1218.0 - Standard Economic Sector Classifications of Australia (SESCA), 2002  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002   
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Contents >> Chapter 3: Standard Institutional Sector Classification of Australia >> Allocation of resident units to resident institutional sectors

Allocation of resident units to resident institutional sectors


3.6. The allocation of resident units to institutional sectors is best described by starting with the following table adapted from SNA93 table 4.1.


Relationship of Institutional Units and Sectors
Institutional Sector
Type of institutional unitNon-financial corporationsFinancial corporationsGeneral government (a)HouseholdsNPISH
Corporations (private and public)Non-financial corporations (including quasi- corporations)Financial corporations (including quasi- corporations) • • • • • •
Government
units (b)		 • • • •Government
units (b)		 • • • •
Households • • • • • •Households • •
NPIsNon-financial market NPIsFinancial market NPIsNon-market NPIs controlled and mainly financed by government • •Other non-market NPIs

(a) The general government sector undertakes regulatory functions, provides goods and services to the community or to individual households by financing their provision out of taxation or other income, redistributes income and wealth by means of transfers and engages in non-market production. It does not include government-owned or controlled businesses.

(b) Government units referred to in the SISCA do not include government-owned or controlled corporations and quasi-corporations.
3.7. In the table in paragraph 3.6, the first column lists the types of units identified in Chapter 2 and the remaining five columns show how the units are allocated to institutional sectors. The institutional units are classified to institutional sectors in the following way:
  • corporations are divided between two sectors: the non-financial corporations sector, and the financial corporations sector
  • all government units are classified to the general government sector
  • all household units (including unincorporated enterprises operated by households that are not treated as quasi-corporations) are classified to the households sector
  • market NPIs are divided between the non-financial corporations sector and the financial corporations sector
  • non-market NPIs are divided between the general government sector and the nonprofit institutions serving households (NPISH) sector.

3.8. The broad composition of each sector can be seen by looking down the columns for each of the institutional sectors, that is:
  • the non-financial corporations sector comprises non-financial corporations, non-financial quasi-corporations and non-financial market NPIs
  • the financial corporations sector comprises financial corporations, financial quasi-corporations and financial market NPIs
  • the general government sector comprises government units and non-market NPIs that are controlled and mainly financed by government
  • the households sector comprises household units, including unincorporated enterprises that have not been identified as quasi-corporations
  • the NPISH sector comprises other non-market NPIs.



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