30.899999999999999],[39],[14],[67],[8.8000000000000007],[35.5],[38.799999999999997],[18.100000000000001],[21],[49.700000000000003],[-7.2000000000000002],[2],[4.5],[18.399999999999999],[11.9],[57.399999999999999],[34.100000000000001],[166],[45.100000000000001],[75.599999999999994],[13.199999999999999],[41],[-5],[47.799999999999997],[27.199999999999999],[46.299999999999997],[40.899999999999999],[44.700000000000003]],[[7.5],[16.800000000000001],[11.9],[22.800000000000001],[4.7000000000000002],[15.9],[12.300000000000001],[28.800000000000001],[3.7000000000000002],[32.5],[18.699999999999999],[36.100000000000001],[13.6],[26.800000000000001],[25.100000000000001],[39.299999999999997],[12.300000000000001],[23.199999999999999],[25.100000000000001],[34.700000000000003],[28.5],[20.699999999999999],[21.600000000000001],[40.600000000000001],[18],[27.699999999999999],[19.600000000000001],[27.5],[11.1],[25.699999999999999],[15.300000000000001],[4],[-0.10000000000000001],[19.300000000000001],[3.8999999999999999],[14.6],[6.2999999999999998],[22.5],[28.100000000000001],[49.600000000000001],[41.299999999999997],[53.799999999999997],[41.700000000000003],[52.600000000000001],[26],[31.899999999999999],[18.800000000000001],[43.399999999999999],[13.4],[33.100000000000001],[32.100000000000001],[58.899999999999999],[19.199999999999999]],[[23.399999999999999],[21.600000000000001],[18.800000000000001],[10.699999999999999],[26.800000000000001],[12],[8.5999999999999996],[-6.2000000000000002],[28.899999999999999],[22.5],[20.100000000000001],[6.9000000000000004],[24.199999999999999],[8.9000000000000004],[16.100000000000001],[5.2999999999999998],[36.399999999999999],[2.1000000000000001],[22],[2.5],[25.800000000000001],[19],[18.899999999999999],[19.600000000000001],[5.4000000000000004],[15.699999999999999],[6.2999999999999998],[10.1],[5.9000000000000004],[6.0999999999999996],[-0.29999999999999999],[12.300000000000001],[25.800000000000001],[15.699999999999999],[35.600000000000001],[136.19999999999999],[144],[30.199999999999999],[20.199999999999999],[6.7999999999999998],[50.100000000000001],[22],[13.5],[48.5],[6.4000000000000004],[7.0999999999999996],[17.699999999999999],[-7.5],[18.5],[33.100000000000001],[19.699999999999999],[-1.8],[44.600000000000001]],[[-2.7999999999999998],[6.0999999999999996],[4.5],[-0.40000000000000002],[3.3999999999999999],[6.5],[1.3],[5],[-0.29999999999999999],[9.4000000000000004],[0],[8.6999999999999993],[-6.0999999999999996],[3.1000000000000001],[7.4000000000000004],[11.800000000000001],[3.7999999999999998],[7.9000000000000004],[3.3999999999999999],[2.7000000000000002],[6],[-7.5999999999999996],[4.4000000000000004],[1.2],[6],[5.2000000000000002],[3.7000000000000002],[2.8999999999999999],[9.0999999999999996],[3],[5.4000000000000004],[-3.6000000000000001],[4.5],[6],[5.4000000000000004],[9.4000000000000004],[6.9000000000000004],[10.4],[5.5],[18.5],[8.3000000000000007],[15.5],[11.300000000000001],[15.5],[6.7000000000000002],[-0.90000000000000002],[9.0999999999999996],[3.2999999999999998],[9],[7.7000000000000002],[9.6999999999999993],[6.2000000000000002],[4.7999999999999998]]]

[]

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"Other" includes private non-financial investment funds and public non-financial corporations.

Households

Balance sheet

Household balance sheet, $b
	Amounts outstanding, Jun-24	Transactions, Sep-24	Other changes(a), Sep-24	Holding gains/losses, Sep-24	Amounts outstanding, Sep-24
Non-financial assets
	Land and dwellings	11,201.9	11.0	8.3	139.6	11,360.8
	Other non-financial assets	855.5	-1.7	-	10.1	863.9
Financial assets
	Superannuation reserves	3,944.1	28.9	-	108.5	4,081.5
	Shares and other equity	1,485.9	-0.5	-	50.7	1,536.0
	Currency and deposits	1,719.4	61.8	-	0.8	1,782.0
	Other financial assets	434.8	1.4	-	7.0	443.2
Liabilities
	Loans	2,978.9	19.3	-	5.3	3,003.5
	Other liabilities	178.7	0.3	-	-	179.0
Wealth (Net worth)	16,484.0	81.2	8.3	311.3	16,884.9
Memorandum item
	Consumer durables (b)	556.1	2.6	-	-	560.2

Financial assets

Household selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	55.3	7,535.0	52.5	7,584.3	91.5	7,842.7
Deposits	31.4	1,679.3	-7.9	1,671.0	60.7	1,732.6
Shares and equity	-6.0	1,459.5	-0.4	1,485.9	-0.5	1,536.0
Net equity in reserves	22.1	3,637.6	41.3	3,657.0	22.7	3,800.7
	Pension funds	21.7	3,497.1	38.6	3,516.6	26.2	3,656.9
Other assets	7.8	758.6	19.5	770.3	8.6	773.4

Liabilities

Household selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	37.4	3,095.9	59.2	3,157.7	19.6	3,182.7
Short term loans	0.4	60.7	0.3	60.2	-1.7	58.5
Long term loans	31.8	2,856.6	58.8	2,918.7	21.0	2,945.0
Other liabilities	5.2	178.6	0.1	178.8	0.3	179.1

Household wealth grew 2.4% ($400.9b) to $16,884.9b at the end of the September quarter. The increase in net worth was driven by strength in the share market and housing market.

Non-financial assets

Non-financial assets owned by households increased by 1.4% ($167.3b), driven by:

a $149.3b rise in residential land and dwellings.

House price growth has slowed as the number of properties on the market has increased.

Financial assets

Financial assets of households increased by 3.4% ($258.4b), with a:

$137.4b rise in superannuation reserves
$62.6b rise in currency and deposits
$50.1b rise in shares and other equity

Total superannuation reserves increased by 3.5% this quarter, driven by favourable domestic and international share market performance increasing the value of equities held by superannuation funds.

Total deposits increased by 3.7%. Transferable deposit account balances rose $39.4b. Other deposit accounts (which include term deposit and savings accounts) rose $22.1b.

Liabilities

Household liabilities increased by 0.8% ($24.9b), with a:

$26.3b rise in housing loans
$1.7b fall in short term loans

The growth in housing loans was driven by increased demand from both owner occupiers and investors.

Household wealth, contribution to growth, quarterly
	Wealth (Net worth) ($b)	Land and dwellings ($b)	Superannuation ($b)	Currency and deposits ($b)	Shares and equity ($b)	Other financial assets ($b)	Liabilities ($b)
Sep-11	-211.6	-130.1	-71.1	23.6	-15.3	-4.5	-14.2
Dec-11	6.9	-16.6	15.5	15.4	4.7	0.2	-14.6
Mar-12	101.4	26.5	65.1	10.2	18.4	-3.1	-16.5
Jun-12	146.1	28.3	123.0	9.1	-4.3	13.6	-23.9
Sep-12	60.7	-15.0	51.0	22.5	15.8	-4.0	-10.5
Dec-12	179.1	105.9	58.3	12.6	14.6	-2.5	-14.5
Mar-13	145.1	54.4	68.0	9.7	22.9	1.0	-14.6
Jun-13	-1.6	78.6	-52.5	6.4	-3.0	1.3	-36.2
Sep-13	212.2	83.3	88.4	26.3	21.0	-0.5	-11.4
Dec-13	235.0	173.2	53.3	20.4	8.7	7.9	-37.8
Mar-14	138.4	76.5	46.1	9.7	19.4	-1.4	-19.7
Jun-14	116.8	94.9	26.2	7.0	15.3	4.1	-38.0
Sep-14	164.0	82.6	51.3	29.5	13.1	-0.7	-19.6
Dec-14	261.6	169.2	59.6	25.5	24.6	1.9	-30.3
Mar-15	263.3	125.0	106.0	13.9	34.9	7.6	-32.0
Jun-15	201.9	224.7	12.3	6.4	0.1	-5.0	-42.4
Sep-15	122.5	129.6	-24.5	37.2	0.9	-2.5	-22.0
Dec-15	150.4	46.6	76.4	19.6	30.4	-2.7	-25.8
Mar-16	-14.0	9.6	-18.7	12.8	3.6	1.9	-26.2
Jun-16	281.9	137.3	149.0	10.6	16.2	8.1	-41.9
Sep-16	230.6	125.7	79.3	25.3	23.7	3.1	-30.1
Dec-16	335.8	258.0	48.6	24.9	22.8	0.4	-26.4
Mar-17	231.5	160.4	63.2	9.8	20.8	1.6	-29.9
Jun-17	154.5	170.0	16.7	1.4	4.2	-0.5	-41.2
Sep-17	27.6	14.2	-3.4	21.7	11.8	6.6	-26.8
Dec-17	286.0	167.9	95.7	13.5	26.4	9.3	-33.1
Mar-18	-14.4	17.1	-16.6	10.0	2.2	0.3	-30.8
Jun-18	87.4	-26.3	107.9	1.5	21.9	11.8	-31.2
Sep-18	33.7	-51.0	47.7	28.2	18.8	5.1	-16.0
Dec-18	-206.2	-60.9	-111.3	9.5	-7.5	-9.0	-31.0
Mar-19	57.0	-119.6	142.6	5.4	33.6	14.4	-20.2
Jun-19	318.0	68.5	220.6	4.3	27.8	13.1	-15.3
Sep-19	335.1	225.8	63.2	25.9	16.9	11.3	-6.2
Dec-19	288.0	218.7	62.1	12.9	13.0	2.3	-23.8
Mar-20	-250.6	106.0	-275.5	18.2	-63.2	-16.6	-21.6
Jun-20	232.1	-23.5	166.6	35.1	32.3	25.5	-6.3
Sep-20	346.2	222.4	38.9	65.2	7.5	7.8	-1.7
Dec-20	633.7	376.7	163.8	27.5	54.0	18.6	-21.0
Mar-21	549.1	457.0	67.0	13.7	28.2	-2.5	-27.6
Jun-21	567.6	428.5	118.3	5.9	35.0	19.2	-53.5
Sep-21	731.9	598.4	64.3	75.0	25.7	7.2	-53.2
Dec-21	725.9	585.8	99.9	47.7	20.8	8.3	-56.9
Mar-22	166.5	196.3	-51.2	33.7	22.2	-8.9	-41.8
Jun-22	-391.3	-36.4	-293.9	6.2	-22.0	-8.0	-49.6
Sep-22	-214.6	-255.1	-5.1	53.0	14.3	-0.2	-29.7
Dec-22	241.7	73.4	122.5	33.8	35.4	6.5	-42.9
Mar-23	196.6	60.8	114.0	26.9	21.1	1.5	-35.2
Jun-23	344.6	312.2	57.7	-6.6	17.1	6.6	-47.2
Sep-23	249.7	167.2	10.3	52.8	35.3	6.4	-27.5
Dec-23	532.4	313.8	146.1	32.5	52.5	13.7	-37.9
Mar-24	385.8	176.7	145.7	32.9	57.5	10.2	-48.2
Jun-24	198.1	201.4	14.2	-8.8	26.4	17.4	-61.8
Sep-24	400.9	159.0	137.4	62.6	50.1	8.4	-24.9

Household wealth, contribution to growth, quarterly

["","Wealth (Net worth)","Land and dwellings","Superannuation","Currency and deposits","Shares and equity","Other financial assets","Liabilities"]

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[-211.59999999999999],[6.9000000000000004],[101.40000000000001],[146.09999999999999],[60.700000000000003],[179.09999999999999],[145.09999999999999],[-1.6000000000000001],[212.19999999999999],[235],[138.40000000000001],[116.8],[164],[261.60000000000002],[263.30000000000001],[201.90000000000001],[122.5],[150.40000000000001],[-14],[281.89999999999998],[230.59999999999999],[335.80000000000001],[231.5],[154.5],[27.600000000000001],[286],[-14.4],[87.400000000000006],[33.700000000000003],[-206.19999999999999],[57],[318],[335.10000000000002],[288],[-250.59999999999999],[232.09999999999999],[346.19999999999999],[633.70000000000005],[549.10000000000002],[567.60000000000002],[731.89999999999998],[725.89999999999998],[166.5],[-391.30000000000001],[-214.59999999999999],[241.69999999999999],[196.59999999999999],[344.60000000000002],[249.69999999999999],[532.39999999999998],[385.80000000000001],[198.09999999999999],[400.89999999999998]],[[-130.09999999999999],[-16.600000000000001],[26.5],[28.300000000000001],[-15],[105.90000000000001],[54.399999999999999],[78.599999999999994],[83.299999999999997],[173.19999999999999],[76.5],[94.900000000000006],[82.599999999999994],[169.19999999999999],[125],[224.69999999999999],[129.59999999999999],[46.600000000000001],[9.5999999999999996],[137.30000000000001],[125.7],[258],[160.40000000000001],[170],[14.199999999999999],[167.90000000000001],[17.100000000000001],[-26.300000000000001],[-51],[-60.899999999999999],[-119.59999999999999],[68.5],[225.80000000000001],[218.69999999999999],[106],[-23.5],[222.40000000000001],[376.69999999999999],[457],[428.5],[598.39999999999998],[585.79999999999995],[196.30000000000001],[-36.399999999999999],[-255.09999999999999],[73.400000000000006],[60.799999999999997],[312.19999999999999],[167.19999999999999],[313.80000000000001],[176.69999999999999],[201.40000000000001],[159]],[[-71.099999999999994],[15.5],[65.099999999999994],[123],[51],[58.299999999999997],[68],[-52.5],[88.400000000000006],[53.299999999999997],[46.100000000000001],[26.199999999999999],[51.299999999999997],[59.600000000000001],[106],[12.300000000000001],[-24.5],[76.400000000000006],[-18.699999999999999],[149],[79.299999999999997],[48.600000000000001],[63.200000000000003],[16.699999999999999],[-3.3999999999999999],[95.700000000000003],[-16.600000000000001],[107.90000000000001],[47.700000000000003],[-111.3],[142.59999999999999],[220.59999999999999],[63.200000000000003],[62.100000000000001],[-275.5],[166.59999999999999],[38.899999999999999],[163.80000000000001],[67],[118.3],[64.299999999999997],[99.900000000000006],[-51.200000000000003],[-293.89999999999998],[-5.0999999999999996],[122.5],[114],[57.700000000000003],[10.300000000000001],[146.09999999999999],[145.69999999999999],[14.199999999999999],[137.40000000000001]],[[23.600000000000001],[15.4],[10.199999999999999],[9.0999999999999996],[22.5],[12.6],[9.6999999999999993],[6.4000000000000004],[26.300000000000001],[20.399999999999999],[9.6999999999999993],[7],[29.5],[25.5],[13.9],[6.4000000000000004],[37.200000000000003],[19.600000000000001],[12.800000000000001],[10.6],[25.300000000000001],[24.899999999999999],[9.8000000000000007],[1.3999999999999999],[21.699999999999999],[13.5],[10],[1.5],[28.199999999999999],[9.5],[5.4000000000000004],[4.2999999999999998],[25.899999999999999],[12.9],[18.199999999999999],[35.100000000000001],[65.200000000000003],[27.5],[13.699999999999999],[5.9000000000000004],[75],[47.700000000000003],[33.700000000000003],[6.2000000000000002],[53],[33.799999999999997],[26.899999999999999],[-6.5999999999999996],[52.799999999999997],[32.5],[32.899999999999999],[-8.8000000000000007],[62.600000000000001]],[[-15.300000000000001],[4.7000000000000002],[18.399999999999999],[-4.2999999999999998],[15.800000000000001],[14.6],[22.899999999999999],[-3],[21],[8.6999999999999993],[19.399999999999999],[15.300000000000001],[13.1],[24.600000000000001],[34.899999999999999],[0.10000000000000001],[0.90000000000000002],[30.399999999999999],[3.6000000000000001],[16.199999999999999],[23.699999999999999],[22.800000000000001],[20.800000000000001],[4.2000000000000002],[11.800000000000001],[26.399999999999999],[2.2000000000000002],[21.899999999999999],[18.800000000000001],[-7.5],[33.600000000000001],[27.800000000000001],[16.899999999999999],[13],[-63.200000000000003],[32.299999999999997],[7.5],[54],[28.199999999999999],[35],[25.699999999999999],[20.800000000000001],[22.199999999999999],[-22],[14.300000000000001],[35.399999999999999],[21.100000000000001],[17.100000000000001],[35.299999999999997],[52.5],[57.5],[26.399999999999999],[50.100000000000001]],[[-4.5],[0.20000000000000001],[-3.1000000000000001],[13.6],[-4],[-2.5],[1],[1.3],[-0.5],[7.9000000000000004],[-1.3999999999999999],[4.0999999999999996],[-0.69999999999999996],[1.8999999999999999],[7.5999999999999996],[-5],[-2.5],[-2.7000000000000002],[1.8999999999999999],[8.0999999999999996],[3.1000000000000001],[0.40000000000000002],[1.6000000000000001],[-0.5],[6.5999999999999996],[9.3000000000000007],[0.29999999999999999],[11.800000000000001],[5.0999999999999996],[-9],[14.4],[13.1],[11.300000000000001],[2.2999999999999998],[-16.600000000000001],[25.5],[7.7999999999999998],[18.600000000000001],[-2.5],[19.199999999999999],[7.2000000000000002],[8.3000000000000007],[-8.9000000000000004],[-8],[-0.20000000000000001],[6.5],[1.5],[6.5999999999999996],[6.4000000000000004],[13.699999999999999],[10.199999999999999],[17.399999999999999],[8.4000000000000004]],[[-14.199999999999999],[-14.6],[-16.5],[-23.899999999999999],[-10.5],[-14.5],[-14.6],[-36.200000000000003],[-11.4],[-37.799999999999997],[-19.699999999999999],[-38],[-19.600000000000001],[-30.300000000000001],[-32],[-42.399999999999999],[-22],[-25.800000000000001],[-26.199999999999999],[-41.899999999999999],[-30.100000000000001],[-26.399999999999999],[-29.899999999999999],[-41.200000000000003],[-26.800000000000001],[-33.100000000000001],[-30.800000000000001],[-31.199999999999999],[-16],[-31],[-20.199999999999999],[-15.300000000000001],[-6.2000000000000002],[-23.800000000000001],[-21.600000000000001],[-6.2999999999999998],[-1.7],[-21],[-27.600000000000001],[-53.5],[-53.200000000000003],[-56.899999999999999],[-41.799999999999997],[-49.600000000000001],[-29.699999999999999],[-42.899999999999999],[-35.200000000000003],[-47.200000000000003],[-27.5],[-37.899999999999999],[-48.200000000000003],[-61.799999999999997],[-24.899999999999999]]]

[]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	47.9	2,121.6	23.4	2,139.4	25.8	2,133.2
Deposits	8.1	798.5	21.9	819.3	-25.2	792.4
Shares and equity	8.6	761.5	-3.8	759.2	25.5	775.1
Other accounts receivable	26.5	313.3	12.0	318.4	22.8	322.3
Other assets	4.7	248.3	-6.7	242.5	2.7	243.4

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	57.9	5,533.9	38.1	5,507.7	53.3	5,647.6
Total debt securities	9.2	280.3	5.8	280.1	1.4	279.2
Loans	15.2	1,115.7	9.6	1,121.5	31.6	1,142.9
	Authorised deposit taking institutions	11.6	744.8	5.5	750.2	20.9	769.5
	Rest of world	0.0	238.0	1.1	233.9	7.0	232.2
Shares and equity	29.3	3,809.0	25.7	3,779.5	14.0	3,896.9
	Households	3.1	913.2	3.8	922.1	4.2	940.8
	Rest of world	24.8	1,464.5	11.1	1,444.2	13.7	1,483.6
Other liabilities	4.2	328.8	-3.0	326.6	6.4	328.4

Other private non-financial corporations demand for credit

Other private non-financial corporations demand for credit of $44.7b, was driven by

$29.3b of loan borrowings
$12.2b of equity raising; and
$4.0b of bond issuance

Other private non-financial corporations' demand for credit
	Total ($b)	Short-term debt ($b)	Bonds ($b)	Loans ($b)	Equity ($b)
Sep-11	30.1	8.0	-2.3	19.0	5.4
Dec-11	-3.7	-3.6	9.6	-0.2	-9.5
Mar-12	27.6	0.3	7.9	8.6	10.8
Jun-12	16.0	-2.5	1.8	13.0	3.7
Sep-12	16.3	-3.6	10.6	-2.5	11.8
Dec-12	14.8	-5.0	9.2	2.7	7.8
Mar-13	24.8	-1.8	5.5	9.9	11.1
Jun-13	37.4	-3.2	1.8	17.3	21.5
Sep-13	26.1	1.6	6.7	3.0	14.8
Dec-13	38.6	-7.7	8.4	16.2	21.7
Mar-14	7.9	-3.9	-0.7	0.7	11.8
Jun-14	32.3	-3.4	-5.6	22.5	18.8
Sep-14	33.6	-2.6	9.5	1.7	24.9
Dec-14	35.4	-1.8	-5.8	14.6	28.4
Mar-15	43.2	-3.3	8.9	22.9	14.6
Jun-15	27.0	-2.7	10.5	3.2	16.0
Sep-15	39.7	-1.9	-6.1	31.3	16.5
Dec-15	33.4	-2.0	8.6	12.3	14.5
Mar-16	30.4	-2.4	6.3	14.3	12.1
Jun-16	11.1	-3.1	-5.0	3.3	16.0
Sep-16	20.3	-2.1	-4.9	8.0	19.4
Dec-16	56.5	-2.5	2.9	13.5	42.5
Mar-17	6.3	-0.2	-9.9	1.1	15.4
Jun-17	38.0	-1.4	7.6	3.5	28.3
Sep-17	33.4	-3.8	-1.1	4.5	33.8
Dec-17	30.9	-1.2	-5.0	9.6	27.4
Mar-18	39.0	-0.6	3.4	14.1	22.1
Jun-18	14.0	-2.4	9.1	-11.0	18.3
Sep-18	67.0	-3.4	2.3	24.4	43.6
Dec-18	8.8	-2.8	-0.3	5.0	6.9
Mar-19	35.5	-2.6	-1.6	19.5	20.1
Jun-19	38.8	-4.1	8.4	12.5	21.9
Sep-19	18.1	-1.1	1.2	9.2	8.8
Dec-19	21.0	-2.7	0.3	3.3	20.1
Mar-20	49.7	0.7	-7.7	42.5	14.1
Jun-20	-7.2	-2.5	-7.8	-23.2	26.3
Sep-20	2.0	-0.5	-9.8	-10.8	23.2
Dec-20	4.5	-2.6	-12.5	-11.1	30.7
Mar-21	18.4	0.7	2.3	8.9	6.6
Jun-21	11.9	-0.1	-2.7	8.8	5.9
Sep-21	57.4	-1.7	-2.7	15.3	46.5
Dec-21	34.1	-1.7	0.4	-2.6	38.0
Mar-22	166.0	-0.9	3.9	15.1	148.0
Jun-22	45.1	-0.1	0.4	32.7	12.1
Sep-22	75.6	1.9	-2.6	37.5	38.9
Dec-22	13.2	-0.1	-4.7	6.4	11.7
Mar-23	41.0	0.6	2.6	14.7	23.0
Jun-23	-5.0	-3.3	5.6	1.4	-8.6
Sep-23	47.8	2.4	-3.9	25.2	24.2
Dec-23	27.2	1.1	2.9	11.9	11.3
Mar-24	46.3	-0.5	8.2	13.0	25.5
Jun-24	40.9	0.2	5.9	11.7	23.1
Sep-24	44.7	-0.9	4.0	29.3	12.2

Other private non-financial corporations' demand for credit

["","Total","Short-term debt","Bonds","Loans","Equity"]

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[30.100000000000001],[-3.7000000000000002],[27.600000000000001],[16],[16.300000000000001],[14.800000000000001],[24.800000000000001],[37.399999999999999],[26.100000000000001],[38.600000000000001],[7.9000000000000004],[32.299999999999997],[33.600000000000001],[35.399999999999999],[43.200000000000003],[27],[39.700000000000003],[33.399999999999999],[30.399999999999999],[11.1],[20.300000000000001],[56.5],[6.2999999999999998],[38],[33.399999999999999],[30.899999999999999],[39],[14],[67],[8.8000000000000007],[35.5],[38.799999999999997],[18.100000000000001],[21],[49.700000000000003],[-7.2000000000000002],[2],[4.5],[18.399999999999999],[11.9],[57.399999999999999],[34.100000000000001],[166],[45.100000000000001],[75.599999999999994],[13.199999999999999],[41],[-5],[47.799999999999997],[27.199999999999999],[46.299999999999997],[40.899999999999999],[44.700000000000003]],[[8],[-3.6000000000000001],[0.29999999999999999],[-2.5],[-3.6000000000000001],[-5],[-1.8],[-3.2000000000000002],[1.6000000000000001],[-7.7000000000000002],[-3.8999999999999999],[-3.3999999999999999],[-2.6000000000000001],[-1.8],[-3.2999999999999998],[-2.7000000000000002],[-1.8999999999999999],[-2],[-2.3999999999999999],[-3.1000000000000001],[-2.1000000000000001],[-2.5],[-0.20000000000000001],[-1.3999999999999999],[-3.7999999999999998],[-1.2],[-0.59999999999999998],[-2.3999999999999999],[-3.3999999999999999],[-2.7999999999999998],[-2.6000000000000001],[-4.0999999999999996],[-1.1000000000000001],[-2.7000000000000002],[0.69999999999999996],[-2.5],[-0.5],[-2.6000000000000001],[0.69999999999999996],[-0.10000000000000001],[-1.7],[-1.7],[-0.90000000000000002],[-0.10000000000000001],[1.8999999999999999],[-0.10000000000000001],[0.59999999999999998],[-3.2999999999999998],[2.3999999999999999],[1.1000000000000001],[-0.5],[0.20000000000000001],[-0.90000000000000002]],[[-2.2999999999999998],[9.5999999999999996],[7.9000000000000004],[1.8],[10.6],[9.1999999999999993],[5.5],[1.8],[6.7000000000000002],[8.4000000000000004],[-0.69999999999999996],[-5.5999999999999996],[9.5],[-5.7999999999999998],[8.9000000000000004],[10.5],[-6.0999999999999996],[8.5999999999999996],[6.2999999999999998],[-5],[-4.9000000000000004],[2.8999999999999999],[-9.9000000000000004],[7.5999999999999996],[-1.1000000000000001],[-5],[3.3999999999999999],[9.0999999999999996],[2.2999999999999998],[-0.29999999999999999],[-1.6000000000000001],[8.4000000000000004],[1.2],[0.29999999999999999],[-7.7000000000000002],[-7.7999999999999998],[-9.8000000000000007],[-12.5],[2.2999999999999998],[-2.7000000000000002],[-2.7000000000000002],[0.40000000000000002],[3.8999999999999999],[0.40000000000000002],[-2.6000000000000001],[-4.7000000000000002],[2.6000000000000001],[5.5999999999999996],[-3.8999999999999999],[2.8999999999999999],[8.1999999999999993],[5.9000000000000004],[4]],[[19],[-0.20000000000000001],[8.5999999999999996],[13],[-2.5],[2.7000000000000002],[9.9000000000000004],[17.300000000000001],[3],[16.199999999999999],[0.69999999999999996],[22.5],[1.7],[14.6],[22.899999999999999],[3.2000000000000002],[31.300000000000001],[12.300000000000001],[14.300000000000001],[3.2999999999999998],[8],[13.5],[1.1000000000000001],[3.5],[4.5],[9.5999999999999996],[14.1],[-11],[24.399999999999999],[5],[19.5],[12.5],[9.1999999999999993],[3.2999999999999998],[42.5],[-23.199999999999999],[-10.800000000000001],[-11.1],[8.9000000000000004],[8.8000000000000007],[15.300000000000001],[-2.6000000000000001],[15.1],[32.700000000000003],[37.5],[6.4000000000000004],[14.699999999999999],[1.3999999999999999],[25.199999999999999],[11.9],[13],[11.699999999999999],[29.300000000000001]],[[5.4000000000000004],[-9.5],[10.800000000000001],[3.7000000000000002],[11.800000000000001],[7.7999999999999998],[11.1],[21.5],[14.800000000000001],[21.699999999999999],[11.800000000000001],[18.800000000000001],[24.899999999999999],[28.399999999999999],[14.6],[16],[16.5],[14.5],[12.1],[16],[19.399999999999999],[42.5],[15.4],[28.300000000000001],[33.799999999999997],[27.399999999999999],[22.100000000000001],[18.300000000000001],[43.600000000000001],[6.9000000000000004],[20.100000000000001],[21.899999999999999],[8.8000000000000007],[20.100000000000001],[14.1],[26.300000000000001],[23.199999999999999],[30.699999999999999],[6.5999999999999996],[5.9000000000000004],[46.5],[38],[148],[12.1],[38.899999999999999],[11.699999999999999],[23],[-8.5999999999999996],[24.199999999999999],[11.300000000000001],[25.5],[23.100000000000001],[12.199999999999999]]]

[]

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The debt-to-equity ratio (adjusted for price changes) increased to 0.61. This reflects private non-financial corporations increased preference for debt.

The growth in firm's loan borrowing was driven by loans from ADIs and used to fund their investment.

Firms' equity growth fell, driven by soft reinvested earnings due to lower commodity prices.

Firms issued bonds for the fourth consecutive quarter, sourcing additional funding.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, September 2004 base	Debt to equity ratio
Sep-04	0.48	0.48
Dec-04	0.51	0.48
Mar-05	0.51	0.48
Jun-05	0.57	0.52
Sep-05	0.58	0.50
Dec-05	0.60	0.51
Mar-06	0.61	0.50
Jun-06	0.63	0.52
Sep-06	0.64	0.52
Dec-06	0.67	0.51
Mar-07	0.69	0.50
Jun-07	0.69	0.49
Sep-07	0.73	0.51
Dec-07	0.76	0.54
Mar-08	0.77	0.60
Jun-08	0.78	0.60
Sep-08	0.80	0.69
Dec-08	0.81	0.81
Mar-09	0.77	0.79
Jun-09	0.72	0.70
Sep-09	0.71	0.63
Dec-09	0.70	0.60
Mar-10	0.69	0.60
Jun-10	0.68	0.64
Sep-10	0.67	0.60
Dec-10	0.65	0.55
Mar-11	0.65	0.55
Jun-11	0.64	0.56
Sep-11	0.66	0.63
Dec-11	0.67	0.64
Mar-12	0.67	0.61
Jun-12	0.68	0.66
Sep-12	0.68	0.64
Dec-12	0.68	0.62
Mar-13	0.68	0.61
Jun-13	0.68	0.65
Sep-13	0.68	0.62
Dec-13	0.68	0.63
Mar-14	0.68	0.62
Jun-14	0.67	0.61
Sep-14	0.68	0.63
Dec-14	0.67	0.63
Mar-15	0.68	0.62
Jun-15	0.67	0.63
Sep-15	0.68	0.67
Dec-15	0.69	0.65
Mar-16	0.69	0.65
Jun-16	0.69	0.63
Sep-16	0.68	0.60
Dec-16	0.67	0.59
Mar-17	0.67	0.58
Jun-17	0.67	0.58
Sep-17	0.66	0.57
Dec-17	0.65	0.54
Mar-18	0.66	0.55
Jun-18	0.64	0.53
Sep-18	0.65	0.53
Dec-18	0.64	0.55
Mar-19	0.64	0.52
Jun-19	0.63	0.51
Sep-19	0.64	0.52
Dec-19	0.63	0.50
Mar-20	0.65	0.61
Jun-20	0.62	0.53
Sep-20	0.61	0.52
Dec-20	0.59	0.48
Mar-21	0.61	0.48
Jun-21	0.61	0.47
Sep-21	0.60	0.47
Dec-21	0.59	0.45
Mar-22	0.57	0.43
Jun-22	0.58	0.47
Sep-22	0.58	0.48
Dec-22	0.58	0.46
Mar-23	0.58	0.45
Jun-23	0.58	0.45
Sep-23	0.59	0.46
Dec-23	0.59	0.45
Mar-24	0.60	0.45
Jun-24	0.60	0.46
Sep-24	0.61	0.45

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0September 2004 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[0.47999999999999998],[0.51000000000000001],[0.51000000000000001],[0.56999999999999995],[0.57999999999999996],[0.59999999999999998],[0.60999999999999999],[0.63],[0.64000000000000001],[0.67000000000000004],[0.68999999999999995],[0.68999999999999995],[0.72999999999999998],[0.76000000000000001],[0.77000000000000002],[0.78000000000000003],[0.80000000000000004],[0.81000000000000005],[0.77000000000000002],[0.71999999999999997],[0.70999999999999996],[0.69999999999999996],[0.68999999999999995],[0.68000000000000005],[0.67000000000000004],[0.65000000000000002],[0.65000000000000002],[0.64000000000000001],[0.66000000000000003],[0.67000000000000004],[0.67000000000000004],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.68000000000000005],[0.67000000000000004],[0.68000000000000005],[0.67000000000000004],[0.68000000000000005],[0.67000000000000004],[0.68000000000000005],[0.68999999999999995],[0.68999999999999995],[0.68999999999999995],[0.68000000000000005],[0.67000000000000004],[0.67000000000000004],[0.67000000000000004],[0.66000000000000003],[0.65000000000000002],[0.66000000000000003],[0.64000000000000001],[0.65000000000000002],[0.64000000000000001],[0.64000000000000001],[0.63],[0.64000000000000001],[0.63],[0.65000000000000002],[0.62],[0.60999999999999999],[0.58999999999999997],[0.60999999999999999],[0.60999999999999999],[0.59999999999999998],[0.58999999999999997],[0.56999999999999995],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.58999999999999997],[0.58999999999999997],[0.59999999999999998],[0.59999999999999998],[0.60999999999999999]],[[0.47999999999999998],[0.47999999999999998],[0.47999999999999998],[0.52000000000000002],[0.5],[0.51000000000000001],[0.5],[0.52000000000000002],[0.52000000000000002],[0.51000000000000001],[0.5],[0.48999999999999999],[0.51000000000000001],[0.54000000000000004],[0.59999999999999998],[0.59999999999999998],[0.68999999999999995],[0.81000000000000005],[0.79000000000000004],[0.69999999999999996],[0.63],[0.59999999999999998],[0.59999999999999998],[0.64000000000000001],[0.59999999999999998],[0.55000000000000004],[0.55000000000000004],[0.56000000000000005],[0.63],[0.64000000000000001],[0.60999999999999999],[0.66000000000000003],[0.64000000000000001],[0.62],[0.60999999999999999],[0.65000000000000002],[0.62],[0.63],[0.62],[0.60999999999999999],[0.63],[0.63],[0.62],[0.63],[0.67000000000000004],[0.65000000000000002],[0.65000000000000002],[0.63],[0.59999999999999998],[0.58999999999999997],[0.57999999999999996],[0.57999999999999996],[0.56999999999999995],[0.54000000000000004],[0.55000000000000004],[0.53000000000000003],[0.53000000000000003],[0.55000000000000004],[0.52000000000000002],[0.51000000000000001],[0.52000000000000002],[0.5],[0.60999999999999999],[0.53000000000000003],[0.52000000000000002],[0.47999999999999998],[0.47999999999999998],[0.46999999999999997],[0.46999999999999997],[0.45000000000000001],[0.42999999999999999],[0.46999999999999997],[0.47999999999999998],[0.46000000000000002],[0.45000000000000001],[0.45000000000000001],[0.46000000000000002],[0.45000000000000001],[0.45000000000000001],[0.46000000000000002],[0.45000000000000001]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Jun-24	Transactions, Sep-24	Other changes, Sep-24	Amounts outstanding, Sep-24
Central bank	410.7	7.1	9.3	427.1
Authorised deposit taking institutions	5,286.8	-165.6	243.0	5,364.2
Other broad money institutions	249.3	9.3	-0.1	258.5
Pension funds	3,325.7	20.2	122.8	3,468.7
Life insurance corporations	172.6	-3.8	6.2	175.0
Non-life insurance corporations	295.8	0.8	5.8	302.5
Money market investment funds	33.1	-0.9	0.0	32.1
Non-money market investment funds	1,253.1	-4.9	45.7	1,293.9
Central borrowing authorities	712.0	11.5	2.6	726.1
Securitisers	730.2	-59.0	-0.1	671.1
Other financial corporations	108.4	-41.0	42.6	110.0

Financial corporations' liabilities, $b
	Amounts outstanding, Jun-24	Transactions, Sep-24	Other changes, Sep-24	Amounts outstanding, Sep-24
Central bank	413.6	12.0	6.3	431.9
Authorised deposit taking institutions	5,503.8	-147.3	266.0	5,622.5
Other broad money institutions	173.6	1.0	4.7	179.2
Pension funds	3,579.1	21.0	125.0	3,725.1
Life insurance corporations	166.2	-4.1	6.1	168.2
Non-life insurance corporations	337.2	8.5	1.5	347.2
Money market investment funds	33.1	0.7	-1.6	32.1
Non-money market investment funds	1,443.4	-4.0	46.8	1,486.1
Central borrowing authorities	683.0	9.9	1.6	694.5
Securitisers	786.3	-63.3	4.7	727.7
Other financial corporations	220.8	-33.7	41.8	228.9

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	-141.5	5,252.6	-112.2	5,286.8	-165.6	5,364.2
Deposits	-20.5	429.2	-102.8	326.3	11.7	337.7
Bonds	32.5	947.9	152.8	1,094.7	-43.4	1,071.6
	Securitisers	9.5	483.9	108.3	594.1	-68.7	532.5
	National general government	3.9	83.6	23.1	105.1	19.1	127.0
Loans	26.2	3,170.4	79.5	3,249.2	85.0	3,330.9
Other assets	-179.6	705.1	-241.8	616.6	-218.8	624.0

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	-152.8	5,465.8	-147.4	5,503.8	-147.3	5,622.5
Deposits	40.2	3,263.0	29.5	3,289.3	64.5	3,347.8
	Other private non-fin corps	6.3	748.2	20.0	767.4	-23.0	743.2
	Pension funds	7.9	291.9	1.8	293.6	9.4	302.8
	Households	30.5	1,644.1	-8.9	1,635.0	59.7	1,694.5
Bonds	23.6	584.8	24.7	601.9	25.4	629.0
Shares and equities	-3.2	682.3	-1.1	702.4	-7.8	746.3
Other liabilities	-213.3	935.7	-200.5	910.3	-229.3	899.4

Total financial assets of ADIs increased $77.4b, reflecting:

a $81.7b increase in loans,
a $14.8b increase in equities, and
a $11.5b increase in deposits.

This was partly offset by:

a $23.1b decrease in bonds, and
a $6.9b decrease in derivatives. .

Authorised deposit taking institutions (ADIs) have begun desecuritising residential mortgage backed securities (RMBSs) previously used as collateral to access the Reserve Bank of Australia's Term Funding Facility (TFF). This follows the final maturity of funds drawn under the TFF in June quarter 2024. Desecuritisation is reflected in a $61.6b decrease in ADIs' holding of bonds issued by securitisers. As ADIs' deposit assets have fallen from previously elevated levels, in order to continuing meeting liquidity requirements, ADIs acquired:

$19.1b of bonds issued by National General Government; and
$3.2b in semi-government bonds.

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-11	99.5	9.1	0.0	36.4	33.0	30.7	-11.8	1.7
Dec-11	-18.1	-21.4	-4.9	-5.7	-17.2	22.6	9.1	-2.9
Mar-12	10.5	-6.0	3.8	24.8	-9.4	-3.4	-0.2	2.7
Jun-12	64.6	-6.3	0.2	8.3	27.5	35.9	0.5	-0.9
Sep-12	35.8	2.5	-1.1	43.3	3.4	-25.1	10.5	2.3
Dec-12	15.2	-6.4	-1.0	8.8	-19.0	26.3	6.4	-2.7
Mar-13	28.8	1.4	-7.9	9.6	-12.4	26.5	11.9	1.3
Jun-13	78.4	-4.2	-9.6	32.0	36.3	24.1	-1.1	2.1
Sep-13	18.2	-0.6	-0.7	21.2	-35.0	25.5	10.2	-2.8
Dec-13	89.2	17.4	-7.5	-4.3	31.5	36.3	8.2	5.1
Mar-14	20.3	-0.2	-8.5	25.5	-22.2	26.4	0.6	0.8
Jun-14	63.7	2.1	1.9	15.6	-3.5	45.7	0.2	1.8
Sep-14	94.4	3.3	-0.3	40.3	44.5	12.3	-5.5	0.1
Dec-14	114.1	-5.4	2.6	48.0	47.6	14.0	6.7	-1.6
Mar-15	145.1	-1.2	-3.5	32.3	34.4	59.8	19.6	4.1
Jun-15	-3.0	-4.0	-5.9	-3.6	-52.3	71.7	-8.3	1.1
Sep-15	138.6	5.2	0.6	23.8	72.0	46.9	-11.9	1.6
Dec-15	-14.7	4.6	-6.1	13.2	-64.2	26.0	11.8	-1.6
Mar-16	46.7	1.3	-1.4	5.6	40.8	13.5	-14.9	2.7
Jun-16	79.7	-0.3	-8.6	26.8	25.8	36.3	-1.6	2.4
Sep-16	5.7	-2.0	-4.7	12.2	-36.8	31.2	5.8	-0.7
Dec-16	64.6	1.4	-1.9	-5.3	0.4	65.0	6.8	-3.7
Mar-17	-26.0	4.0	-5.2	11.4	-49.7	6.7	4.7	3.4
Jun-17	52.9	0.8	-5.8	-39.2	11.5	91.4	-9.7	4.5
Sep-17	-21.5	-2.8	-2.0	-18.7	-18.3	19.8	2.6	-2.3
Dec-17	21.4	-1.9	-4.5	12.1	12.0	2.9	5.4	-5.8
Mar-18	80.5	15.6	-0.3	2.6	18.8	50.6	-10.2	4.3
Jun-18	33.7	-0.9	-3.7	-8.5	15.1	29.3	4.7	-1.0
Sep-18	3.3	3.5	-6.4	3.3	-17.4	19.4	0.2	0.1
Dec-18	53.5	0.1	0.9	2.9	28.7	28.4	-10.5	1.1
Mar-19	34.8	1.6	-2.3	16.2	7.6	-0.9	8.2	4.7
Jun-19	67.6	1.7	-2.8	22.6	56.3	-12.3	2.4	-0.3
Sep-19	113.0	5.0	-1.8	17.8	55.5	28.6	9.2	-0.8
Dec-19	-38.3	3.7	4.3	-19.0	-52.7	21.2	5.0	-1.9
Mar-20	478.2	79.7	7.0	215.9	251.9	-54.7	-42.1	19.3
Jun-20	-190.9	-28.7	5.9	132.7	-115.6	-158.0	-21.8	-3.1
Sep-20	-63.7	-21.7	-11.4	-36.5	-40.3	29.3	-3.4	20.2
Dec-20	27.8	48.8	-7.2	-80.1	23.4	31.5	16.9	-6.6
Mar-21	7.4	97.0	-3.2	-88.6	-83.6	41.9	37.4	7.3
Jun-21	38.4	132.9	-0.2	-130.4	-25.4	31.3	12.6	18.6
Sep-21	132.4	48.2	-1.6	24.3	-9.9	64.6	6.1	0.9
Dec-21	108.1	33.6	7.1	0.6	-2.8	82.1	3.4	-16.9
Mar-22	172.1	26.6	5.6	64.7	81.1	-14.5	3.1	5.9
Jun-22	318.6	-12.0	12.2	38.9	172.2	115.2	-8.6	0.5
Sep-22	240.7	24.3	3.5	-0.2	151.5	82.0	-15.0	-4.8
Dec-22	-50.6	-0.3	3.2	5.2	-105.1	38.0	10.0	-2.4
Mar-23	-76.8	-12.5	-2.2	-7.8	-107.8	53.7	-5.0	4.5
Jun-23	97.9	-28.5	-9.5	24.2	76.3	33.7	5.7	-3.8
Sep-23	115.2	-53.0	7.8	95.2	47.8	32.6	-4.6	-9.4
Dec-23	-55.4	-6.6	14.1	-12.2	-123.0	61.1	15.5	-5.6
Mar-24	-74.5	-20.0	-4.8	36.9	-133.5	29.1	22.3	-5.3
Jun-24	34.2	-103.0	-14.5	146.8	-60.2	78.8	3.3	-16.9
Sep-24	77.4	11.5	3.3	-23.1	-6.9	81.7	14.8	-2.7

Change in authorised deposit taking institutions' assets

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

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[99.5],[-18.100000000000001],[10.5],[64.599999999999994],[35.799999999999997],[15.199999999999999],[28.800000000000001],[78.400000000000006],[18.199999999999999],[89.200000000000003],[20.300000000000001],[63.700000000000003],[94.400000000000006],[114.09999999999999],[145.09999999999999],[-3],[138.59999999999999],[-14.699999999999999],[46.700000000000003],[79.700000000000003],[5.7000000000000002],[64.599999999999994],[-26],[52.899999999999999],[-21.5],[21.399999999999999],[80.5],[33.700000000000003],[3.2999999999999998],[53.5],[34.799999999999997],[67.599999999999994],[113],[-38.299999999999997],[478.19999999999999],[-190.90000000000001],[-63.700000000000003],[27.800000000000001],[7.4000000000000004],[38.399999999999999],[132.40000000000001],[108.09999999999999],[172.09999999999999],[318.60000000000002],[240.69999999999999],[-50.600000000000001],[-76.799999999999997],[97.900000000000006],[115.2],[-55.399999999999999],[-74.5],[34.200000000000003],[77.400000000000006]],[[9.0999999999999996],[-21.399999999999999],[-6],[-6.2999999999999998],[2.5],[-6.4000000000000004],[1.3999999999999999],[-4.2000000000000002],[-0.59999999999999998],[17.399999999999999],[-0.20000000000000001],[2.1000000000000001],[3.2999999999999998],[-5.4000000000000004],[-1.2],[-4],[5.2000000000000002],[4.5999999999999996],[1.3],[-0.29999999999999999],[-2],[1.3999999999999999],[4],[0.80000000000000004],[-2.7999999999999998],[-1.8999999999999999],[15.6],[-0.90000000000000002],[3.5],[0.10000000000000001],[1.6000000000000001],[1.7],[5],[3.7000000000000002],[79.700000000000003],[-28.699999999999999],[-21.699999999999999],[48.799999999999997],[97],[132.90000000000001],[48.200000000000003],[33.600000000000001],[26.600000000000001],[-12],[24.300000000000001],[-0.29999999999999999],[-12.5],[-28.5],[-53],[-6.5999999999999996],[-20],[-103],[11.5]],[[0],[-4.9000000000000004],[3.7999999999999998],[0.20000000000000001],[-1.1000000000000001],[-1],[-7.9000000000000004],[-9.5999999999999996],[-0.69999999999999996],[-7.5],[-8.5],[1.8999999999999999],[-0.29999999999999999],[2.6000000000000001],[-3.5],[-5.9000000000000004],[0.59999999999999998],[-6.0999999999999996],[-1.3999999999999999],[-8.5999999999999996],[-4.7000000000000002],[-1.8999999999999999],[-5.2000000000000002],[-5.7999999999999998],[-2],[-4.5],[-0.29999999999999999],[-3.7000000000000002],[-6.4000000000000004],[0.90000000000000002],[-2.2999999999999998],[-2.7999999999999998],[-1.8],[4.2999999999999998],[7],[5.9000000000000004],[-11.4],[-7.2000000000000002],[-3.2000000000000002],[-0.20000000000000001],[-1.6000000000000001],[7.0999999999999996],[5.5999999999999996],[12.199999999999999],[3.5],[3.2000000000000002],[-2.2000000000000002],[-9.5],[7.7999999999999998],[14.1],[-4.7999999999999998],[-14.5],[3.2999999999999998]],[[36.399999999999999],[-5.7000000000000002],[24.800000000000001],[8.3000000000000007],[43.299999999999997],[8.8000000000000007],[9.5999999999999996],[32],[21.199999999999999],[-4.2999999999999998],[25.5],[15.6],[40.299999999999997],[48],[32.299999999999997],[-3.6000000000000001],[23.800000000000001],[13.199999999999999],[5.5999999999999996],[26.800000000000001],[12.199999999999999],[-5.2999999999999998],[11.4],[-39.200000000000003],[-18.699999999999999],[12.1],[2.6000000000000001],[-8.5],[3.2999999999999998],[2.8999999999999999],[16.199999999999999],[22.600000000000001],[17.800000000000001],[-19],[215.90000000000001],[132.69999999999999],[-36.5],[-80.099999999999994],[-88.599999999999994],[-130.40000000000001],[24.300000000000001],[0.59999999999999998],[64.700000000000003],[38.899999999999999],[-0.20000000000000001],[5.2000000000000002],[-7.7999999999999998],[24.199999999999999],[95.200000000000003],[-12.199999999999999],[36.899999999999999],[146.80000000000001],[-23.100000000000001]],[[33],[-17.199999999999999],[-9.4000000000000004],[27.5],[3.3999999999999999],[-19],[-12.4],[36.299999999999997],[-35],[31.5],[-22.199999999999999],[-3.5],[44.5],[47.600000000000001],[34.399999999999999],[-52.299999999999997],[72],[-64.200000000000003],[40.799999999999997],[25.800000000000001],[-36.799999999999997],[0.40000000000000002],[-49.700000000000003],[11.5],[-18.300000000000001],[12],[18.800000000000001],[15.1],[-17.399999999999999],[28.699999999999999],[7.5999999999999996],[56.299999999999997],[55.5],[-52.700000000000003],[251.90000000000001],[-115.59999999999999],[-40.299999999999997],[23.399999999999999],[-83.599999999999994],[-25.399999999999999],[-9.9000000000000004],[-2.7999999999999998],[81.099999999999994],[172.19999999999999],[151.5],[-105.09999999999999],[-107.8],[76.299999999999997],[47.799999999999997],[-123],[-133.5],[-60.200000000000003],[-6.9000000000000004]],[[30.699999999999999],[22.600000000000001],[-3.3999999999999999],[35.899999999999999],[-25.100000000000001],[26.300000000000001],[26.5],[24.100000000000001],[25.5],[36.299999999999997],[26.399999999999999],[45.700000000000003],[12.300000000000001],[14],[59.799999999999997],[71.700000000000003],[46.899999999999999],[26],[13.5],[36.299999999999997],[31.199999999999999],[65],[6.7000000000000002],[91.400000000000006],[19.800000000000001],[2.8999999999999999],[50.600000000000001],[29.300000000000001],[19.399999999999999],[28.399999999999999],[-0.90000000000000002],[-12.300000000000001],[28.600000000000001],[21.199999999999999],[-54.700000000000003],[-158],[29.300000000000001],[31.5],[41.899999999999999],[31.300000000000001],[64.599999999999994],[82.099999999999994],[-14.5],[115.2],[82],[38],[53.700000000000003],[33.700000000000003],[32.600000000000001],[61.100000000000001],[29.100000000000001],[78.799999999999997],[81.700000000000003]],[[-11.800000000000001],[9.0999999999999996],[-0.20000000000000001],[0.5],[10.5],[6.4000000000000004],[11.9],[-1.1000000000000001],[10.199999999999999],[8.1999999999999993],[0.59999999999999998],[0.20000000000000001],[-5.5],[6.7000000000000002],[19.600000000000001],[-8.3000000000000007],[-11.9],[11.800000000000001],[-14.9],[-1.6000000000000001],[5.7999999999999998],[6.7999999999999998],[4.7000000000000002],[-9.6999999999999993],[2.6000000000000001],[5.4000000000000004],[-10.199999999999999],[4.7000000000000002],[0.20000000000000001],[-10.5],[8.1999999999999993],[2.3999999999999999],[9.1999999999999993],[5],[-42.100000000000001],[-21.800000000000001],[-3.3999999999999999],[16.899999999999999],[37.399999999999999],[12.6],[6.0999999999999996],[3.3999999999999999],[3.1000000000000001],[-8.5999999999999996],[-15],[10],[-5],[5.7000000000000002],[-4.5999999999999996],[15.5],[22.300000000000001],[3.2999999999999998],[14.800000000000001]],[[1.7],[-2.8999999999999999],[2.7000000000000002],[-0.90000000000000002],[2.2999999999999998],[-2.7000000000000002],[1.3],[2.1000000000000001],[-2.7999999999999998],[5.0999999999999996],[0.80000000000000004],[1.8],[0.10000000000000001],[-1.6000000000000001],[4.0999999999999996],[1.1000000000000001],[1.6000000000000001],[-1.6000000000000001],[2.7000000000000002],[2.3999999999999999],[-0.69999999999999996],[-3.7000000000000002],[3.3999999999999999],[4.5],[-2.2999999999999998],[-5.7999999999999998],[4.2999999999999998],[-1],[0.10000000000000001],[1.1000000000000001],[4.7000000000000002],[-0.29999999999999999],[-0.80000000000000004],[-1.8999999999999999],[19.300000000000001],[-3.1000000000000001],[20.199999999999999],[-6.5999999999999996],[7.2999999999999998],[18.600000000000001],[0.90000000000000002],[-16.899999999999999],[5.9000000000000004],[0.5],[-4.7999999999999998],[-2.3999999999999999],[4.5],[-3.7999999999999998],[-9.4000000000000004],[-5.5999999999999996],[-5.2999999999999998],[-16.899999999999999],[-2.7000000000000002]]]

[]

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Liabilities of ADIs grew $118.7b, with:

a $58.5b increase in deposits, and
a $44.0b increase in shares and equities.

ADIs also continued to return to regular funding arrangements following the final maturity of the TFF, issuing:

$24.0b of bonds issued offshore;
$6.8b of one name paper issued offshore;
$1.4b of bonds issued in Australia

Issuance of debt securities was partly offset by:

$13.8b maturity of one name paper issued in Australia.

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-11	75.7	63.6	7.9	24.4	3.5	6.9	-31	0.3
Dec-11	-19.2	-1.6	3.9	-22.8	4.2	-15.1	13	-0.8
Mar-12	27.8	2.5	6.3	4.2	-8.8	2.8	19.4	1.5
Jun-12	57.3	53.1	-5.1	-2.6	22.6	-5.3	-5.1	-0.3
Sep-12	61.9	48.3	-20.5	6.6	-4.8	0.6	30.6	1.2
Dec-12	31.2	32.4	9.3	-16.3	-10.5	-3.4	19.1	0.7
Mar-13	42.9	0.9	6.5	-10	-5.8	0.8	50	0.5
Jun-13	92.7	13.9	30.7	14.6	31.9	1.9	-3.8	3.4
Sep-13	56	51.2	-17.8	6.2	-18.1	0.7	33	0.8
Dec-13	101.7	41.3	1.7	15.2	17.1	5.4	21.6	-0.7
Mar-14	37.2	15.7	13.7	-5	-3.8	0.7	13.4	2.6
Jun-14	59.7	34.9	18	2.8	1.3	1.4	0.7	0.6
Sep-14	72.1	37.4	-5.7	16	37.7	9.8	-22.3	-0.7
Dec-14	146.3	38.5	19.8	18.7	44.1	-7.2	31.4	1.1
Mar-15	177.1	43.2	11	11.4	40.2	1.3	65.7	4.2
Jun-15	-71.8	8.2	9.5	10.4	-55.8	3.2	-49.2	1.8
Sep-15	114	66.9	-2.5	29.7	52.1	7.8	-39.6	-0.4
Dec-15	53.1	23.4	5.7	0.9	-32	6	49.2	-0.1
Mar-16	-8.2	9.6	-18.4	0.2	55.5	1.1	-58.4	2.1
Jun-16	78.5	51.5	0	13.9	14.1	-2	-0.7	1.7
Sep-16	2.3	43.2	-11.1	-12.5	-33.7	-4.4	20.5	0.4
Dec-16	120.2	68.4	13.9	-7.1	-4.5	4.3	48.5	-3.2
Mar-17	-24.4	0.9	1.1	-15.8	-32.9	-3.8	26.8	-0.8
Jun-17	36.2	34.8	17.1	3.5	11.9	5.4	-38.7	2.3
Sep-17	-16.8	-0.2	11.1	0.7	-28	-3.3	2.5	0.5
Dec-17	47.4	34.6	-13.5	6.6	11.5	7.6	4.8	-4.2
Mar-18	36.6	10.2	11.1	26.4	6.6	5.3	-29.3	6.4
Jun-18	55	14.2	3.2	9.1	18.7	-0.2	13.6	-3.6
Sep-18	13.8	32.5	-28.9	14.9	-9.1	5.9	-6	4.6
Dec-18	10.6	2.5	22	4.8	20.6	-1.3	-33.2	-4.8
Mar-19	43.3	7.5	-1.1	-9.4	13.9	14.1	12.5	5.8
Jun-19	127.1	23.6	-24	12.8	58.6	10.4	39.9	5.9
Sep-19	119.4	49	-6.3	6.7	52.7	9.8	12.5	-5.1
Dec-19	-86.1	5.7	21.8	-27.7	-38.3	-0.9	-41.2	-5.7
Mar-20	338.5	190.8	-13.1	36.6	205.9	29.3	-130.8	19.9
Jun-20	-100.5	9.6	-24.8	-38	-70	-15.3	44.3	-6.3
Sep-20	-77.4	68.9	-24.7	-31.4	-54.9	-16.1	-19.8	0.6
Dec-20	93.4	3.7	13.1	-22	35.8	-14.1	85.1	-8.1
Mar-21	7	34.2	19	-29.5	-99.6	16.8	60.3	5.7
Jun-21	59.4	42.1	5.8	3.3	-29.7	8.2	32.1	-2.4
Sep-21	142.6	93.8	20.1	-3.6	-11.9	8.5	25.2	10.4
Dec-21	87.9	60.6	49.2	-4.3	1.3	16.4	-17	-18.2
Mar-22	174.2	58.8	-11.5	-14.1	95.3	13.4	22.4	9.9
Jun-22	206.7	98.6	35	16.5	152.6	-1.6	-96.3	1.9
Sep-22	228.4	64.9	-4.1	5.4	151.8	0.8	12.4	-2.7
Dec-22	8.8	21.1	15.8	20.9	-73.6	-13.5	45.4	-7.3
Mar-23	-82.6	41.6	-10	31.1	-126.7	-11.6	-17.2	10.4
Jun-23	91.2	-5.3	-3.1	13.7	84.4	2.1	2.4	-2.9
Sep-23	113.2	38.3	12.3	14.5	47	-6.8	10	-2.2
Dec-23	-16.8	20.2	19.8	24.1	-107.4	-8.4	39.3	-4.6
Mar-24	-33.6	47.6	-6.2	30	-154.8	-8.3	54.7	3.5
Jun-24	38.1	26.3	32	17.1	-59	-5.4	20	7
Sep-24	118.7	58.5	-11.8	27.1	0	4.6	44	-3.7

Change in authorised deposit taking institutions' liabilities

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

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[75.700000000000003],[-19.199999999999999],[27.800000000000001],[57.299999999999997],[61.899999999999999],[31.199999999999999],[42.899999999999999],[92.700000000000003],[56],[101.7],[37.200000000000003],[59.700000000000003],[72.099999999999994],[146.30000000000001],[177.09999999999999],[-71.799999999999997],[114],[53.100000000000001],[-8.1999999999999993],[78.5],[2.2999999999999998],[120.2],[-24.399999999999999],[36.200000000000003],[-16.800000000000001],[47.399999999999999],[36.600000000000001],[55],[13.800000000000001],[10.6],[43.299999999999997],[127.09999999999999],[119.40000000000001],[-86.099999999999994],[338.5],[-100.5],[-77.400000000000006],[93.400000000000006],[7],[59.399999999999999],[142.59999999999999],[87.900000000000006],[174.19999999999999],[206.69999999999999],[228.40000000000001],[8.8000000000000007],[-82.599999999999994],[91.200000000000003],[113.2],[-16.800000000000001],[-33.600000000000001],[38.100000000000001],[118.7]],[[63.600000000000001],[-1.6000000000000001],[2.5],[53.100000000000001],[48.299999999999997],[32.399999999999999],[0.90000000000000002],[13.9],[51.200000000000003],[41.299999999999997],[15.699999999999999],[34.899999999999999],[37.399999999999999],[38.5],[43.200000000000003],[8.1999999999999993],[66.900000000000006],[23.399999999999999],[9.5999999999999996],[51.5],[43.200000000000003],[68.400000000000006],[0.90000000000000002],[34.799999999999997],[-0.20000000000000001],[34.600000000000001],[10.199999999999999],[14.199999999999999],[32.5],[2.5],[7.5],[23.600000000000001],[49],[5.7000000000000002],[190.80000000000001],[9.5999999999999996],[68.900000000000006],[3.7000000000000002],[34.200000000000003],[42.100000000000001],[93.799999999999997],[60.600000000000001],[58.799999999999997],[98.599999999999994],[64.900000000000006],[21.100000000000001],[41.600000000000001],[-5.2999999999999998],[38.299999999999997],[20.199999999999999],[47.600000000000001],[26.300000000000001],[58.5]],[[7.9000000000000004],[3.8999999999999999],[6.2999999999999998],[-5.0999999999999996],[-20.5],[9.3000000000000007],[6.5],[30.699999999999999],[-17.800000000000001],[1.7],[13.699999999999999],[18],[-5.7000000000000002],[19.800000000000001],[11],[9.5],[-2.5],[5.7000000000000002],[-18.399999999999999],[0],[-11.1],[13.9],[1.1000000000000001],[17.100000000000001],[11.1],[-13.5],[11.1],[3.2000000000000002],[-28.899999999999999],[22],[-1.1000000000000001],[-24],[-6.2999999999999998],[21.800000000000001],[-13.1],[-24.800000000000001],[-24.699999999999999],[13.1],[19],[5.7999999999999998],[20.100000000000001],[49.200000000000003],[-11.5],[35],[-4.0999999999999996],[15.800000000000001],[-10],[-3.1000000000000001],[12.300000000000001],[19.800000000000001],[-6.2000000000000002],[32],[-11.800000000000001]],[[24.399999999999999],[-22.800000000000001],[4.2000000000000002],[-2.6000000000000001],[6.5999999999999996],[-16.300000000000001],[-10],[14.6],[6.2000000000000002],[15.199999999999999],[-5],[2.7999999999999998],[16],[18.699999999999999],[11.4],[10.4],[29.699999999999999],[0.90000000000000002],[0.20000000000000001],[13.9],[-12.5],[-7.0999999999999996],[-15.800000000000001],[3.5],[0.69999999999999996],[6.5999999999999996],[26.399999999999999],[9.0999999999999996],[14.9],[4.7999999999999998],[-9.4000000000000004],[12.800000000000001],[6.7000000000000002],[-27.699999999999999],[36.600000000000001],[-38],[-31.399999999999999],[-22],[-29.5],[3.2999999999999998],[-3.6000000000000001],[-4.2999999999999998],[-14.1],[16.5],[5.4000000000000004],[20.899999999999999],[31.100000000000001],[13.699999999999999],[14.5],[24.100000000000001],[30],[17.100000000000001],[27.100000000000001]],[[3.5],[4.2000000000000002],[-8.8000000000000007],[22.600000000000001],[-4.7999999999999998],[-10.5],[-5.7999999999999998],[31.899999999999999],[-18.100000000000001],[17.100000000000001],[-3.7999999999999998],[1.3],[37.700000000000003],[44.100000000000001],[40.200000000000003],[-55.799999999999997],[52.100000000000001],[-32],[55.5],[14.1],[-33.700000000000003],[-4.5],[-32.899999999999999],[11.9],[-28],[11.5],[6.5999999999999996],[18.699999999999999],[-9.0999999999999996],[20.600000000000001],[13.9],[58.600000000000001],[52.700000000000003],[-38.299999999999997],[205.90000000000001],[-70],[-54.899999999999999],[35.799999999999997],[-99.599999999999994],[-29.699999999999999],[-11.9],[1.3],[95.299999999999997],[152.59999999999999],[151.80000000000001],[-73.599999999999994],[-126.7],[84.400000000000006],[47],[-107.40000000000001],[-154.80000000000001],[-59],[0]],[[6.9000000000000004],[-15.1],[2.7999999999999998],[-5.2999999999999998],[0.59999999999999998],[-3.3999999999999999],[0.80000000000000004],[1.8999999999999999],[0.69999999999999996],[5.4000000000000004],[0.69999999999999996],[1.3999999999999999],[9.8000000000000007],[-7.2000000000000002],[1.3],[3.2000000000000002],[7.7999999999999998],[6],[1.1000000000000001],[-2],[-4.4000000000000004],[4.2999999999999998],[-3.7999999999999998],[5.4000000000000004],[-3.2999999999999998],[7.5999999999999996],[5.2999999999999998],[-0.20000000000000001],[5.9000000000000004],[-1.3],[14.1],[10.4],[9.8000000000000007],[-0.90000000000000002],[29.300000000000001],[-15.300000000000001],[-16.100000000000001],[-14.1],[16.800000000000001],[8.1999999999999993],[8.5],[16.399999999999999],[13.4],[-1.6000000000000001],[0.80000000000000004],[-13.5],[-11.6],[2.1000000000000001],[-6.7999999999999998],[-8.4000000000000004],[-8.3000000000000007],[-5.4000000000000004],[4.5999999999999996]],[[-31],[13],[19.399999999999999],[-5.0999999999999996],[30.600000000000001],[19.100000000000001],[50],[-3.7999999999999998],[33],[21.600000000000001],[13.4],[0.69999999999999996],[-22.300000000000001],[31.399999999999999],[65.700000000000003],[-49.200000000000003],[-39.600000000000001],[49.200000000000003],[-58.399999999999999],[-0.69999999999999996],[20.5],[48.5],[26.800000000000001],[-38.700000000000003],[2.5],[4.7999999999999998],[-29.300000000000001],[13.6],[-6],[-33.200000000000003],[12.5],[39.899999999999999],[12.5],[-41.200000000000003],[-130.80000000000001],[44.299999999999997],[-19.800000000000001],[85.099999999999994],[60.299999999999997],[32.100000000000001],[25.199999999999999],[-17],[22.399999999999999],[-96.299999999999997],[12.4],[45.399999999999999],[-17.199999999999999],[2.3999999999999999],[10],[39.299999999999997],[54.700000000000003],[20],[44]],[[0.29999999999999999],[-0.80000000000000004],[1.5],[-0.29999999999999999],[1.2],[0.69999999999999996],[0.5],[3.3999999999999999],[0.80000000000000004],[-0.69999999999999996],[2.6000000000000001],[0.59999999999999998],[-0.69999999999999996],[1.1000000000000001],[4.2000000000000002],[1.8],[-0.40000000000000002],[-0.10000000000000001],[2.1000000000000001],[1.7],[0.40000000000000002],[-3.2000000000000002],[-0.80000000000000004],[2.2999999999999998],[0.5],[-4.2000000000000002],[6.4000000000000004],[-3.6000000000000001],[4.5999999999999996],[-4.7999999999999998],[5.7999999999999998],[5.9000000000000004],[-5.0999999999999996],[-5.7000000000000002],[19.899999999999999],[-6.2999999999999998],[0.59999999999999998],[-8.0999999999999996],[5.7000000000000002],[-2.3999999999999999],[10.4],[-18.199999999999999],[9.9000000000000004],[1.8999999999999999],[-2.7000000000000002],[-7.2999999999999998],[10.4],[-2.8999999999999999],[-2.2000000000000002],[-4.5999999999999996],[3.5],[7],[-3.7000000000000002]]]

[]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	23.4	3,308.1	31.5	3,325.7	20.2	3,468.7
Deposits	7.7	301.1	1.1	301.9	11.0	312.5
Debt securities	11.1	249.1	1.5	245.8	-6.3	244.9
Shares and equity	12.3	2,700.9	30.9	2,716.7	17.5	2,839.9
	Other private non-fin corps	1.3	489.8	7.0	486.4	3.1	512.9
	Non-money market investment funds	4.3	1,015.8	5.1	1,016.6	4.0	1,051.5
	Rest of world	5.1	645.0	15.1	658.4	9.4	689.6
Net equity in life offices	-0.2	13.9	0.1	13.7	-0.7	13.7
Other assets	-7.5	43.2	-2.0	47.6	-1.3	57.7

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	24.7	3,559.0	32.2	3,579.1	21.0	3,725.1
Net equity in reserves	21.9	3,504.5	38.9	3,524.4	26.5	3,665.3
	Households	21.7	3,497.1	38.6	3,516.6	26.2	3,656.9
Other liabilities	2.7	54.5	-6.6	54.8	-5.5	59.8

Total financial assets of pension (superannuation funds) increased by 4.3% ($143.0b), with a:

$123.2b increase in equities

Pension funds used households' contributions to superannuation to acquire $17.5b in equities and $11.0b in deposits. Revaluation gains of $105.7b in equities reflect the rise in the value of listed and unlisted shares. Pension funds' investment in deposits was stronger this quarter off the back of a weaker June quarter 2024.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Sep-11	1,136.8	-83.4	11.1
Dec-11	1,146.6	-3.3	13.1
Mar-12	1,207.1	41.8	18.7
Jun-12	1,202.4	-37.7	33.1
Sep-12	1,247.2	30.7	14.1
Dec-12	1,298.2	34.2	16.7
Mar-13	1,361.1	43.8	19.1
Jun-13	1,378.8	-20.6	38.2
Sep-13	1,454.8	62.5	13.5
Dec-13	1,508.7	28.7	25.2
Mar-14	1,544.3	14.8	20.8
Jun-14	1,575.8	-0.5	32.0
Sep-14	1,611.6	11.8	24.1
Dec-14	1,665.8	32.3	21.9
Mar-15	1,762.5	79.9	16.8
Jun-15	1,745	-52.3	34.8
Sep-15	1,719	-45.6	19.6
Dec-15	1,775.1	39.5	16.5
Mar-16	1,748.7	-33.8	7.5
Jun-16	1,821.6	42.7	30.2
Sep-16	1,895.5	61.4	12.5
Dec-16	1,947.7	33.0	19.3
Mar-17	2,001.8	35.0	19.1
Jun-17	2,050.6	9.3	39.5
Sep-17	2,064.4	2.9	10.8
Dec-17	2,158.1	73.0	20.8
Mar-18	2,143.7	-29.5	15.1
Jun-18	2,217.9	50.4	23.8
Sep-18	2,263.3	32.4	13.0
Dec-18	2,150.2	-127.5	14.5
Mar-19	2,281.1	116.2	14.7
Jun-19	2,382.9	74.7	27.1
Sep-19	2,441.6	46.7	12.0
Dec-19	2,494.9	30.0	23.3
Mar-20	2,239.1	-269.7	13.9
Jun-20	2,376.3	130.3	7.0
Sep-20	2,409.4	26.9	6.2
Dec-20	2,568.1	142.5	16.2
Mar-21	2,636.8	49.1	19.6
Jun-21	2,793.2	123.9	32.4
Sep-21	2,853.6	42.0	18.4
Dec-21	2,937.9	65.4	18.9
Mar-22	2,883.3	-71.4	16.8
Jun-22	2,713.6	-199.7	30.0
Sep-22	2,723.1	-10.1	19.6
Dec-22	2,822.9	87.2	12.6
Mar-23	2,936.6	84.9	28.8
Jun-23	3,006.9	39.2	31.1
Sep-23	3,017.7	-13.7	24.5
Dec-23	3,160.7	126.1	16.9
Mar-24	3,308.1	124.0	23.4
Jun-24	3,325.7	-13.9	31.5
Sep-24	3,468.7	122.8	20.2

Pension funds' financial assets

["","Total assets (RHS)","Revaluations (LHS)","Transactions (LHS)"]

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[1136.8],[1146.5999999999999],[1207.0999999999999],[1202.4000000000001],[1247.2],[1298.2],[1361.0999999999999],[1378.8],[1454.8],[1508.7],[1544.3],[1575.8],[1611.5999999999999],[1665.8],[1762.5],[1745],[1719],[1775.0999999999999],[1748.7],[1821.5999999999999],[1895.5],[1947.7],[2001.8],[2050.5999999999999],[2064.4000000000001],[2158.0999999999999],[2143.6999999999998],[2217.9000000000001],[2263.3000000000002],[2150.1999999999998],[2281.0999999999999],[2382.9000000000001],[2441.5999999999999],[2494.9000000000001],[2239.0999999999999],[2376.3000000000002],[2409.4000000000001],[2568.0999999999999],[2636.8000000000002],[2793.1999999999998],[2853.5999999999999],[2937.9000000000001],[2883.3000000000002],[2713.5999999999999],[2723.0999999999999],[2822.9000000000001],[2936.5999999999999],[3006.9000000000001],[3017.6999999999998],[3160.6999999999998],[3308.0999999999999],[3325.6999999999998],[3468.6999999999998]],[[-83.400000000000006],[-3.2999999999999998],[41.799999999999997],[-37.700000000000003],[30.699999999999999],[34.200000000000003],[43.799999999999997],[-20.600000000000001],[62.5],[28.699999999999999],[14.800000000000001],[-0.5],[11.800000000000001],[32.299999999999997],[79.900000000000006],[-52.299999999999997],[-45.600000000000001],[39.5],[-33.799999999999997],[42.700000000000003],[61.399999999999999],[33],[35],[9.3000000000000007],[2.8999999999999999],[73],[-29.5],[50.399999999999999],[32.399999999999999],[-127.5],[116.2],[74.700000000000003],[46.700000000000003],[30],[-269.69999999999999],[130.30000000000001],[26.899999999999999],[142.5],[49.100000000000001],[123.90000000000001],[42],[65.400000000000006],[-71.400000000000006],[-199.69999999999999],[-10.1],[87.200000000000003],[84.900000000000006],[39.200000000000003],[-13.699999999999999],[126.09999999999999],[124],[-13.9],[122.8]],[[11.1],[13.1],[18.699999999999999],[33.100000000000001],[14.1],[16.699999999999999],[19.100000000000001],[38.200000000000003],[13.5],[25.199999999999999],[20.800000000000001],[32],[24.100000000000001],[21.899999999999999],[16.800000000000001],[34.799999999999997],[19.600000000000001],[16.5],[7.5],[30.199999999999999],[12.5],[19.300000000000001],[19.100000000000001],[39.5],[10.800000000000001],[20.800000000000001],[15.1],[23.800000000000001],[13],[14.5],[14.699999999999999],[27.100000000000001],[12],[23.300000000000001],[13.9],[7],[6.2000000000000002],[16.199999999999999],[19.600000000000001],[32.399999999999999],[18.399999999999999],[18.899999999999999],[16.800000000000001],[30],[19.600000000000001],[12.6],[28.800000000000001],[31.100000000000001],[24.5],[16.899999999999999],[23.399999999999999],[31.5],[20.199999999999999]]]

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Government

National general government financial assets

National general government selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	23.3	793.1	-0.4	790.1	13.3	810.5
Deposits	10.7	133.7	4.7	138.7	7.9	146.3
	Central bank	10.4	103.9	1.3	105.2	4.6	109.7
	Authorised deposit taking institutions	1.2	21.0	2.3	23.2	2.4	25.5
One name paper	-1.7	33.6	-3.9	28.9	-2.7	26.8
Shares and equity	1.8	201.3	3.5	198.3	5.7	209.2
Other assets	12.6	424.5	-4.6	424.3	2.5	428.3

National general government liabilities

National general government selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	16.3	1,310.6	-1.6	1,284.6	30.8	1,335.4
One name paper	1.5	28.0	-0.2	27.8	-2.9	24.9
Bonds	7.3	866.9	-18.9	830.2	30.2	883.6
	Central bank	0.1	260.2	-21.0	235.0	5.8	246.8
	Authorised deposit taking institutions	3.9	83.6	23.1	105.1	19.1	127.0
	Rest of world	9.5	417.5	-15.6	391.6	0.8	404.5
Other liabilities	7.4	415.6	17.4	426.5	3.5	426.8

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total assets	3.3	700.6	1.9	698.7	-0.4	720.2
Deposits	0.3	91.1	-0.9	90.1	3.9	94.0
Loans and placements	3.8	74.2	2.5	76.7	-3.8	72.9
Shares and equity	-0.9	501.4	0.9	498.6	-1.8	518.3
	State and local PNFCs	0.0	384.5	0.0	375.4	0.0	403.5
	Other private non-fin corps	0.2	41.4	0.2	41.6	-0.6	41.4
Other assets	0.1	34.0	-0.6	33.3	1.4	35.1

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Mar-24	Amounts outstanding, Mar-24	Transactions, Jun-24	Amounts outstanding, Jun-24	Transactions, Sep-24	Amounts outstanding, Sep-24
Total liabilities	11.0	618.3	22.2	639.6	19.9	659.1
Loans and placements	10.8	420.6	16.0	436.6	17.4	453.9
	Central borrowing authorities	12.5	401.0	15.9	416.9	17.7	434.6
Unfunded superannuation claims	0.6	108.5	0.6	108.2	0.6	108.1
Other liabilities	-0.5	89.2	5.6	94.8	1.9	97.0

General government

General government (national, and state) were net borrowers of $37.8b. This was driven by a:

$30.0b of bond issuance
$17.4b borrowing of loans

Partly offset by a:

$11.8b increase in deposit assets

National general government were net borrowers of $17.5b. The national general government's position was driven by a:

$30.2b of bond issuance

Partly offset by a:

$7.9b increase in deposit assets

National general government bond issuance was its highest since the September 2020 quarter. National general government expenditure has increased due to increased public investment and social assistance payments to households. Additionally, the introduction of stage 3 tax cuts during the quarter was reflected in reduced taxation receipts.

State and local general government were net borrowers of $20.3b. The state and local general government's position was mainly driven by a:

$17.4b borrowing of loans

Loan liabilities of state and local general governments grew for the tenth consecutive quarter. They reached record levels of $453.9b as state governments sourced funding for employee expenses, social benefits to households, and health infrastructure projects.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Sep-11	-25.8	-3.5	-0.3	-21.3	-9.0	8.3
Dec-11	-14.9	11.3	0.9	-22.0	-2.1	-2.9
Mar-12	-13.2	3.4	-1.7	-13.8	-0.3	-0.7
Jun-12	-30.1	-7.4	1.4	-4.9	-5.0	-14.2
Sep-12	-24.3	9.3	-3.5	-15.2	-15.5	0.5
Dec-12	-12.4	2.9	-5.3	-10.8	6.3	-5.5
Mar-13	-15.5	0.5	1.8	-13.3	-2.1	-2.4
Jun-13	-14.0	1.0	14.3	-8.7	0.6	-21.2
Sep-13	-20.2	6.0	-1.5	-24.7	-11.3	11.4
Dec-13	-10.9	5.6	-0.4	-16.4	-0.3	0.7
Mar-14	-11.0	13.5	8.6	-27.8	-2.5	-2.8
Jun-14	-10.2	-8.4	-3.3	-4.6	1.0	5.1
Sep-14	-18.4	6.5	-1.7	-18.4	-4.5	-0.3
Dec-14	-10.0	0.4	-1.1	-10.8	3.3	-1.8
Mar-15	-3.6	12.2	3.5	-16.0	0.4	-3.8
Jun-15	-8.4	-5.1	-0.2	-7.3	2.1	2.2
Sep-15	-15.0	1.9	-1.9	-26.3	-1.3	12.6
Dec-15	-7.2	-7.0	5.8	-7.6	6.8	-5.2
Mar-16	-8.8	9.3	1.7	-22.1	1.5	0.8
Jun-16	-6.0	1.1	0.5	-4.8	-0.4	-2.3
Sep-16	-22.1	-3.1	3.7	-24.0	-0.7	1.9
Dec-16	-24.1	11.5	0.8	-23.7	4.6	-17.3
Mar-17	2.2	7.9	0.5	-20.7	2.2	12.3
Jun-17	-12.8	15.7	6.9	-19.8	-0.5	-15.2
Sep-17	-18.7	-24.2	0.5	-0.9	-4.0	9.8
Dec-17	-2.6	8.6	-5.6	-14.7	1.7	7.4
Mar-18	-0.9	-1.0	-2.2	-5.1	1.6	5.8
Jun-18	-0.2	5.0	6.2	-11.3	6.2	-6.3
Sep-18	-18.5	-3.3	-0.3	-2.4	-1.8	-10.7
Dec-18	-9.2	-18.2	2.0	-2.3	-3.1	12.4
Mar-19	-0.3	-1.4	1.6	3.7	0.4	-4.7
Jun-19	-9.2	6.6	0.1	-10.5	-2.5	-3.0
Sep-19	-22.9	0.3	-1.3	-13.7	-8.6	0.3
Dec-19	-14.2	-7.7	-4.0	1.0	-6.3	2.8
Mar-20	-14.3	21.1	-16.3	-15.7	-12.7	9.3
Jun-20	-89.0	46.9	-25.8	-71.0	-26.0	-13.1
Sep-20	-110.8	42.4	0.1	-117.2	-30.5	-5.6
Dec-20	-44.9	-32.3	16.5	-23.0	-21.7	15.7
Mar-21	-14.6	-15.0	14.0	-21.9	-0.5	8.8
Jun-21	-9.8	1.1	4.6	-5.7	1.1	-11.0
Sep-21	-43.7	9.6	0.0	-23.9	-26.6	-2.8
Dec-21	-26.0	8.8	-5.2	-8.4	-5.8	-15.4
Mar-22	-1.8	3.1	3.5	-18.2	0.3	9.6
Jun-22	-30.1	34.2	-8.6	-26.0	-16.2	-13.5
Sep-22	-26.1	-6.6	1.3	8.8	-18.8	-10.8
Dec-22	-13.8	-14.2	-0.5	-1.5	-7.4	9.7
Mar-23	13.1	18.6	-4.9	-11.4	-2.2	13.0
Jun-23	6.4	11.5	10.0	14.9	-4.6	-25.5
Sep-23	-25.6	-10.9	-5.8	-7.2	-12.6	11.0
Dec-23	-28.8	-8.0	4.8	-15.4	-17.3	7.1
Mar-24	-0.7	11.0	-3.2	-4.2	-5.6	1.4
Jun-24	-19.1	3.7	-3.7	19.4	-18.4	-20.1
Sep-24	-37.8	11.8	0.2	-30.2	-22.0	2.5

General government's change in financial position

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

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[-25.800000000000001],[-14.9],[-13.199999999999999],[-30.100000000000001],[-24.300000000000001],[-12.4],[-15.5],[-14],[-20.199999999999999],[-10.9],[-11],[-10.199999999999999],[-18.399999999999999],[-10],[-3.6000000000000001],[-8.4000000000000004],[-15],[-7.2000000000000002],[-8.8000000000000007],[-6],[-22.100000000000001],[-24.100000000000001],[2.2000000000000002],[-12.800000000000001],[-18.699999999999999],[-2.6000000000000001],[-0.90000000000000002],[-0.20000000000000001],[-18.5],[-9.1999999999999993],[-0.29999999999999999],[-9.1999999999999993],[-22.899999999999999],[-14.199999999999999],[-14.300000000000001],[-89],[-110.8],[-44.899999999999999],[-14.6],[-9.8000000000000007],[-43.700000000000003],[-26],[-1.8],[-30.100000000000001],[-26.100000000000001],[-13.800000000000001],[13.1],[6.4000000000000004],[-25.600000000000001],[-28.800000000000001],[-0.69999999999999996],[-19.100000000000001],[-37.799999999999997]],[[-3.5],[11.300000000000001],[3.3999999999999999],[-7.4000000000000004],[9.3000000000000007],[2.8999999999999999],[0.5],[1],[6],[5.5999999999999996],[13.5],[-8.4000000000000004],[6.5],[0.40000000000000002],[12.199999999999999],[-5.0999999999999996],[1.8999999999999999],[-7],[9.3000000000000007],[1.1000000000000001],[-3.1000000000000001],[11.5],[7.9000000000000004],[15.699999999999999],[-24.199999999999999],[8.5999999999999996],[-1],[5],[-3.2999999999999998],[-18.199999999999999],[-1.3999999999999999],[6.5999999999999996],[0.29999999999999999],[-7.7000000000000002],[21.100000000000001],[46.899999999999999],[42.399999999999999],[-32.299999999999997],[-15],[1.1000000000000001],[9.5999999999999996],[8.8000000000000007],[3.1000000000000001],[34.200000000000003],[-6.5999999999999996],[-14.199999999999999],[18.600000000000001],[11.5],[-10.9],[-8],[11],[3.7000000000000002],[11.800000000000001]],[[-0.29999999999999999],[0.90000000000000002],[-1.7],[1.3999999999999999],[-3.5],[-5.2999999999999998],[1.8],[14.300000000000001],[-1.5],[-0.40000000000000002],[8.5999999999999996],[-3.2999999999999998],[-1.7],[-1.1000000000000001],[3.5],[-0.20000000000000001],[-1.8999999999999999],[5.7999999999999998],[1.7],[0.5],[3.7000000000000002],[0.80000000000000004],[0.5],[6.9000000000000004],[0.5],[-5.5999999999999996],[-2.2000000000000002],[6.2000000000000002],[-0.29999999999999999],[2],[1.6000000000000001],[0.10000000000000001],[-1.3],[-4],[-16.300000000000001],[-25.800000000000001],[0.10000000000000001],[16.5],[14],[4.5999999999999996],[0],[-5.2000000000000002],[3.5],[-8.5999999999999996],[1.3],[-0.5],[-4.9000000000000004],[10],[-5.7999999999999998],[4.7999999999999998],[-3.2000000000000002],[-3.7000000000000002],[0.20000000000000001]],[[-21.300000000000001],[-22],[-13.800000000000001],[-4.9000000000000004],[-15.199999999999999],[-10.800000000000001],[-13.300000000000001],[-8.6999999999999993],[-24.699999999999999],[-16.399999999999999],[-27.800000000000001],[-4.5999999999999996],[-18.399999999999999],[-10.800000000000001],[-16],[-7.2999999999999998],[-26.300000000000001],[-7.5999999999999996],[-22.100000000000001],[-4.7999999999999998],[-24],[-23.699999999999999],[-20.699999999999999],[-19.800000000000001],[-0.90000000000000002],[-14.699999999999999],[-5.0999999999999996],[-11.300000000000001],[-2.3999999999999999],[-2.2999999999999998],[3.7000000000000002],[-10.5],[-13.699999999999999],[1],[-15.699999999999999],[-71],[-117.2],[-23],[-21.899999999999999],[-5.7000000000000002],[-23.899999999999999],[-8.4000000000000004],[-18.199999999999999],[-26],[8.8000000000000007],[-1.5],[-11.4],[14.9],[-7.2000000000000002],[-15.4],[-4.2000000000000002],[19.399999999999999],[-30.199999999999999]],[[-9],[-2.1000000000000001],[-0.29999999999999999],[-5],[-15.5],[6.2999999999999998],[-2.1000000000000001],[0.59999999999999998],[-11.300000000000001],[-0.29999999999999999],[-2.5],[1],[-4.5],[3.2999999999999998],[0.40000000000000002],[2.1000000000000001],[-1.3],[6.7999999999999998],[1.5],[-0.40000000000000002],[-0.69999999999999996],[4.5999999999999996],[2.2000000000000002],[-0.5],[-4],[1.7],[1.6000000000000001],[6.2000000000000002],[-1.8],[-3.1000000000000001],[0.40000000000000002],[-2.5],[-8.5999999999999996],[-6.2999999999999998],[-12.699999999999999],[-26],[-30.5],[-21.699999999999999],[-0.5],[1.1000000000000001],[-26.600000000000001],[-5.7999999999999998],[0.29999999999999999],[-16.199999999999999],[-18.800000000000001],[-7.4000000000000004],[-2.2000000000000002],[-4.5999999999999996],[-12.6],[-17.300000000000001],[-5.5999999999999996],[-18.399999999999999],[-22]],[[8.3000000000000007],[-2.8999999999999999],[-0.69999999999999996],[-14.199999999999999],[0.5],[-5.5],[-2.3999999999999999],[-21.199999999999999],[11.4],[0.69999999999999996],[-2.7999999999999998],[5.0999999999999996],[-0.29999999999999999],[-1.8],[-3.7999999999999998],[2.2000000000000002],[12.6],[-5.2000000000000002],[0.80000000000000004],[-2.2999999999999998],[1.8999999999999999],[-17.300000000000001],[12.300000000000001],[-15.199999999999999],[9.8000000000000007],[7.4000000000000004],[5.7999999999999998],[-6.2999999999999998],[-10.699999999999999],[12.4],[-4.7000000000000002],[-3],[0.29999999999999999],[2.7999999999999998],[9.3000000000000007],[-13.1],[-5.5999999999999996],[15.699999999999999],[8.8000000000000007],[-11],[-2.7999999999999998],[-15.4],[9.5999999999999996],[-13.5],[-10.800000000000001],[9.6999999999999993],[13],[-25.5],[11],[7.0999999999999996],[1.3999999999999999],[-20.100000000000001],[2.5]]]

[]

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[{"value":"0","axis_id":"0","axis_title":"$b","axis_units":"","tooltip_units":"($b)","table_units":"($b)","axis_min":"-200","axis_max":"100","tick_interval":"50","precision":"1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

(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 by $2.1b to $14.3b this quarter.

This was driven by a:

$2.9b decrease in change in inventories
$0.8b increase in net savings

and partly offset by a:

$3.7b increase in gross fixed capital formation

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
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	0.3
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	-3.0
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	-3.8
Dec-80	-3.3
Mar-81	-2.9
Jun-81	-4.2
Sep-81	-4.2
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	-2.8
Mar-84	-4.0
Jun-84	-3.5
Sep-84	-4.4
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	-3.1
Jun-88	-2.9
Sep-88	-4.0
Dec-88	-4.8
Mar-89	-5.7
Jun-89	-5.9
Sep-89	-6.3
Dec-89	-6.2
Mar-90	-6.2
Jun-90	-4.4
Sep-90	-4.1
Dec-90	-4.9
Mar-91	-3.9
Jun-91	-3.3
Sep-91	-3.2
Dec-91	-3.0
Mar-92	-3.0
Jun-92	-3.3
Sep-92	-3.8
Dec-92	-3.2
Mar-93	-2.9
Jun-93	-3.2
Sep-93	-3.3
Dec-93	-3.0
Mar-94	-2.8
Jun-94	-4.4
Sep-94	-5.6
Dec-94	-5.3
Mar-95	-5.9
Jun-95	-5.1
Sep-95	-4.4
Dec-95	-4.8
Mar-96	-4.1
Jun-96	-2.8
Sep-96	-3.9
Dec-96	-3.5
Mar-97	-3.0
Jun-97	-2.0
Sep-97	-3.2
Dec-97	-3.7
Mar-98	-5.0
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	-5.0
Jun-00	-5.0
Sep-00	-3.2
Dec-00	-3.3
Mar-01	-2.6
Jun-01	-2.1
Sep-01	-1.7
Dec-01	-2.8
Mar-02	-2.6
Jun-02	-3.6
Sep-02	-4.0
Dec-02	-5.1
Mar-03	-5.0
Jun-03	-5.6
Sep-03	-5.4
Dec-03	-5.4
Mar-04	-5.8
Jun-04	-5.5
Sep-04	-6.6
Dec-04	-7.3
Mar-05	-6.5
Jun-05	-5.7
Sep-05	-6.0
Dec-05	-5.7
Mar-06	-5.6
Jun-06	-6.2
Sep-06	-5.7
Dec-06	-5.9
Mar-07	-6.2
Jun-07	-6.6
Sep-07	-6.8
Dec-07	-7.3
Mar-08	-6.8
Jun-08	-5.8
Sep-08	-4.0
Dec-08	-3.0
Mar-09	-1.5
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.4
Mar-10	-5.5
Jun-10	-2.9
Sep-10	-3.0
Dec-10	-3.5
Mar-11	-3.4
Jun-11	-3.1
Sep-11	-2.7
Dec-11	-2.9
Mar-12	-4.7
Jun-12	-3.7
Sep-12	-4.3
Dec-12	-4.8
Mar-13	-3.5
Jun-13	-3.6
Sep-13	-3.7
Dec-13	-2.8
Mar-14	-2.7
Jun-14	-3.2
Sep-14	-3.4
Dec-14	-3.2
Mar-15	-3.3
Jun-15	-5.2
Sep-15	-5.0
Dec-15	-5.4
Mar-16	-4.5
Jun-16	-4.5
Sep-16	-3.6
Dec-16	-1.6
Mar-17	-2.3
Jun-17	-2.7
Sep-17	-2.9
Dec-17	-3.6
Mar-18	-3.1
Jun-18	-3.1
Sep-18	-2.4
Dec-18	-1.8
Mar-19	-1.3
Jun-19	0.2
Sep-19	0.9
Dec-19	-0.1
Mar-20	0.6
Jun-20	2.6
Sep-20	1.5
Dec-20	2.1
Mar-21	3.0
Jun-21	3.0
Sep-21	3.5
Dec-21	0.2
Mar-22	0.1
Jun-22	1.4
Sep-22	-0.6
Dec-22	0.6
Mar-23	0.4
Jun-23	-0.4
Sep-23	-1.2
Dec-23	-0.2
Mar-24	-1.5
Jun-24	-2.4
Sep-24	-2.1

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

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

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[]

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National net borrowing as a proportion of GDP decreased this quarter, driven by a fall in changes in inventories and a rise in net savings:

Financial corporations' net lending decreased by $4.0b to $12.8b.
Non-financial corporations' net borrowing decreased by $6.1b to $10.0b.
General government net borrowing increased by $1.3b to $21.6b.
Households' net lending increased by $2.5b to $3.5b.

Notable drivers included the following:

Financial corporations' net lending was driven by a decrease in net savings due to a decrease in dividends receivable.
Non-financial corporations' net borrowing was driven by a decrease in changes in inventories from private non-financial corporations, including falls in retail trade, mining, and wholesale trade.
General government net borrowing was driven by an increase in gross fixed capital formation due to an increase in national general government, which was driven by a sharp rise in defence weapons platforms investment.
Households' net lending was driven by an increase in net savings due to an increase in gross disposable income, driven by an increase in compensation of employees, as well as a decrease in income tax payable.

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-11	-14.9	11.1	-16.5	12.3
Dec-11	-17.6	10.6	-19.4	15.5
Mar-12	-24.5	11.9	-14.2	11.0
Jun-12	-21.2	10.4	-19.0	13.3
Sep-12	-23.7	11.8	-13.6	6.7
Dec-12	-29.1	11.3	-11.6	9.8
Mar-13	-21.8	9.3	-14.1	12.0
Jun-13	-26.1	9.6	-4.3	10.8
Sep-13	-21.4	8.6	-12.0	9.8
Dec-13	-22.3	8.6	-11.4	11.5
Mar-14	-20.4	8.8	-12.3	11.7
Jun-14	-23.1	7.6	-8.6	13.6
Sep-14	-24.0	8.0	-10.2	10.8
Dec-14	-20.3	5.8	-10.6	10.3
Mar-15	-22.6	7.2	-8.3	9.0
Jun-15	-22.5	4.9	-7.0	10.7
Sep-15	-25.4	6.9	-7.3	7.4
Dec-15	-25.0	8.7	-7.2	3.4
Mar-16	-22.2	7.4	-10.8	3.1
Jun-16	-20.6	8.4	-11.6	4.0
Sep-16	-17.9	7.9	-11.2	3.8
Dec-16	-10.9	7.0	-5.8	1.8
Mar-17	-9.8	4.7	-2.9	1.8
Jun-17	-11.4	7.2	-8.1	0.4
Sep-17	-15.8	7.4	-5.8	0.5
Dec-17	-16.3	5.3	-6.7	2.9
Mar-18	-15.3	7.6	-6.2	1.7
Jun-18	-22.2	6.2	-4.5	0.7
Sep-18	-16.9	5.2	-5.6	2.8
Dec-18	-16.0	5.8	-7.6	6.2
Mar-19	-10.2	6.7	-8.1	9.4
Jun-19	-8.9	5.9	-5.4	8.2
Sep-19	-7.4	5.1	-11.6	15.8
Dec-19	-10.1	4.3	-11.9	13.4
Mar-20	-2.5	2.8	-14.7	22.3
Jun-20	23.5	11.7	-95.9	71.9
Sep-20	27.4	2.5	-85.7	61.9
Dec-20	14.7	1.4	-43.1	37.0
Mar-21	7.4	0.6	-26.5	37.0
Jun-21	1.4	0.9	-13.5	29.1
Sep-21	-7.3	3.8	-38.7	60.5
Dec-21	-6.9	-1.0	-26.8	33.7
Mar-22	1.5	-6.0	-20.5	29.5
Jun-22	4.7	0.9	-15.2	20.1
Sep-22	-8.8	6.4	-15.0	15.9
Dec-22	-24.6	11.1	-2.0	1.8
Mar-23	6.7	4.5	-5.5	0.2
Jun-23	-6.3	6.6	-8.7	-1.9
Sep-23	-8.5	10.1	-7.8	-3.8
Dec-23	-9.8	15.0	-12.0	3.0
Mar-24	-4.7	12.0	-14.7	-0.2
Jun-24	-16.1	16.8	-20.3	1.0
Sep-24	-10.0	12.8	-21.6	3.5

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

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

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[]

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Capital Investment

National capital investment increased to 24.7% as a proportion of GDP, while increasing 2.3% in current price seasonally adjusted terms.

Relative to GDP:

Household capital investment remained at 8.0%
Non-financial corporations' capital investment remained at 11.9%
Financial corporations' capital investment remained at 0.6%
General government capital investment increased to 4.1%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment increased, driven by an increase in public non-financial corporations
General government capital investment increased, driven by an increase in 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-11	56.4	2.2	13.0	28.3
Dec-11	55.7	2.2	15.2	27.5
Mar-12	61.0	2.3	12.3	27.4
Jun-12	63.9	2.3	13.7	27.3
Sep-12	63.7	2.5	13.3	28.0
Dec-12	66.1	2.5	12.5	28.3
Mar-13	62.0	2.5	13.3	28.0
Jun-13	62.4	2.5	11.5	29.0
Sep-13	63.3	2.4	12.6	29.6
Dec-13	62.9	2.3	12.8	30.2
Mar-14	60.6	2.4	13.2	31.1
Jun-14	59.8	2.4	12.6	31.6
Sep-14	57.1	2.7	12.8	33.5
Dec-14	56.1	2.8	12.8	35.2
Mar-15	54.9	2.7	12.4	36.3
Jun-15	54.4	2.6	12.9	36.1
Sep-15	52.6	2.9	12.4	37.9
Dec-15	51.8	2.9	12.5	38.1
Mar-16	49.7	2.9	14.1	38.6
Jun-16	47.4	2.8	14.6	39.5
Sep-16	45.4	2.9	14.1	40.0
Dec-16	47.5	2.9	14.5	40.9
Mar-17	46.7	2.9	15.7	41.1
Jun-17	45.8	2.9	17.8	41.4
Sep-17	51.2	2.5	17.1	40.6
Dec-17	50.3	3.1	17.5	40.9
Mar-18	50.9	3.1	17.5	42.0
Jun-18	51.0	3.1	17.4	42.8
Sep-18	52.0	3.1	18.9	41.4
Dec-18	51.7	3.1	19.0	40.3
Mar-19	52.2	3.0	19.2	39.1
Jun-19	52.8	3.1	18.6	38.3
Sep-19	53.8	3.0	19.8	38.1
Dec-19	53.4	3.0	20.5	38.1
Mar-20	53.1	2.9	19.9	38.4
Jun-20	51.4	2.7	18.8	35.7
Sep-20	51.1	2.7	19.4	36.5
Dec-20	52.4	2.8	20.4	39.4
Mar-21	54.9	2.9	20.4	42.7
Jun-21	57.0	3.0	21.3	45.0
Sep-21	58.7	3.1	21.9	45.5
Dec-21	60.3	3.1	22.0	46.9
Mar-22	62.4	3.2	22.8	48.8
Jun-22	65.1	3.4	23.6	48.7
Sep-22	67.0	3.5	24.0	49.3
Dec-22	68.3	3.5	24.5	49.6
Mar-23	71.3	3.6	25.3	50.3
Jun-23	75.2	3.7	26.4	51.7
Sep-23	77.1	3.8	27.0	51.6
Dec-23	79.2	3.8	26.4	51.4
Mar-24	79.4	3.9	26.7	52.2
Jun-24	80.6	4.0	26.4	53.9
Sep-24	81.1	4.0	28.1	54.6

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24"],[[56.399999999999999],[55.700000000000003],[61],[63.899999999999999],[63.700000000000003],[66.099999999999994],[62],[62.399999999999999],[63.299999999999997],[62.899999999999999],[60.600000000000001],[59.799999999999997],[57.100000000000001],[56.100000000000001],[54.899999999999999],[54.399999999999999],[52.600000000000001],[51.799999999999997],[49.700000000000003],[47.399999999999999],[45.399999999999999],[47.5],[46.700000000000003],[45.799999999999997],[51.200000000000003],[50.299999999999997],[50.899999999999999],[51],[52],[51.700000000000003],[52.200000000000003],[52.799999999999997],[53.799999999999997],[53.399999999999999],[53.100000000000001],[51.399999999999999],[51.100000000000001],[52.399999999999999],[54.899999999999999],[57],[58.700000000000003],[60.299999999999997],[62.399999999999999],[65.099999999999994],[67],[68.299999999999997],[71.299999999999997],[75.200000000000003],[77.099999999999994],[79.200000000000003],[79.400000000000006],[80.599999999999994],[81.099999999999994]],[[2.2000000000000002],[2.2000000000000002],[2.2999999999999998],[2.2999999999999998],[2.5],[2.5],[2.5],[2.5],[2.3999999999999999],[2.2999999999999998],[2.3999999999999999],[2.3999999999999999],[2.7000000000000002],[2.7999999999999998],[2.7000000000000002],[2.6000000000000001],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[2.7999999999999998],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[2.5],[3.1000000000000001],[3.1000000000000001],[3.1000000000000001],[3.1000000000000001],[3.1000000000000001],[3],[3.1000000000000001],[3],[3],[2.8999999999999999],[2.7000000000000002],[2.7000000000000002],[2.7999999999999998],[2.8999999999999999],[3],[3.1000000000000001],[3.1000000000000001],[3.2000000000000002],[3.3999999999999999],[3.5],[3.5],[3.6000000000000001],[3.7000000000000002],[3.7999999999999998],[3.7999999999999998],[3.8999999999999999],[4],[4]],[[13],[15.199999999999999],[12.300000000000001],[13.699999999999999],[13.300000000000001],[12.5],[13.300000000000001],[11.5],[12.6],[12.800000000000001],[13.199999999999999],[12.6],[12.800000000000001],[12.800000000000001],[12.4],[12.9],[12.4],[12.5],[14.1],[14.6],[14.1],[14.5],[15.699999999999999],[17.800000000000001],[17.100000000000001],[17.5],[17.5],[17.399999999999999],[18.899999999999999],[19],[19.199999999999999],[18.600000000000001],[19.800000000000001],[20.5],[19.899999999999999],[18.800000000000001],[19.399999999999999],[20.399999999999999],[20.399999999999999],[21.300000000000001],[21.899999999999999],[22],[22.800000000000001],[23.600000000000001],[24],[24.5],[25.300000000000001],[26.399999999999999],[27],[26.399999999999999],[26.699999999999999],[26.399999999999999],[28.100000000000001]],[[28.300000000000001],[27.5],[27.399999999999999],[27.300000000000001],[28],[28.300000000000001],[28],[29],[29.600000000000001],[30.199999999999999],[31.100000000000001],[31.600000000000001],[33.5],[35.200000000000003],[36.299999999999997],[36.100000000000001],[37.899999999999999],[38.100000000000001],[38.600000000000001],[39.5],[40],[40.899999999999999],[41.100000000000001],[41.399999999999999],[40.600000000000001],[40.899999999999999],[42],[42.799999999999997],[41.399999999999999],[40.299999999999997],[39.100000000000001],[38.299999999999997],[38.100000000000001],[38.100000000000001],[38.399999999999999],[35.700000000000003],[36.5],[39.399999999999999],[42.700000000000003],[45],[45.5],[46.899999999999999],[48.799999999999997],[48.700000000000003],[49.299999999999997],[49.600000000000001],[50.299999999999997],[51.700000000000003],[51.600000000000001],[51.399999999999999],[52.200000000000003],[53.899999999999999],[54.600000000000001]]]

[]

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Data downloads

Download all (10.66 MB)

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
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TABLE 2. Demand for Credit ($ million)
Download xlsx [252.91 KB]
TABLE 3. National Capital Account, Current prices ($ million)
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TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [104.86 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [78.19 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [381.39 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.71 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [376.9 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [231.77 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [381.63 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.6 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [265.95 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.47 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [353.8 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [163.15 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [488 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [318.15 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [224.41 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [71.24 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [298.02 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [295.58 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [143.68 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [275.89 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [261.5 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [203.98 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [319.82 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [77.64 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [303.98 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [76.91 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [280.4 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [76.98 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [191.84 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [77.02 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [254.86 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [80.14 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [67.02 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [66.22 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [458.36 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [80.41 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [115.33 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [125.88 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [105.72 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [363.52 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [464.61 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [189.81 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [156.77 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [355.89 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [256.56 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [323.06 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [391.97 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [56.18 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [56.95 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [156.43 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [357.24 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

There have been revisions to previously published aggregates due to:

Quality assurance reviews affecting the published aggregates after September quarter 2022, 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.
Incorporation of revisions from the Australian System of National Accounts throughout the time series

AASB 17 accounting standard

The adoption of the AASB 17 accounting standard by the insurance industry has resulted in changes to reported data. Consequently, some of the estimates for life insurance corporations since the September quarter 2023 have been modelled. While these series continue to be published, users are advised to apply caution. The ABS is working with data providers to resolve these issues as quickly as possible.

ABS Managed Funds publication

Following the conclusion of consultation with users and industry, the ABS has taken the decision to pause the ABS Managed Funds publication following the release of the December quarter 2023 issue. ABS survey data on public offer unit trusts will continue to be used in the compilation of associated sectors in the National Accounts: Finance and Wealth publication (tables 9 and 23). In this publication, adjustments are made to these sectors to account for scope and coverage, based on other counterparty information, though some underlying quality issues remain. Users are advised to apply caution when using these statistics and use the methodology and data quality notes when referencing any data points. For additional information please see the December quarter 2023 Managed Funds publication.

Methodology

Australian National Accounts: Finance and Wealth methodology, September 2024

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APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Financing resources and investment tables

Financial market summary table

Flow of funds diagrams

Net transactions during September quarter 2024

Amounts outstanding at end of September quarter 2024

National investment

Financial investment

Households

General government

Demand for credit

Demand for credit table

Other private non-financial corporations

General government

Households

Households

Balance sheet

Financial assets

Liabilities

Non-financial assets

Financial assets

Liabilities

Private non-financial corporations

Financial assets

Liabilities

Other private non-financial corporations demand for credit

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)