Appendix 4 Changes in this addition
Latest release
Australian System of National Accounts: Concepts, Sources and Methods
Reference period
2020-21 financial year
Released
9/07/2021
A4.1 The following table outlines the changes that have been made in this edition of the Australian System of National Accounts: Concepts, Sources and Methods.
| Item | Change made | Table/paragraph number |
|---|---|---|
| Updates to sources and methods under the expenditure approach | Various updates to data sources and methods throughout the chapter, notably those related to Intellectual Property Products (IPP) data sources and methods. | Table 10.38 and throughout Chapter 10 |
| Adjustment to household final consumption expenditure – Low Value Threshold | A coverage adjustment for purchases that fall below the low value threshold of $1,000, often from international websites. The adjustment is made as part of annual HFCE benchmarks. The change has been backcast to 1998-99. | Paragraph 10.43 to 10.45 |
| Quarterly current price gross value added | Description of the compilation of quarterly current price gross values added (GVA) by industry from the income approach. | Paragraph 11.50 to 11.52 |
| Update of subsidies by industry derivation | Addition of COVID-19 related other subsidies on production to list of industry specific subsides. | Tables 11.24, 11.25, paragraph 11.48 |
| Mean asset lives and asset life distribution methods | Updates to mean asset lives and asset life distribution methods. Chapter update includes added information on definitions of the six-way asset split for machinery and equipment. | Tables 14.1, 14.3-14.5, paragraph 14.68 and throughout Chapter 14 |
| Updates to sources and methods in the Financial account | New sub-sectors Authorised deposit-taking institutions (ADIs) and Other broad money institutions replace previously sub-sectors banks and other depository corporations. Data sources are updated for sub-sectors, including the use of APRA Economic and Financial Statistics (EFS) collection and APRA superannuation data. Method is updated for unlisted equity in investment funds. | Paragraphs 15.31, 15.36, Table 15.10 and throughout Chapter 15 |
| Updated methods for productivity estimates | Multi-filter approach is used in estimates of productivity growth cycles for the market sector. Industry productivity growth cycles and experimental productivity estimates for states and territories are added. | Paragraphs 19.63-19.64, 19.66-19.69 |
| New analytical series | Methods for new analytical series (e.g. Mining and non-mining private business investment) added. | Throughout Chapter 20 |
| State accounts | Methods and source data changes for GSP(I) and GSP(P) sections. | Throughout Chapter 21 |