VALUE ADJUSTMENTS
Goods credits data presented in this publication are based on information provided by exporters to the Australian Customs and Border Protection Service (Customs and Border Protection). At the time of initial reporting to Customs and Border Protection, quantity and unit price information may be estimated for commodities such as iron ore and coal. Final quantity and/or unit price information is updated progressively as exporters revise the information provided to Customs and Border Protection. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the balance of payments series in current price, original terms to reflect actual transaction values.
In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was effected.
GOODS CREDITS
Iron ore and coal (in original terms)
- a negative $460m adjustment has been applied to metal ores and minerals in the balance of payments series for December quarter 2014. All previous adjustments have been removed.
- a negative $130m adjustment has been applied to coal, coke and briquettes in the balance of payments series for December quarter 2014. All previous adjustments have been removed.
GOODS DEBITS
Capital expenditure (in original terms)
- the balance of payments goods debits component capital goods n.e.s. includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the customs frontier.
Quality Declaration 
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