1006.0 - Forward Work Program, 2015-16 to 2018-19  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/09/2015   
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FINANCIAL STATISTICS

OBJECTIVES

The Financial Statistics program produces statistics on the financial assets, liabilities, borrowing and lending of financial institutions, and on the stocks and flows of finance for the sectors of the economy. The statistics are sourced from several ABS statistical surveys and other data sources including the Australian Prudential Regulation Authority (APRA) and the Australian Taxation Office.

The main users of the program include the main financial policy agencies (including the Department of the Treasury and the Reserve Bank of Australia) and financial institutions, industry associations, analysts and state and territory treasuries.

The statistics are used for analysis of monetary policy outcomes, for monitoring the flows in the financial system, and for assessing the financial performance of the economic sectors or institutional classes. Housing finance commitment statistics are used as one of the indicators of consumer sentiment and, together with personal, commercial and lease finance commitment statistics, are used as forward indicators of demand in the economy.

These statistics are used for the compilation of the Australian National Accounts, predominantly the financial accounts.

OUTPUTS

The key outputs for the program include:

  • Managed Funds, Australia (cat. no. 5655.0), which includes quarterly statistics for cash management trusts; superannuation funds; life insurance corporations; public unit trusts; common funds; and friendly societies
  • Assets and Liabilities of Australian Securitisers (cat. no. 5232.0.55.001), which provides quarterly information on securitisation trusts
  • Housing Finance, Australia (cat. no. 5609.0), which includes monthly information on finance commitments for owner occupation and investment housing, as well as balances outstanding on housing finance loans.
  • Lending Finance, Australia (cat. no. 5671.0), which provides monthly statistics on commercial, personal and lease finance commitments.

The program also compiles the source data for the quarterly publication Australian National Accounts: Financial Accounts (cat. no. 5232.0), which is a component of the Australian National Accounts.

DEVELOPMENTS

The main medium-term developments in the program are to:
  • work with APRA to finalise development and implementation of a statistical superannuation collection - due July 2016
  • work with the Reserve Bank of Australia and APRA to develop a domestic books collection form for authorised deposit-taking institutions and registered financial corporations - due December 2018.
PROGRAM MANAGER

Dean Bowley
Business Characteristics & Indicators Branch

RESOURCES

Program costs
$m
2015-16
1.9
2016-17
1.9
2017-18
2.0