Australian National Accounts: Finance and Wealth

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

Reference period

June 2023

Released

28/09/2023

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Key statistics

Household wealth increased $378.5b (2.6%) to $15,099.8b.
Demand for credit was $38.1b, the weakest since June 2005.
Australia's net lending position rose $7.7b to $16.9b this quarter.
Capital investment as a proportion of GDP rose to 23.9%.

Main features

Financing resources and investment table

Financing resources and investment June quarter 2023, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Financing resources
	Net saving (a)	39.1	1.5	11.2	-3.8	48.0	-14.0
	plus Consumption of fixed capital	51.4	3.4	12.8	40.8	108.4	-
	Gross saving	90.4	4.9	24.0	37.0	156.4	-14.0
	plus Net capital transfers	0.6	0.0	-1.9	1.1	-0.2	0.2
	less Statistical discrepancy (b)	-	-	-	-	-13.5	-
	Total financing resources	91.1	4.9	22.1	38.1	169.7	-13.8
Uses of financing (investment)
	Capital formation
		Gross fixed capital formation	76.8	3.4	33.3	51.9	165.4	-
		plus Changes in inventories	-7.7	0.0	0.4	-2.1	-9.4	-
		plus Net acquisition of non-produced non-financial assets	-0.3	-	0.4	-	-	-
		Total capital formation	68.8	3.4	34.0	49.7	156.0	-
	plus Financial investment
		Acquisition of financial assets	2.2	-6.2	13.5	38.7	-86.3	-103.2
		less Incurrence of financial liabilities	0.5	-15.8	12.1	34.6	-103.2	-86.3
		Net Financial investment (Net lending (+) / net borrowing (-))	1.7	9.7	1.4	4.1	16.9	-16.9
	less Net errors and omissions	-20.5	8.2	13.3	15.7	3.2	-3.2
	Total investment	91.1	4.9	22.1	38.1	169.7	-13.7

Financial market summary table

Financial market summary, $b
		Amounts outstanding, Mar-23	Transactions, Jun-23	Other changes, Jun-23	Amounts outstanding, Jun-23
Currency and deposits
	Currency	106.4	-1.0	-	105.3
	Transferable deposits	2,384.8	-50.5	0.9	2,335.3
	Other deposits	1,540.5	15.5	2.3	1,558.3
Short term debt securities
	Bills of exchange	6.8	-0.7	-	6.1
	One name paper	540.1	-7.9	0.2	532.4
Long term debt securities
	Bonds, etc.	3,286.7	29.8	-64.0	3,252.6
Derivatives
	Derivatives	1,107.2	-259.5	422.7	1,270.4
Loans and placements
	Short term	442.9	-13.8	0.2	429.3
	Long term	4,676.8	61.5	6.2	4,744.6
Shares and other equity
	Listed	2,558.6	-7.0	7.5	2,559.1
	Unlisted	5,925.4	-13.9	62.9	5,974.4
Insurance technical reserves
	Reserves of pension funds and life	3,224.8	30.5	32.1	3,287.3
	General insurance payments	156.9	2.2	0.0	159.0

Flow of funds diagrams

National investment

National investment increased $19.8b to $156.0b in the June quarter

General government investment increased by $11.4b to $34.0b driven by increases in gross fixed capital formation for both state and local general government and national general government.
Non-financial corporations' investment increased by $4.3b to $68.8b, driven by increases in gross fixed capital formation for both private non-financial and public non-financial corporations.
Household investment increased $3.6b to $49.7b, driven by an increase in total gross fixed capital formation.

Financial investment

Australia was a net lender of $16.9b to rest of world (ROW). The main contributors were a:

$21.9b disposal of equity issued by Australia by ROW
$19.1b withdrawal of deposits by ROW
$9.2b acquisition of debt securities issued by ROW by Australia
Partly offset by $19.2b disposal of ROW equity by Australia; and
$7.0b acquisition of bonds by ROW, driven mainly by those issued by banks and other private non-financial corporations

An increase in dividends remitted overseas and falling commodity prices resulted in ROW reinvesting lower amounts of profit in foreign owned resource companies. Reductions in deposits reflected funding and liquidity management by Authorised deposit taking institutions and offshore related parties. ROW acquired bonds issued by banks as banks sought additional funding as the Term Funding Facility (TFF) started to mature. Pension funds favoured investment in overseas bonds.

Households

Households $4.1b net lending position was due to a $38.7b acquisition of financial assets, offset by $34.6b incurrence of liabilities. The acquisition of assets was driven by:

$36.5b in net equity in superannuation
partly offset by $6.1b withdrawal of deposit assets

While liabilities were driven by:

$37.8b in loan borrowings

Increased contributions into pension funds reflected additional contributions made by households prior to the end of the financial year. The household sector drew down on deposit assets for the first time since June quarter 2007. The withdrawal of deposits reflected a fall in the household savings ratio as households face high cost of living pressures. Loan borrowing by households reflected renewed activity in the housing market.

General government

General government’s $1.4b net lending position was due to a $13.5b acquisition of financial assets, offset by $12.1b incurrence of liabilities.
The acquisition of assets was driven by:

$14.3b in deposits
$6.0b in short-term debt securities

Liabilities were driven by:

$9.9b in loans
offset by $11.3b in bond maturities

The national general government built up deposits this quarter as tax receipts remain elevated. The national general government also experienced its largest net maturity of bond liabilities. State and territory governments continued to borrow funds from their respective central borrowing authorities to fund investment into transport and 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)
Jun-10	-5.9	20.4	-9.3	-10.0	-7.1
Sep-10	-10.6	-5.9	8.9	-24.7	11.0
Dec-10	-11.9	-4.1	9.8	-16.3	-1.2
Mar-11	-14.0	15.9	2.7	-17.1	-15.5
Jun-11	-9.6	1.0	5.5	-19.8	3.7
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	-21.2	14.4	-10.4	3.5
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	-29.3	3.4	-8.5	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	-9.9	-19.0	-0.4	13.3
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	11.6	-33.6	-9.7	37.8
Sep-19	6.1	-7.5	-14.3	-23.6	51.5
Dec-19	-1.0	-13.5	6.2	-14.3	20.5
Mar-20	7.6	-12.8	10.5	-14.3	24.2
Jun-20	15.6	46.6	3.8	-92.4	57.6
Sep-20	9.6	25.7	17.2	-115.7	82.3
Dec-20	17.7	24.3	8.5	-50.5	35.3
Mar-21	13.7	-3.5	28.4	-20.2	9.0
Jun-21	21.7	19.6	5.2	-16.9	13.8
Sep-21	12.7	-29.6	25.0	-47.6	65.0
Dec-21	9.9	-5.3	18.3	-28.6	25.6
Mar-22	6.0	-53.5	52.8	-5.2	11.9
Jun-22	15.0	6.2	24.4	-18.1	2.5
Sep-22	-5.2	-57.8	24.9	-32.6	60.3
Dec-22	8.6	0.5	7.6	-19.9	20.4
Mar-23	9.2	-23.7	1.5	6.5	25.0
Jun-23	16.9	1.7	9.7	1.4	4.1

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

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

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
		Credit market outstandings, Mar-23	Demand for credit, Jun-23	Other changes, Jun-23	Credit market outstandings, Jun-23
Non-financial corporations
	Investment funds	518.6	3.3	3.2	525.1
	Other private	4,447.9	0.9	-6.1	4,442.6
	Public	178.4	1.8	-0.2	179.9
General government
	National	893.6	-15.7	-34.2	843.6
	State and local	383.3	10.2	-0.3	393.1
Households	2,770.2	37.7	1.4	2,809.3
Total	9,192.0	38.1	-36.4	9,193.7

Demand for credit was $38.1b in the June quarter, of which:

households borrowed $37.7b
other private non-financial corporations borrowed $851m
general government repaid $5.5b of their debt

Credit market outstanding increased by a modest $1.8b, comprised of demand for credit and partly offset by revaluation losses of $36.4b. Holding losses on Commonwealth government bonds of $34.3b reflected rising bond yields during the quarter.

Households

Recovery in the housing market drove housing credit growth this quarter in line with an increase in the value of housing loan commitments. Households borrowed:

$37.8b in long term loans
$91m in short term loans

Other private non-financial corporations

Business lending was driven by investment in machinery and equipment such as motor vehicle purchases. Equity capital on issue was extinguished due to a significant corporate takeover which was funded through existing cash reserves. An increase in dividends remitted overseas and lower commodity prices resulted in less profits reinvested in foreign-owned resource companies. Business financing comprised:

loan borrowings of $7.9b
bond issuance of $2.9b
and partly offset by $7.8b contraction of equity capital

General government

Favourable economic conditions have delivered a boost to taxation revenue, improving the Commonwealth government's cash surplus. This has allowed the Commonwealth government to pay down maturing bond liabilities and reduced their need for new funding. State government demand for credit continues to be driven by investment in health and transport infrastructure. This was reflected in:

$11.8b in net maturities of bonds issued by national general government
and partly offset by $9.5b in loan borrowings by state and local general governments

Demand for credit by sector
	Other private non-financial corporations ($b)	Households ($b)	General government ($b)	Other ($b)
Jun-10	0.8	29.5	20.0	5.8
Sep-10	15.3	17.0	18.3	5.7
Dec-10	20.9	23.5	13.4	-0.4
Mar-11	7.1	21.5	17.7	1.8
Jun-11	5.9	27.2	18.6	-2.4
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	0.3	5.5	144.0	7.9
Dec-20	1.8	22.1	30.2	11.0
Mar-21	16.0	24.5	20.2	6.4
Jun-21	9.1	48.8	6.8	19.6
Sep-21	55.1	40.6	50.1	9.6
Dec-21	32.4	53.6	22.0	16.2
Mar-22	165.9	41.1	13.5	12.4
Jun-22	42.4	52.7	48.5	16.2
Sep-22	73.5	25.9	10.3	7.4
Dec-22	18.9	31.6	7.2	0.1
Mar-23	40.8	18.8	17.7	10.0
Jun-23	0.9	37.7	-5.5	5.1

Demand for credit by sector

["","Other private non-financial corporations","Households","General government","Other"]

[["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"],[[0.80000000000000004],[15.300000000000001],[20.899999999999999],[7.0999999999999996],[5.9000000000000004],[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],[0.29999999999999999],[1.8],[16],[9.0999999999999996],[55.100000000000001],[32.399999999999999],[165.90000000000001],[42.399999999999999],[73.5],[18.899999999999999],[40.799999999999997],[0.90000000000000002]],[[29.5],[17],[23.5],[21.5],[27.199999999999999],[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],[5.5],[22.100000000000001],[24.5],[48.799999999999997],[40.600000000000001],[53.600000000000001],[41.100000000000001],[52.700000000000003],[25.899999999999999],[31.600000000000001],[18.800000000000001],[37.700000000000003]],[[20],[18.300000000000001],[13.4],[17.699999999999999],[18.600000000000001],[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],[10.300000000000001],[7.2000000000000002],[17.699999999999999],[-5.5]],[[5.7999999999999998],[5.7000000000000002],[-0.40000000000000002],[1.8],[-2.3999999999999999],[-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],[7.9000000000000004],[11],[6.4000000000000004],[19.600000000000001],[9.5999999999999996],[16.199999999999999],[12.4],[16.199999999999999],[7.4000000000000004],[0.10000000000000001],[10],[5.0999999999999996]]]

[]

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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, Mar-23	Transactions, Jun-23	Other changes(a), Jun-23	Holding gains/losses, Jun-23	Amounts outstanding, Jun-23
Non-financial assets
	Land and dwellings	9,975.3	11.1	10.2	314.6	10,311.2
	Other non-financial assets	827.0	-2.1	-	16.2	841.1
Financial assets
	Superannuation reserves	3,541.3	36.5	-	10.3	3,588.2
	Shares and other equity	1,297.0	2.1	-	14.9	1,314.0
	Currency and deposits	1,615.2	-6.4	-	0.2	1,608.9
	Other financial assets	385.6	6.5	-	0.4	392.5
Liabilities
	Loans	2,765.8	37.9	-	1.4	2,805.0
	Other liabilities	154.3	-3.3	-	-	151.1
Wealth (Net worth)	14,721.3	13.0	10.2	355.3	15,099.8
Memorandum item
	Consumer durables (b)	528.7	3.4	-	-	540.0

Financial assets

Household selected financial assets, $b
		Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total assets	57.0	6,681.5	46.6	6,839.1	38.7	6,903.6
Deposits	32.5	1,538.5	25.4	1,565.8	-6.1	1,559.8
Shares and equity	-1.4	1,275.9	-0.6	1,297.0	2.1	1,314.0
Net equity in reserves	19.5	3,125.1	21.9	3,230.8	30.5	3,293.9
	Pension funds	24.0	2,987.2	23.4	3,087.9	33.7	3,154.0
Other assets	6.3	742.0	-0.1	745.5	12.2	735.8

Liabilities

Household selected liabilities, $b
		Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total liabilities	36.7	2,889.8	21.6	2,920.2	34.6	2,956.1
Short term loans	1.0	59.4	-1.0	58.3	0.1	58.4
Long term loans	30.8	2,678.8	19.9	2,707.4	37.8	2,746.6
Other liabilities	4.9	151.7	2.7	154.5	-3.3	151.1

Household wealth grew 2.6% ($378.5b) to $15,099.8b at the end of the June quarter. The increase in net worth was driven by strength in the housing market.

Wealth per capita grew 2.1% ($11,442) to $567,632 per person.

Non-financial assets

Non-financial assets owned by households increased by 3.2% ($350.0b), driven by:

$312.1b rise in residential land and dwellings

This increase reflects the rebound in the property market, as the number of listed properties remains below current demand.

Financial assets

Financial assets of households increased by 0.9% ($64.5b), with a:

$46.9b rise in superannuation reserves
$17.0b rise in shares and other equity
$6.3b fall in currency and deposits

Total superannuation reserves increased by 1.3% this quarter, driven by strength in overseas equity markets, and strength in voluntary contributions, which is typical towards the end of the financial year.

Total deposits decreased by 0.4%, the first fall since June 2007. Transferable deposit account balances (which include mortgage offset accounts) fell by $18.0b, while other deposit accounts (which include term deposit and savings accounts) rose $12.0b. The household sector also includes unincorporated businesses and non-profit institutions serving households (such as charities and religious organisations), which contributed to the overall decline in household deposits.

Liabilities

Household liabilities increased by 1.2% ($35.9b), with a:

$27.4b rise in housing loans
$0.1b rise in short term loans

The growth in housing loans was driven by both owner-occupier and investor loans experiencing slightly stronger growth than last quarter.

Household wealth, contribution to growth, quarterly
	Wealth (Net worth) ($b)	Assets: Land and dwellings ($b)	Assets: Superannuation ($b)	Assets: Currency and deposits ($b)	Assets: Shares and equity ($b)	Assets: Other financial assets ($b)	Liabilities: Housing loans ($b)
Jun-10	-115.6	-27.7	-41.5	7.3	-23.3	-1.3	-25.0
Sep-10	89.2	18.2	42.7	27.2	11.6	4.0	-17.8
Dec-10	70.3	23.4	48.7	13.6	5.2	2.4	-21.2
Mar-11	-10.1	-14.9	29.0	8.3	1.9	-10.8	-22.0
Jun-11	-31.2	9.0	-1.4	0.5	-8.9	-2.8	-11.8
Sep-11	-211.5	-130.1	-71.1	23.6	-15.3	-4.5	-18.9
Dec-11	7.1	-16.6	15.5	15.4	4.7	0.2	-10.7
Mar-12	101.7	26.5	65.1	10.2	18.4	-3.1	-11.9
Jun-12	146.4	28.3	123.0	9.1	-4.3	13.6	-16.2
Sep-12	60.9	-15.0	51.0	22.5	15.8	-4.0	-11.3
Dec-12	179.2	105.9	58.3	12.6	14.6	-2.5	-9.6
Mar-13	145.1	54.4	68.0	9.7	22.9	1.0	-12.5
Jun-13	-1.7	78.6	-52.5	6.4	-3.0	1.3	-19.8
Sep-13	212.0	83.3	88.4	26.3	21.0	-0.5	1.9
Dec-13	234.8	173.2	53.3	20.4	8.7	7.9	-24.1
Mar-14	138.1	76.5	46.1	9.7	19.4	-1.4	-15.5
Jun-14	116.7	94.9	26.2	7.0	15.3	4.1	-26.3
Sep-14	164.0	82.6	51.3	29.5	13.1	-0.7	-24.1
Dec-14	261.6	169.2	59.6	25.5	24.6	1.9	-23.3
Mar-15	263.3	125.0	106.0	13.9	34.9	7.6	-23.2
Jun-15	202.0	224.7	12.3	6.4	0.1	-4.9	-29.5
Sep-15	122.5	129.6	-24.5	37.2	0.9	-2.5	-18.8
Dec-15	150.2	46.6	76.4	19.6	30.4	-2.7	-20.1
Mar-16	-14.2	9.6	-18.7	12.8	3.6	1.9	-22.2
Jun-16	281.8	137.3	149.0	10.6	16.2	8.1	-28.3
Sep-16	230.7	125.7	79.3	25.3	23.7	3.1	-28.2
Dec-16	335.9	258.0	48.6	24.9	22.8	0.4	-19.2
Mar-17	231.6	160.4	63.2	9.8	20.8	1.6	-22.6
Jun-17	154.6	170.0	16.7	1.4	4.2	-0.5	-29.8
Sep-17	27.7	14.3	-3.4	21.7	11.8	6.6	-20.6
Dec-17	286.0	167.9	95.7	13.5	26.4	9.3	-26.2
Mar-18	-14.6	17.1	-16.6	10.0	2.2	0.3	-19.7
Jun-18	87.3	-26.3	107.9	1.5	21.9	11.8	-20.6
Sep-18	33.5	-51.1	47.7	28.2	18.8	5.1	-11.4
Dec-18	-206.4	-61.0	-111.3	9.5	-7.5	-9.0	-17.9
Mar-19	56.9	-119.6	142.6	5.4	33.6	14.4	-12.5
Jun-19	318.3	68.6	220.6	4.3	27.8	13.2	-16.2
Sep-19	335.8	225.9	63.2	25.9	16.9	11.4	-8.4
Dec-19	288.4	218.7	62.1	12.9	13.0	2.4	-19.3
Mar-20	-250.7	106.0	-275.5	18.2	-63.2	-16.6	-9.4
Jun-20	232.7	-23.7	166.6	35.1	32.3	26.3	-17.1
Sep-20	341.8	222.0	38.1	65.5	7.5	6.0	-14.1
Dec-20	626.2	376.3	167.0	27.3	54.0	12.9	-26.7
Mar-21	550.9	457.0	68.6	13.5	28.2	-0.7	-24.9
Jun-21	572.9	429.1	119.1	5.9	35.0	24.4	-40.6
Sep-21	734.3	599.8	61.6	75.0	26.1	9.2	-44.2
Dec-21	715.9	587.0	93.2	47.7	21.1	7.3	-45.1
Mar-22	165.6	196.2	-54.6	33.7	21.6	-6.8	-36.7
Jun-22	-398.8	-38.9	-293.8	6.2	-22.7	-15.0	-41.8
Sep-22	-208.6	-260.7	-10.2	52.5	14.8	6.2	-29.6
Dec-22	235.7	66.4	114.1	33.4	35.3	6.4	-27.8
Mar-23	162.7	18.3	106.8	26.2	21.2	3.5	-19.8
Jun-23	378.5	335.9	46.9	-6.3	17.0	6.9	-27.4

Household wealth, contribution to growth, quarterly

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

[["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"],[[-115.59999999999999],[89.200000000000003],[70.299999999999997],[-10.1],[-31.199999999999999],[-211.5],[7.0999999999999996],[101.7],[146.40000000000001],[60.899999999999999],[179.19999999999999],[145.09999999999999],[-1.7],[212],[234.80000000000001],[138.09999999999999],[116.7],[164],[261.60000000000002],[263.30000000000001],[202],[122.5],[150.19999999999999],[-14.199999999999999],[281.80000000000001],[230.69999999999999],[335.89999999999998],[231.59999999999999],[154.59999999999999],[27.699999999999999],[286],[-14.6],[87.299999999999997],[33.5],[-206.40000000000001],[56.899999999999999],[318.30000000000001],[335.80000000000001],[288.39999999999998],[-250.69999999999999],[232.69999999999999],[341.80000000000001],[626.20000000000005],[550.89999999999998],[572.89999999999998],[734.29999999999995],[715.89999999999998],[165.59999999999999],[-398.80000000000001],[-208.59999999999999],[235.69999999999999],[162.69999999999999],[378.5]],[[-27.699999999999999],[18.199999999999999],[23.399999999999999],[-14.9],[9],[-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],[14.300000000000001],[167.90000000000001],[17.100000000000001],[-26.300000000000001],[-51.100000000000001],[-61],[-119.59999999999999],[68.599999999999994],[225.90000000000001],[218.69999999999999],[106],[-23.699999999999999],[222],[376.30000000000001],[457],[429.10000000000002],[599.79999999999995],[587],[196.19999999999999],[-38.899999999999999],[-260.69999999999999],[66.400000000000006],[18.300000000000001],[335.89999999999998]],[[-41.5],[42.700000000000003],[48.700000000000003],[29],[-1.3999999999999999],[-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],[38.100000000000001],[167],[68.599999999999994],[119.09999999999999],[61.600000000000001],[93.200000000000003],[-54.600000000000001],[-293.80000000000001],[-10.199999999999999],[114.09999999999999],[106.8],[46.899999999999999]],[[7.2999999999999998],[27.199999999999999],[13.6],[8.3000000000000007],[0.5],[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],[65.5],[27.300000000000001],[13.5],[5.9000000000000004],[75],[47.700000000000003],[33.700000000000003],[6.2000000000000002],[52.5],[33.399999999999999],[26.199999999999999],[-6.2999999999999998]],[[-23.300000000000001],[11.6],[5.2000000000000002],[1.8999999999999999],[-8.9000000000000004],[-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],[26.100000000000001],[21.100000000000001],[21.600000000000001],[-22.699999999999999],[14.800000000000001],[35.299999999999997],[21.199999999999999],[17]],[[-1.3],[4],[2.3999999999999999],[-10.800000000000001],[-2.7999999999999998],[-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],[-4.9000000000000004],[-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],[13.199999999999999],[11.4],[2.3999999999999999],[-16.600000000000001],[26.300000000000001],[6],[12.9],[-0.69999999999999996],[24.399999999999999],[9.1999999999999993],[7.2999999999999998],[-6.7999999999999998],[-15],[6.2000000000000002],[6.4000000000000004],[3.5],[6.9000000000000004]],[[-25],[-17.800000000000001],[-21.199999999999999],[-22],[-11.800000000000001],[-18.899999999999999],[-10.699999999999999],[-11.9],[-16.199999999999999],[-11.300000000000001],[-9.5999999999999996],[-12.5],[-19.800000000000001],[1.8999999999999999],[-24.100000000000001],[-15.5],[-26.300000000000001],[-24.100000000000001],[-23.300000000000001],[-23.199999999999999],[-29.5],[-18.800000000000001],[-20.100000000000001],[-22.199999999999999],[-28.300000000000001],[-28.199999999999999],[-19.199999999999999],[-22.600000000000001],[-29.800000000000001],[-20.600000000000001],[-26.199999999999999],[-19.699999999999999],[-20.600000000000001],[-11.4],[-17.899999999999999],[-12.5],[-16.199999999999999],[-8.4000000000000004],[-19.300000000000001],[-9.4000000000000004],[-17.100000000000001],[-14.1],[-26.699999999999999],[-24.899999999999999],[-40.600000000000001],[-44.200000000000003],[-45.100000000000001],[-36.700000000000003],[-41.799999999999997],[-29.600000000000001],[-27.800000000000001],[-19.800000000000001],[-27.399999999999999]]]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total assets	13.8	2,011.3	27.0	2,035.8	3.7	2,050.5
Deposits	-6.9	800.4	6.5	807.8	4.4	812.9
Shares and equity	30.3	702.3	2.2	710.1	-13.0	701.5
Other accounts receivable	-2.2	276.6	12.1	282.2	23.0	303.9
Other assets	-7.4	232.0	6.2	235.6	-10.6	232.2

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total liabilities	13.3	5,123.6	45.9	5,226.1	-1.6	5,225.3
Total debt securities	-8.0	266.1	2.9	269.8	-0.5	268.3
Loans	9.1	1,037.5	16.6	1,049.3	9.1	1,061.1
	Authorised deposit taking institutions	9.1	702.9	12.0	715.3	4.8	720.4
	Rest of world	-3.8	235.3	0.9	230.9	-0.7	232.6
Shares and equity	16.5	3,548.7	26.3	3,636.1	-4.0	3,627.6
	Households	1.8	840.5	4.2	858.0	4.4	869.5
	Rest of world	10.9	1,393.5	21.7	1,432.6	-21.2	1,399.6
Other liabilities	-4.2	271.4	0.2	270.9	-6.3	268.4

Other private non-financial corporations demand for credit of $0.9b was driven by:

$7.9b of loan borrowings, and
$2.9b issuance of bonds

Partly offset by:

$7.8b contraction of equity capital.

Other private non-financial corporations' demand for credit
	Total ($b)	Short-term debt ($b)	Bonds ($b)	Loans ($b)	Equity ($b)
Jun-10	0.8	-3.0	0.8	-7.9	10.9
Sep-10	15.3	-0.2	8.3	-7.0	14.1
Dec-10	20.9	-7.0	2.2	-6.5	32.2
Mar-11	7.1	-2.3	4.6	5.7	-1.0
Jun-11	5.9	-3.2	4.1	-8.1	13.1
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	0.3	-0.5	-9.2	-12.9	22.9
Dec-20	1.8	-2.6	-12.1	-14.0	30.5
Mar-21	16.0	0.7	-0.2	8.8	6.7
Jun-21	9.1	-0.1	-3.3	6.1	6.4
Sep-21	55.1	-1.7	-5.3	15.7	46.4
Dec-21	32.4	-1.7	0.9	-4.2	37.4
Mar-22	165.9	-1.0	5.2	13.4	148.3
Jun-22	42.4	-0.1	-0.2	30.4	12.3
Sep-22	73.5	1.9	-3.6	33.6	41.7
Dec-22	18.9	-0.3	-2.4	7.5	14.1
Mar-23	40.8	0.6	1.7	13.6	24.9
Jun-23	0.9	-2.2	2.9	7.9	-7.8

Other private non-financial corporations' demand for credit

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

[["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"],[[0.80000000000000004],[15.300000000000001],[20.899999999999999],[7.0999999999999996],[5.9000000000000004],[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],[0.29999999999999999],[1.8],[16],[9.0999999999999996],[55.100000000000001],[32.399999999999999],[165.90000000000001],[42.399999999999999],[73.5],[18.899999999999999],[40.799999999999997],[0.90000000000000002]],[[-3],[-0.20000000000000001],[-7],[-2.2999999999999998],[-3.2000000000000002],[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],[-1],[-0.10000000000000001],[1.8999999999999999],[-0.29999999999999999],[0.59999999999999998],[-2.2000000000000002]],[[0.80000000000000004],[8.3000000000000007],[2.2000000000000002],[4.5999999999999996],[4.0999999999999996],[-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],[-9.1999999999999993],[-12.1],[-0.20000000000000001],[-3.2999999999999998],[-5.2999999999999998],[0.90000000000000002],[5.2000000000000002],[-0.20000000000000001],[-3.6000000000000001],[-2.3999999999999999],[1.7],[2.8999999999999999]],[[-7.9000000000000004],[-7],[-6.5],[5.7000000000000002],[-8.0999999999999996],[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],[-12.9],[-14],[8.8000000000000007],[6.0999999999999996],[15.699999999999999],[-4.2000000000000002],[13.4],[30.399999999999999],[33.600000000000001],[7.5],[13.6],[7.9000000000000004]],[[10.9],[14.1],[32.200000000000003],[-1],[13.1],[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],[22.899999999999999],[30.5],[6.7000000000000002],[6.4000000000000004],[46.399999999999999],[37.399999999999999],[148.30000000000001],[12.300000000000001],[41.700000000000003],[14.1],[24.899999999999999],[-7.7999999999999998]]]

[]

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The debt to equity ratio (adjusted for price changes) remained at 0.60

Growth in firm’s debt was driven by loan borrowing to fund investment in machinery and equipment. This was partly offset by maturities in short term debt securities and settlement of derivative contracts. Firms’ equity fell, driven by merger and acquisition activity combined with soft reinvested earnings due to lower commodity prices and higher dividends paid by foreign-owned companies.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, June 2003 base	Debt to equity ratio
Jun-03	0.57	0.57
Sep-03	0.57	0.54
Dec-03	0.56	0.52
Mar-04	0.56	0.50
Jun-04	0.57	0.50
Sep-04	0.58	0.48
Dec-04	0.61	0.48
Mar-05	0.61	0.48
Jun-05	0.69	0.52
Sep-05	0.70	0.50
Dec-05	0.72	0.51
Mar-06	0.74	0.50
Jun-06	0.75	0.52
Sep-06	0.76	0.52
Dec-06	0.79	0.51
Mar-07	0.81	0.50
Jun-07	0.81	0.49
Sep-07	0.86	0.51
Dec-07	0.89	0.54
Mar-08	0.90	0.60
Jun-08	0.92	0.60
Sep-08	0.94	0.69
Dec-08	0.94	0.81
Mar-09	0.90	0.79
Jun-09	0.84	0.70
Sep-09	0.82	0.63
Dec-09	0.80	0.60
Mar-10	0.79	0.60
Jun-10	0.78	0.64
Sep-10	0.77	0.60
Dec-10	0.74	0.55
Mar-11	0.75	0.55
Jun-11	0.73	0.56
Sep-11	0.75	0.63
Dec-11	0.76	0.64
Mar-12	0.77	0.61
Jun-12	0.78	0.66
Sep-12	0.77	0.64
Dec-12	0.77	0.62
Mar-13	0.77	0.61
Jun-13	0.77	0.65
Sep-13	0.77	0.62
Dec-13	0.77	0.63
Mar-14	0.76	0.62
Jun-14	0.76	0.61
Sep-14	0.76	0.63
Dec-14	0.75	0.63
Mar-15	0.76	0.62
Jun-15	0.75	0.63
Sep-15	0.76	0.67
Dec-15	0.76	0.65
Mar-16	0.77	0.65
Jun-16	0.76	0.63
Sep-16	0.75	0.60
Dec-16	0.74	0.59
Mar-17	0.74	0.57
Jun-17	0.73	0.58
Sep-17	0.73	0.57
Dec-17	0.72	0.54
Mar-18	0.72	0.55
Jun-18	0.71	0.53
Sep-18	0.71	0.53
Dec-18	0.70	0.55
Mar-19	0.70	0.52
Jun-19	0.69	0.51
Sep-19	0.70	0.52
Dec-19	0.68	0.50
Mar-20	0.70	0.61
Jun-20	0.67	0.53
Sep-20	0.66	0.51
Dec-20	0.63	0.47
Mar-21	0.64	0.47
Jun-21	0.64	0.46
Sep-21	0.63	0.46
Dec-21	0.62	0.44
Mar-22	0.59	0.42
Jun-22	0.60	0.46
Sep-22	0.60	0.47
Dec-22	0.60	0.44
Mar-23	0.60	0.44
Jun-23	0.60	0.44

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0June 2003 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","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"],[[0.57199999999999995],[0.56528603399999999],[0.563802197],[0.56027570299999996],[0.57085609900000001],[0.57567301999999998],[0.60755120299999998],[0.61105258200000001],[0.68932062800000005],[0.70317533300000001],[0.72069496399999999],[0.73555417400000001],[0.74979109499999996],[0.76134227600000004],[0.79355190200000003],[0.81331616299999998],[0.81425262399999998],[0.85845580700000002],[0.89187068899999999],[0.90337706900000003],[0.92023197700000003],[0.93895149300000003],[0.93938657800000003],[0.89675726300000003],[0.83596724099999997],[0.81573933300000001],[0.80240999199999996],[0.79030630000000002],[0.77865944399999998],[0.77280577399999995],[0.73917979599999994],[0.74508542700000002],[0.73138475999999997],[0.74841121300000002],[0.76265770099999997],[0.76687401799999999],[0.778246734],[0.77452605900000004],[0.77221810899999999],[0.77429752500000004],[0.77062287600000001],[0.77216350499999997],[0.77198712599999997],[0.76418043599999996],[0.75867274699999998],[0.76494153399999998],[0.74894781799999999],[0.75961595999999998],[0.75329979999999996],[0.76175717899999995],[0.76439546899999999],[0.77175867399999998],[0.76102503200000005],[0.754815338],[0.74415973599999996],[0.73778030999999999],[0.73466787499999997],[0.72931300499999996],[0.71562604200000002],[0.71937063400000001],[0.706516704],[0.70588136599999995],[0.70344869499999996],[0.70269201299999995],[0.69211061900000004],[0.69530498799999996],[0.68370257099999998],[0.70395862499999995],[0.67319126500000004],[0.65771073000000002],[0.63389363200000004],[0.64152748100000001],[0.64212886499999999],[0.63362818899999995],[0.62264486799999996],[0.59185127599999998],[0.60126279599999999],[0.60329433200000004],[0.59767699200000002],[0.59934535],[0.60140113399999995]],[[0.57170416499999999],[0.53802139199999999],[0.517212589],[0.50114318300000005],[0.495440453],[0.48456140599999997],[0.48389812300000001],[0.47580166000000002],[0.52123688199999996],[0.50285117099999999],[0.50541388799999998],[0.49887136999999998],[0.51557745399999999],[0.52469304500000002],[0.508310284],[0.50367637399999998],[0.49383037499999999],[0.51464176399999995],[0.54075748800000001],[0.59540892300000003],[0.59530970400000005],[0.68567467100000001],[0.80720148800000002],[0.79275004800000004],[0.69559935500000003],[0.630209515],[0.60317421299999996],[0.59863000399999999],[0.63644607399999997],[0.59987350699999997],[0.55451897999999999],[0.55295456600000004],[0.56232446199999997],[0.62983479899999995],[0.63664486399999998],[0.61272022900000001],[0.65541446199999998],[0.63850360399999995],[0.616087524],[0.61046615800000004],[0.64681670000000002],[0.62469095100000005],[0.62939792699999997],[0.62133496399999999],[0.61408678400000005],[0.62823660999999997],[0.62595553000000004],[0.62173541499999996],[0.63179950100000004],[0.66548780900000004],[0.65266877400000001],[0.64801268700000003],[0.62512474100000004],[0.59941784200000003],[0.59310626300000002],[0.57498841099999998],[0.57666537900000003],[0.57244099800000003],[0.54018208899999998],[0.55228638500000005],[0.52517482699999996],[0.52643007600000002],[0.55251766499999999],[0.52449107800000005],[0.511077012],[0.51507595799999994],[0.49755914200000001],[0.60601057700000005],[0.53038040099999995],[0.51407742899999997],[0.47325906499999998],[0.47389587100000002],[0.45629187999999998],[0.45680831100000002],[0.43664056200000001],[0.42128612199999999],[0.455622003],[0.46638482199999998],[0.443830946],[0.43731076800000002],[0.44046353900000002]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Mar-23	Transactions, Jun-23	Other changes, Jun-23	Amounts outstanding, Jun-23
Central bank	677.5	-29.5	-13.4	634.5
Authorised deposit taking institutions	5,171.7	-102.9	193.3	5,262.1
Other broad money institutions	192.1	5.0	0.5	197.6
Pension funds	2,914.2	28.8	33.4	2,976.4
Life insurance corporations	180.1	-3.4	-0.4	176.3
Non-life insurance corporations	283.1	-2.4	0.7	281.3
Money market investment funds	29.4	1.0	0.0	30.3
Non-money market investment funds	1,159.7	-0.1	19.7	1,179.3
Central borrowing authorities	633.9	3.1	0.2	637.2
Securitisers	760.8	-2.3	0.0	758.5
Other financial corporations	112.8	-49.2	52.4	116.0

Financial corporations' liabilities, $b
	Amounts outstanding, Mar-23	Transactions, Jun-23	Other changes, Jun-23	Amounts outstanding, Jun-23
Central bank	678.3	-28.9	-14.2	635.2
Authorised deposit taking institutions	5,309.0	-118.0	204.0	5,395.0
Other broad money institutions	155.7	2.9	-1.2	157.5
Pension funds	3,145.7	28.7	34.9	3,209.4
Life insurance corporations	172.4	-3.6	-0.6	168.2
Non-life insurance corporations	302.5	1.4	9.8	313.6
Money market investment funds	29.4	-0.2	1.2	30.3
Non-money market investment funds	1,300.5	-8.7	18.3	1,310.1
Central borrowing authorities	605.0	2.9	-4.0	603.9
Securitisers	785.5	8.1	-5.9	787.7
Other financial corporations	218.8	-46.3	54.8	227.3

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total assets	-101.8	5,247.0	-119.4	5,171.7	-102.9	5,262.1
Deposits	-0.7	549.7	-13.0	537.3	-28.5	508.9
Bonds	5.8	812.5	-24.3	802.0	27.6	820.8
	Securitisers	-2.8	443.1	-36.3	409.1	20.2	426.4
	National general government	-0.5	68.8	7.1	79.1	9.4	85.2
Loans	39.6	2,960.8	49.8	3,014.5	31.2	3,048.0
Other assets	-146.5	923.9	-131.9	818.0	-133.1	884.4

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
		Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total liabilities	-95.4	5,392.3	-105.0	5,309.0	-118.0	5,395.0
Deposits	27.2	3,120.6	38.2	3,162.2	-7.5	3,157.0
	Other private non-fin corps	-7.8	740.4	6.2	747.2	9.6	757.3
	Pension funds	3.2	260.2	10.8	271.1	7.0	278.1
	Households	31.9	1,514.5	24.8	1,539.3	-6.8	1,532.6
Bonds	19.7	470.9	22.6	501.7	13.5	511.3
Shares and equities	-0.5	590.8	-1.5	572.1	-0.7	573.0
Other liabilities	-141.8	1,210.1	-164.4	1,073.0	-123.2	1,153.7

Financial assets of ADIs rose $90.4b, reflecting a $76.3b increase in derivatives.
The Reserve Bank's Term Funding Facility (TFF) began to unwind, with $11.2b of the total $188.0b maturing in the June quarter. ADIs used exchange settlement account balances to repay the TFF, resulting in a fall in these balances over the quarter. The majority of funding was secured with residential mortgage-backed securities, which have shifted back on to the balance sheet of ADIs as the TFF unwinds, resulting in a $17.3b increase in ADIs holdings of bonds issued by securitisers. This quarter also saw a continuation of ADIs increasing their holdings of high-quality liquid assets to replace TFF funding, with net purchases of:

$9.4b of treasury bonds, and
$4.4b of 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)
Jun-10	46.6	6.0	-8.8	11.0	17.8	35.5	-15.7	1.8
Sep-10	28.8	-8.2	1.4	6.3	8.4	12.8	9.4	-1.6
Dec-10	11.0	10.6	-3.8	1.1	-14.2	16.2	-1.4	0.0
Mar-11	45.4	5.5	-3.1	1.8	-4.8	53.0	-5.0	0.7
Jun-11	30.9	-2.6	-2.1	18.3	-4.0	29.6	-8.6	0.1
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	-62.4	-21.7	-12.3	-34.3	-40.3	29.3	-3.4	20.2
Dec-20	27.2	48.8	-7.1	-80.7	23.4	31.5	16.9	-6.6
Mar-21	7.6	97.0	-3.0	-88.5	-83.6	41.8	37.3	7.3
Jun-21	37.1	132.9	-0.3	-131.7	-25.4	31.4	12.6	18.6
Sep-21	129.6	48.2	-1.6	21.7	-9.9	64.6	5.8	0.9
Dec-21	110.4	33.6	7.1	2.7	-2.8	82.1	3.7	-16.9
Mar-22	171.8	26.6	5.0	64.9	81.1	-14.4	3.2	5.9
Jun-22	319.2	-12.2	12.8	39.3	172.2	115.3	-8.6	0.3
Sep-22	242.5	24.8	3.8	0.1	151.5	82.4	-15.0	-4.7
Dec-22	-51.0	-0.7	3.0	5.4	-105.1	38.1	10.0	-2.4
Mar-23	-75.2	-12.4	-2.2	-10.5	-107.8	53.6	-0.8	4.5
Jun-23	90.4	-28.4	-8.5	18.8	76.3	33.6	2.8	-4.1

Change in authorised deposit taking institutions' assets

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

[["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"],[[46.600000000000001],[28.800000000000001],[11],[45.399999999999999],[30.899999999999999],[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],[-62.399999999999999],[27.199999999999999],[7.5999999999999996],[37.100000000000001],[129.59999999999999],[110.40000000000001],[171.80000000000001],[319.19999999999999],[242.5],[-51],[-75.200000000000003],[90.400000000000006]],[[6],[-8.1999999999999993],[10.6],[5.5],[-2.6000000000000001],[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],[-12.199999999999999],[24.800000000000001],[-0.69999999999999996],[-12.4],[-28.399999999999999]],[[-8.8000000000000007],[1.3999999999999999],[-3.7999999999999998],[-3.1000000000000001],[-2.1000000000000001],[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],[-12.300000000000001],[-7.0999999999999996],[-3],[-0.29999999999999999],[-1.6000000000000001],[7.0999999999999996],[5],[12.800000000000001],[3.7999999999999998],[3],[-2.2000000000000002],[-8.5]],[[11],[6.2999999999999998],[1.1000000000000001],[1.8],[18.300000000000001],[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],[-34.299999999999997],[-80.700000000000003],[-88.5],[-131.69999999999999],[21.699999999999999],[2.7000000000000002],[64.900000000000006],[39.299999999999997],[0.10000000000000001],[5.4000000000000004],[-10.5],[18.800000000000001]],[[17.800000000000001],[8.4000000000000004],[-14.199999999999999],[-4.7999999999999998],[-4],[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]],[[35.5],[12.800000000000001],[16.199999999999999],[53],[29.600000000000001],[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],[41.799999999999997],[31.399999999999999],[64.599999999999994],[82.099999999999994],[-14.4],[115.3],[82.400000000000006],[38.100000000000001],[53.600000000000001],[33.600000000000001]],[[-15.699999999999999],[9.4000000000000004],[-1.3999999999999999],[-5],[-8.5999999999999996],[-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],[37.299999999999997],[12.6],[5.7999999999999998],[3.7000000000000002],[3.2000000000000002],[-8.5999999999999996],[-15],[10],[-0.80000000000000004],[2.7999999999999998]],[[1.8],[-1.6000000000000001],[0],[0.69999999999999996],[0.10000000000000001],[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],[0.29999999999999999],[-4.7000000000000002],[-2.3999999999999999],[4.5],[-4.0999999999999996]]]

[]

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Liabilities of ADIs grew $86.0b, with increases in derivatives and long-term debt securities, offset by falls in deposits.

ADIs' funding from debt securities (transactions) grew $9.2b, with a:

$8.3b increase in bonds issued in Australia
$5.1b increase in bonds issued offshore
offset by a $0.4b fall in one name paper issued in Australia
$3.9b fall in one name paper issued offshore

The continued strength in debt security issuance this quarter reflects ADIs returning to traditional pre-COVID-19 pandemic funding avenues, as funds drawn under the initial allowance of the TFF begin to unwind.

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)
Jun-10	7.2	40.7	3.1	13.3	8.7	-5	-53.5	-0.1
Sep-10	34.7	49.2	-29.3	-13	17.7	-13.5	23.8	-0.2
Dec-10	-2	26.7	10.9	-18.4	-17	2.1	-5	-1.3
Mar-11	37.9	39.1	6	-5.7	-6.2	-2.8	6.6	0.9
Jun-11	0.1	24.2	-5.7	-4.1	-5.2	5.7	-14.8	-0.1
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	68.9	-24.2	-31.4	-54.9	-16.1	-19.9	0.6
Dec-20	94.9	3.7	14.6	-22	35.8	-14.1	85	-8.1
Mar-21	6.9	34.2	19	-29.5	-99.6	16.8	60.2	5.7
Jun-21	58.7	42.1	5.3	3.3	-29.9	8.2	32.1	-2.4
Sep-21	143.6	93.8	20.7	-3.6	-11.6	8.5	25.3	10.4
Dec-21	90.8	64.6	48.6	-4.4	0.8	16.4	-16.8	-18.2
Mar-22	170.5	54.8	-11.5	-14.1	95.3	13.4	22.6	9.9
Jun-22	206.2	98.6	35.1	16.5	152.9	-1.6	-96.5	1.2
Sep-22	226.8	64.9	-4.1	5.1	151.9	0.8	11.1	-2.9
Dec-22	7.6	21.1	15.7	20.7	-73.5	-13.5	44.4	-7.2
Mar-23	-83.3	41.6	-10	30.9	-126	-11.5	-18.7	10.5
Jun-23	86	-5.2	-3.1	9.6	84.6	2.2	1	-3

Change in authorised deposit taking institutions' liabilities

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

[["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"],[[7.2000000000000002],[34.700000000000003],[-2],[37.899999999999999],[0.10000000000000001],[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],[94.900000000000006],[6.9000000000000004],[58.700000000000003],[143.59999999999999],[90.799999999999997],[170.5],[206.19999999999999],[226.80000000000001],[7.5999999999999996],[-83.299999999999997],[86]],[[40.700000000000003],[49.200000000000003],[26.699999999999999],[39.100000000000001],[24.199999999999999],[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],[64.599999999999994],[54.799999999999997],[98.599999999999994],[64.900000000000006],[21.100000000000001],[41.600000000000001],[-5.2000000000000002]],[[3.1000000000000001],[-29.300000000000001],[10.9],[6],[-5.7000000000000002],[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],[-24.199999999999999],[14.6],[19],[5.2999999999999998],[20.699999999999999],[48.600000000000001],[-11.5],[35.100000000000001],[-4.0999999999999996],[15.699999999999999],[-10],[-3.1000000000000001]],[[13.300000000000001],[-13],[-18.399999999999999],[-5.7000000000000002],[-4.0999999999999996],[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],[-4.4000000000000004],[-14.1],[16.5],[5.0999999999999996],[20.699999999999999],[30.899999999999999],[9.5999999999999996]],[[8.6999999999999993],[17.699999999999999],[-17],[-6.2000000000000002],[-5.2000000000000002],[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],[-29.899999999999999],[-11.6],[0.80000000000000004],[95.299999999999997],[152.90000000000001],[151.90000000000001],[-73.5],[-126],[84.599999999999994]],[[-5],[-13.5],[2.1000000000000001],[-2.7999999999999998],[5.7000000000000002],[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],[-11.5],[2.2000000000000002]],[[-53.5],[23.800000000000001],[-5],[6.5999999999999996],[-14.800000000000001],[-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],[-19.899999999999999],[85],[60.200000000000003],[32.100000000000001],[25.300000000000001],[-16.800000000000001],[22.600000000000001],[-96.5],[11.1],[44.399999999999999],[-18.699999999999999],[1]],[[-0.10000000000000001],[-0.20000000000000001],[-1.3],[0.90000000000000002],[-0.10000000000000001],[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],[1.2],[-2.8999999999999999],[-7.2000000000000002],[10.5],[-3]]]

[]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total assets	12.8	2,804.3	27.5	2,914.2	28.8	2,976.4
Deposits	3.6	271.9	10.6	282.7	5.6	288.5
Debt securities	2.9	194.0	5.9	209.3	12.1	214.8
Shares and equity	9.8	2,277.9	11.9	2,362.7	12.2	2,413.0
	Other private non-fin corps	-0.1	429.3	2.2	447.3	4.6	450.7
	Non-money market investment funds	6.2	890.2	2.7	923.1	-2.3	931.1
	Rest of world	4.4	484.0	6.2	524.5	4.5	552.8
Net equity in life offices	-0.7	14.5	-0.6	14.5	-0.4	14.0
Other assets	-2.7	46.0	-0.3	45.0	-0.7	46.1

Liabilities

Pension (superannuation) funds' selected liabilities, $b
		Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total liabilities	14.2	3,036.3	25.3	3,145.7	28.7	3,209.4
Net equity in reserves	24.2	2,991.8	23.6	3,093.0	33.9	3,159.7
	Households	24.0	2,987.2	23.4	3,087.9	33.7	3,154.0
Other liabilities	-10.0	44.4	1.7	52.8	-5.2	49.8

Total financial assets of pension (superannuation funds) increased by 2.1% ($62.2b), with a:

$50.2b increase in shares and other equity
$9.9b increase in bonds
$5.7b increase in deposits

Pension funds acquired $15.6b in bonds and $12.2b in shares and other equity this quarter. Valuation gains of $38.0b on their equity assets were driven by favourable movements in overseas equity markets. Increasing bond yields resulted in $5.7b in valuation losses for bonds, partly offsetting pension funds’ acquisitions. Pension funds also placed $5.6b in deposit accounts, taking advantage of rising interest rates.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Jun-10	1,103.9	-77.1	16.1
Sep-10	1,146.3	33.2	9.2
Dec-10	1,190.9	29.3	15.4
Mar-11	1,218.2	10.2	17.1
Jun-11	1,209	-34.8	25.7
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	2,409.6	25.3	8.0
Dec-20	2,569.7	143.0	17.1
Mar-21	2,639.8	49.2	20.8
Jun-21	2,799	124.0	35.2
Sep-21	2,855.5	39.8	16.7
Dec-21	2,931.8	59.7	16.6
Mar-22	2,872.6	-73.5	14.4
Jun-22	2,701.8	-201.1	30.3
Sep-22	2,709.6	-10.7	18.5
Dec-22	2,804.3	81.8	12.8
Mar-23	2,914.2	82.4	27.5
Jun-23	2,976.4	33.4	28.8

Pension funds' financial assets

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

[["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"],[[1103.9000000000001],[1146.3],[1190.9000000000001],[1218.2],[1209],[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],[2409.5999999999999],[2569.6999999999998],[2639.8000000000002],[2799],[2855.5],[2931.8000000000002],[2872.5999999999999],[2701.8000000000002],[2709.5999999999999],[2804.3000000000002],[2914.1999999999998],[2976.4000000000001]],[[-77.099999999999994],[33.200000000000003],[29.300000000000001],[10.199999999999999],[-34.799999999999997],[-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],[25.300000000000001],[143],[49.200000000000003],[124],[39.799999999999997],[59.700000000000003],[-73.5],[-201.09999999999999],[-10.699999999999999],[81.799999999999997],[82.400000000000006],[33.399999999999999]],[[16.100000000000001],[9.1999999999999993],[15.4],[17.100000000000001],[25.699999999999999],[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],[8],[17.100000000000001],[20.800000000000001],[35.200000000000003],[16.699999999999999],[16.600000000000001],[14.4],[30.300000000000001],[18.5],[12.800000000000001],[27.5],[28.800000000000001]]]

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Government

National general government financial assets

National general government selected financial assets, $b
	Transactions, Dec-22	Amounts outstanding, Dec-22	Transactions, Mar-23	Amounts outstanding, Mar-23	Transactions, Jun-23	Amounts outstanding, Jun-23
Total assets	-4.2	660.8	21.6	701.5	0.7	692.6
Deposits	-7.4	103.3	15.7	119.0	8.8	128.0
	Central bank	-6.2	72.5	14.8	87.3	11.0	98.3
	Authorised deposit taking institutions	-2.1	24.1	0.5	24.6	-1.3	23.3
One name paper	-0.5	36.4	-4.0	32.6	5.5	37.5
Shares and equity	1.2	175.0	4.7	196.5	-2.0	184.1
Other assets	2.5	346.1	5.2	353.5	-11.6	342.9

National general government liabilities

National general government selected liabilities, $b
	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23	Transactions, Jun-23	Amounts Outstanding, Jun-23
Total liabilities	-1.4	1,264.1	15.2	1,317.3	-0.9	1,268.3
One name paper	-0.2	28.5	1.9	30.4	-4.1	26.3
Bonds	0.2	814.4	11.3	863.4	-11.6	817.5
	Central bank	-2.1	262.8	-0.4	274.8	-13.0	250.8
	Authorised deposit taking institutions	-0.5	68.8	7.1	79.1	9.4	85.2
	Rest of world	8.6	384.1	2.1	405.5	-11.1	378.4
Other liabilities	-1.3	421.2	1.9	423.5	14.8	424.6

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23	Transactions, Jun-23	Amounts Outstanding, Jun-23
Total assets	-7.8	667.4	5.7	659.6	12.9	695.1
Deposits	-6.3	100.8	2.9	103.7	5.5	109.1
Loans and placements	-0.5	68.1	1.5	69.6	6.0	75.6
Shares and equity	-0.9	469.0	0.6	456.0	0.5	479.4
	State and local PNFCs	0.0	329.7	0.0	333.0	0.0	346.9
	Other private non-fin corps	-0.3	40.1	0.1	40.5	0.3	40.8
Other assets	0.0	29.4	0.7	30.3	1.0	31.0

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Dec-22	Amounts Outstanding, Dec-22	Transactions, Mar-23	Amounts Outstanding, Mar-23	Transactions, Jun-23	Amounts Outstanding, Jun-23
Total liabilities	9.2	572.8	5.6	582.3	13.2	589.5
Loans and placements	7.2	371.5	5.0	376.4	9.6	386.0
	Central borrowing authorities	10.9	344.0	5.4	349.4	6.0	355.3
Unfunded superannuation claims	0.7	114.4	0.7	118.8	0.7	113.8
Other liabilities	1.4	86.9	0.0	87.1	2.8	89.6

General government

General government (national, and state and local) had a net financial investment position of $1.4b. This is a second consecutive net lending position and was driven by the Commonwealth government, who had a net financial position of $1.7b.

The Commonwealth government's position was mainly driven by a:

$11.6b net maturity of bond liabilities
$8.8b increase in deposit assets

National general government experienced its largest net maturity of bonds. The total value of treasury bonds outstanding further decreased as treasury bond yields rose, decreasing their market value.

The rise in deposits was largely attributable to deposits with the central bank. The strength this quarter reflects higher tax receipts.

State and local government had a net financial position of -$0.3b this quarter. Loan liabilities of state and local governments continued to grow as state government obtain funding for transport, health and education infrastructure.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Jun-10	-10.0	6.0	-2.3	-16.1	-0.1	2.6
Sep-10	-24.7	-5.8	-8.7	-6.5	-5.2	1.5
Dec-10	-16.3	-2.5	0.2	-11.6	3.8	-6.1
Mar-11	-17.1	2.0	0.3	-12.5	-4.2	-2.8
Jun-11	-19.8	8.0	1.2	-10.4	-7.3	-11.3
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	-10.4	-8.4	-3.3	-4.6	1.0	4.9
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	-8.5	-5.1	-0.2	-7.3	2.1	2.1
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	-0.4	5.0	6.2	-11.3	6.2	-6.5
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	-9.7	6.6	0.1	-10.5	-2.5	-3.5
Sep-19	-23.6	0.3	-1.3	-13.7	-8.6	-0.3
Dec-19	-14.3	-7.7	-4.0	1.0	-6.3	2.7
Mar-20	-14.3	21.1	-16.3	-15.7	-12.7	9.3
Jun-20	-92.4	46.9	-25.8	-71.0	-26.0	-16.5
Sep-20	-115.7	42.4	0.1	-117.2	-30.6	-10.4
Dec-20	-50.5	-32.3	16.5	-23.0	-21.7	10.1
Mar-21	-20.2	-15.0	14.0	-21.9	-0.5	3.2
Jun-21	-16.9	1.1	4.6	-5.7	1.1	-18.1
Sep-21	-47.6	10.1	0.0	-23.9	-26.7	-7.2
Dec-21	-28.6	9.0	-5.2	-8.4	-5.8	-18.3
Mar-22	-5.2	3.5	3.5	-18.3	0.3	5.7
Jun-22	-18.1	34.3	-8.6	-26.0	-16.1	-1.6
Sep-22	-32.6	-6.6	1.3	4.6	-18.8	-13.1
Dec-22	-19.9	-13.8	-0.5	-1.5	-7.4	3.2
Mar-23	6.5	18.6	-4.9	-11.4	-2.2	6.3
Jun-23	1.4	14.3	10.0	13.0	-5.3	-30.4

General government's change in financial position

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

[["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"],[[-10],[-24.699999999999999],[-16.300000000000001],[-17.100000000000001],[-19.800000000000001],[-25.800000000000001],[-14.9],[-13.199999999999999],[-30.100000000000001],[-24.300000000000001],[-12.4],[-15.5],[-14],[-20.199999999999999],[-10.9],[-11],[-10.4],[-18.399999999999999],[-10],[-3.6000000000000001],[-8.5],[-15],[-7.2000000000000002],[-8.8000000000000007],[-6],[-22.100000000000001],[-24.100000000000001],[2.2000000000000002],[-12.800000000000001],[-18.699999999999999],[-2.6000000000000001],[-0.90000000000000002],[-0.40000000000000002],[-18.5],[-9.1999999999999993],[-0.29999999999999999],[-9.6999999999999993],[-23.600000000000001],[-14.300000000000001],[-14.300000000000001],[-92.400000000000006],[-115.7],[-50.5],[-20.199999999999999],[-16.899999999999999],[-47.600000000000001],[-28.600000000000001],[-5.2000000000000002],[-18.100000000000001],[-32.600000000000001],[-19.899999999999999],[6.5],[1.3999999999999999]],[[6],[-5.7999999999999998],[-2.5],[2],[8],[-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],[10.1],[9],[3.5],[34.299999999999997],[-6.5999999999999996],[-13.800000000000001],[18.600000000000001],[14.300000000000001]],[[-2.2999999999999998],[-8.6999999999999993],[0.20000000000000001],[0.29999999999999999],[1.2],[-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]],[[-16.100000000000001],[-6.5],[-11.6],[-12.5],[-10.4],[-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],[-18.300000000000001],[-26],[4.5999999999999996],[-1.5],[-11.4],[13]],[[-0.10000000000000001],[-5.2000000000000002],[3.7999999999999998],[-4.2000000000000002],[-7.2999999999999998],[-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],[-30.600000000000001],[-21.699999999999999],[-0.5],[1.1000000000000001],[-26.699999999999999],[-5.7999999999999998],[0.29999999999999999],[-16.100000000000001],[-18.800000000000001],[-7.4000000000000004],[-2.2000000000000002],[-5.2999999999999998]],[[2.6000000000000001],[1.5],[-6.0999999999999996],[-2.7999999999999998],[-11.300000000000001],[8.3000000000000007],[-2.8999999999999999],[-0.69999999999999996],[-14.199999999999999],[0.5],[-5.5],[-2.3999999999999999],[-21.199999999999999],[11.4],[0.69999999999999996],[-2.7999999999999998],[4.9000000000000004],[-0.29999999999999999],[-1.8],[-3.7999999999999998],[2.1000000000000001],[12.6],[-5.2000000000000002],[0.80000000000000004],[-2.2999999999999998],[1.8999999999999999],[-17.300000000000001],[12.300000000000001],[-15.199999999999999],[9.8000000000000007],[7.4000000000000004],[5.7999999999999998],[-6.5],[-10.699999999999999],[12.4],[-4.7000000000000002],[-3.5],[-0.29999999999999999],[2.7000000000000002],[9.3000000000000007],[-16.5],[-10.4],[10.1],[3.2000000000000002],[-18.100000000000001],[-7.2000000000000002],[-18.300000000000001],[5.7000000000000002],[-1.6000000000000001],[-13.1],[3.2000000000000002],[6.2999999999999998],[-30.399999999999999]]]

[]

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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 lending position declined $4.8b to $7.5b this quarter.
This was driven by a:

$13.0b decrease in national net saving
$5.4b increase in gross fixed capital formation

And partially offset by a:

$10.8b decrease in change in inventories

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
Jun-66	-1.8
Sep-66	-1.9
Dec-66	-1.9
Mar-67	-2.6
Jun-67	-1.9
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	-0.8
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	0.4
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	-2.9
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	-0.7
Mar-80	-1.0
Jun-80	-1.8
Sep-80	-3.9
Dec-80	-3.3
Mar-81	-2.9
Jun-81	-4.2
Sep-81	-4.1
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	-2.9
Mar-84	-4.0
Jun-84	-3.5
Sep-84	-4.5
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	-4.3
Mar-87	-4.1
Jun-87	-3.2
Sep-87	-3.3
Dec-87	-3.3
Mar-88	-3.0
Jun-88	-2.9
Sep-88	-3.9
Dec-88	-4.9
Mar-89	-5.6
Jun-89	-6.0
Sep-89	-6.5
Dec-89	-6.3
Mar-90	-6.2
Jun-90	-4.4
Sep-90	-4.2
Dec-90	-4.9
Mar-91	-3.9
Jun-91	-3.3
Sep-91	-3.1
Dec-91	-3.0
Mar-92	-3.0
Jun-92	-3.3
Sep-92	-3.8
Dec-92	-3.2
Mar-93	-3.0
Jun-93	-3.2
Sep-93	-3.3
Dec-93	-2.9
Mar-94	-2.9
Jun-94	-4.4
Sep-94	-5.5
Dec-94	-5.4
Mar-95	-5.8
Jun-95	-5.1
Sep-95	-4.5
Dec-95	-4.9
Mar-96	-4.0
Jun-96	-2.8
Sep-96	-3.9
Dec-96	-3.4
Mar-97	-3.0
Jun-97	-2.0
Sep-97	-3.1
Dec-97	-3.7
Mar-98	-5.1
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	-4.9
Jun-00	-5.0
Sep-00	-3.4
Dec-00	-3.5
Mar-01	-2.5
Jun-01	-2.2
Sep-01	-1.7
Dec-01	-2.8
Mar-02	-2.7
Jun-02	-3.6
Sep-02	-3.9
Dec-02	-5.0
Mar-03	-5.0
Jun-03	-5.6
Sep-03	-5.3
Dec-03	-5.4
Mar-04	-5.7
Jun-04	-5.6
Sep-04	-6.6
Dec-04	-7.3
Mar-05	-6.6
Jun-05	-5.7
Sep-05	-6.0
Dec-05	-5.8
Mar-06	-5.4
Jun-06	-6.3
Sep-06	-5.8
Dec-06	-6.0
Mar-07	-6.1
Jun-07	-6.7
Sep-07	-6.9
Dec-07	-7.3
Mar-08	-6.8
Jun-08	-5.9
Sep-08	-4.0
Dec-08	-2.9
Mar-09	-1.5
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.4
Mar-10	-5.4
Jun-10	-3.0
Sep-10	-3.1
Dec-10	-3.3
Mar-11	-3.4
Jun-11	-3.1
Sep-11	-2.6
Dec-11	-3.0
Mar-12	-4.7
Jun-12	-3.7
Sep-12	-4.3
Dec-12	-4.7
Mar-13	-3.6
Jun-13	-3.5
Sep-13	-3.7
Dec-13	-2.8
Mar-14	-2.7
Jun-14	-3.0
Sep-14	-3.4
Dec-14	-3.1
Mar-15	-3.4
Jun-15	-5.1
Sep-15	-4.8
Dec-15	-5.3
Mar-16	-4.3
Jun-16	-4.2
Sep-16	-3.3
Dec-16	-1.5
Mar-17	-1.9
Jun-17	-2.4
Sep-17	-2.7
Dec-17	-3.4
Mar-18	-2.6
Jun-18	-2.8
Sep-18	-2.2
Dec-18	-1.3
Mar-19	-0.9
Jun-19	0.6
Sep-19	1.3
Dec-19	0.3
Mar-20	1.0
Jun-20	3.0
Sep-20	2.0
Dec-20	2.7
Mar-21	3.8
Jun-21	3.2
Sep-21	4.0
Dec-21	0.9
Mar-22	0.7
Jun-22	1.9
Sep-22	-0.2
Dec-22	1.7
Mar-23	1.9
Jun-23	1.2

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 lending as a proportion of GDP decreased this quarter driven by a fall in net savings.

Financial corporations' net lending increased by $3.4b to $14.0b
Non-financial corporations' net lending increased by $4.1b to $10.7b
General government net borrowing increased by $10.4b to $17.6b
Households' net lending decreased by $1.0b to $2.4b

Notable drivers were:

Financial corporations' net lending was driven by an increase in net savings
Non-financial corporations' net lending was driven by a decrease in change in inventories
General government net borrowing was driven by a decrease in net savings
Households' net lending was driven by an increase in total gross fixed capital formation

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Jun-10	-6.9	13.1	-16.3	3.4
Sep-10	-9.9	10.4	-15.7	5.5
Dec-10	-11.3	9.2	-15.5	9.4
Mar-11	-17.1	8.5	-17.1	10.9
Jun-11	-19.2	13.2	-16.7	10.0
Sep-11	-14.9	11.6	-16.3	11.9
Dec-11	-17.3	11.0	-19.5	15.2
Mar-12	-24.9	12.3	-14.3	10.7
Jun-12	-21.2	10.8	-19.1	13.0
Sep-12	-23.6	12.3	-13.4	6.4
Dec-12	-28.8	11.7	-11.8	9.5
Mar-13	-22.1	9.7	-14.1	11.7
Jun-13	-26.1	10.2	-4.6	10.4
Sep-13	-21.3	9.1	-11.8	9.3
Dec-13	-22.2	9.0	-11.4	11.1
Mar-14	-20.6	9.2	-12.3	11.4
Jun-14	-22.8	8.3	-9.1	13.4
Sep-14	-23.5	8.6	-10.3	10.4
Dec-14	-20.4	6.3	-10.5	10.0
Mar-15	-22.7	7.7	-8.3	8.6
Jun-15	-22.6	5.8	-7.2	10.3
Sep-15	-25.3	7.8	-7.1	6.9
Dec-15	-25.1	9.4	-7.1	3.2
Mar-16	-21.8	8.1	-11.1	2.9
Jun-16	-20.3	9.4	-11.8	3.8
Sep-16	-17.7	9.0	-10.7	3.3
Dec-16	-10.7	7.8	-5.8	1.5
Mar-17	-9.6	5.4	-2.9	1.7
Jun-17	-10.6	8.4	-8.5	0.4
Sep-17	-15.3	8.3	-5.3	0.3
Dec-17	-15.7	6.2	-6.7	3.0
Mar-18	-15.3	8.2	-6.1	1.8
Jun-18	-20.3	7.8	-5.2	0.5
Sep-18	-15.9	6.0	-5.0	2.6
Dec-18	-14.9	6.8	-7.6	6.3
Mar-19	-10.6	7.1	-7.9	9.7
Jun-19	-5.7	7.9	-6.5	8.1
Sep-19	-6.2	5.3	-11.5	16.5
Dec-19	-8.4	5.1	-11.9	13.6
Mar-20	-3.7	3.4	-15.0	22.3
Jun-20	31.2	14.4	-100.1	71.0
Sep-20	28.4	6.5	-90.3	63.2
Dec-20	21.1	4.9	-49.2	37.9
Mar-21	11.9	3.2	-31.0	36.1
Jun-21	7.5	6.6	-19.0	27.1
Sep-21	-0.1	6.7	-40.4	54.3
Dec-21	-6.6	5.8	-26.3	32.7
Mar-22	-2.6	-0.3	-16.5	26.6
Jun-22	7.6	10.4	-15.1	16.5
Sep-22	-8.6	9.6	-16.3	14.4
Dec-22	-10.2	14.4	-6.3	4.2
Mar-23	6.6	10.6	-7.1	3.4
Jun-23	10.7	14.0	-17.6	2.4

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 23.9% as a proportion of GDP in seasonally adjusted terms, while increasing 3.6% in current price seasonally adjusted terms.
Relative to GDP:

Household capital investment increased to 8.0%.
Non-financial corporations' capital investment increased to 11.5%.
Financial corporations' capital investment remained at 0.5%
General government capital investment increased to 4.3%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment increased, driven by increases in private and public non-financial corporations
General government capital investment increased, driven by increases in national and 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)
Jun-10	44.7	2.1	14.4	27.9
Sep-10	45.5	2.1	14.0	28.8
Dec-10	46.7	2.1	14.0	28.3
Mar-11	49.1	2.2	13.6	29.0
Jun-11	50.3	2.2	12.2	29.0
Sep-11	56.4	2.2	12.8	28.3
Dec-11	55.6	2.2	15.3	27.5
Mar-12	61.0	2.3	12.3	27.4
Jun-12	64.0	2.3	13.7	27.3
Sep-12	63.8	2.5	13.1	28.0
Dec-12	65.9	2.5	12.7	28.3
Mar-13	62.1	2.5	13.2	28.0
Jun-13	62.5	2.5	11.6	29.0
Sep-13	63.4	2.4	12.3	29.6
Dec-13	63.0	2.3	12.7	30.2
Mar-14	60.7	2.4	13.1	31.1
Jun-14	59.6	2.4	13.0	31.6
Sep-14	56.8	2.7	13.0	33.4
Dec-14	56.2	2.8	12.5	35.2
Mar-15	55.0	2.7	12.3	36.3
Jun-15	54.5	2.6	13.1	36.2
Sep-15	52.6	2.9	12.1	37.9
Dec-15	51.8	2.9	12.3	38.1
Mar-16	49.3	2.8	14.3	38.5
Jun-16	47.3	2.8	14.9	39.5
Sep-16	45.4	2.8	13.8	40.0
Dec-16	47.3	2.8	14.4	40.9
Mar-17	46.6	2.8	15.7	41.1
Jun-17	45.6	2.8	18.3	41.4
Sep-17	51.1	2.5	16.7	40.6
Dec-17	50.0	3.0	17.4	40.8
Mar-18	50.7	3.0	17.3	42.0
Jun-18	50.6	3.0	18.1	42.8
Sep-18	51.8	3.0	18.5	41.4
Dec-18	51.4	3.0	18.8	40.3
Mar-19	51.9	2.9	19.0	39.1
Jun-19	52.2	3.0	19.4	38.2
Sep-19	53.3	2.9	19.5	38.0
Dec-19	52.7	2.9	20.3	37.9
Mar-20	52.5	2.7	19.7	38.0
Jun-20	50.8	2.6	19.4	35.3
Sep-20	50.5	2.6	19.0	36.1
Dec-20	51.7	2.7	20.0	38.8
Mar-21	54.2	2.8	20.1	42.2
Jun-21	56.3	2.9	21.9	45.0
Sep-21	57.2	2.9	21.5	45.8
Dec-21	58.4	2.9	21.6	47.0
Mar-22	59.7	2.9	22.4	48.5
Jun-22	62.5	3.0	24.0	48.8
Sep-22	64.9	3.1	23.5	48.8
Dec-22	66.6	3.1	23.5	49.0
Mar-23	69.1	3.1	24.6	49.3
Jun-23	73.0	3.3	27.1	51.0

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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"],[[44.700000000000003],[45.5],[46.700000000000003],[49.100000000000001],[50.299999999999997],[56.399999999999999],[55.600000000000001],[61],[64],[63.799999999999997],[65.900000000000006],[62.100000000000001],[62.5],[63.399999999999999],[63],[60.700000000000003],[59.600000000000001],[56.799999999999997],[56.200000000000003],[55],[54.5],[52.600000000000001],[51.799999999999997],[49.299999999999997],[47.299999999999997],[45.399999999999999],[47.299999999999997],[46.600000000000001],[45.600000000000001],[51.100000000000001],[50],[50.700000000000003],[50.600000000000001],[51.799999999999997],[51.399999999999999],[51.899999999999999],[52.200000000000003],[53.299999999999997],[52.700000000000003],[52.5],[50.799999999999997],[50.5],[51.700000000000003],[54.200000000000003],[56.299999999999997],[57.200000000000003],[58.399999999999999],[59.700000000000003],[62.5],[64.900000000000006],[66.599999999999994],[69.099999999999994],[73]],[[2.1000000000000001],[2.1000000000000001],[2.1000000000000001],[2.2000000000000002],[2.2000000000000002],[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],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.7999999999999998],[2.5],[3],[3],[3],[3],[3],[2.8999999999999999],[3],[2.8999999999999999],[2.8999999999999999],[2.7000000000000002],[2.6000000000000001],[2.6000000000000001],[2.7000000000000002],[2.7999999999999998],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[2.8999999999999999],[3],[3.1000000000000001],[3.1000000000000001],[3.1000000000000001],[3.2999999999999998]],[[14.4],[14],[14],[13.6],[12.199999999999999],[12.800000000000001],[15.300000000000001],[12.300000000000001],[13.699999999999999],[13.1],[12.699999999999999],[13.199999999999999],[11.6],[12.300000000000001],[12.699999999999999],[13.1],[13],[13],[12.5],[12.300000000000001],[13.1],[12.1],[12.300000000000001],[14.300000000000001],[14.9],[13.800000000000001],[14.4],[15.699999999999999],[18.300000000000001],[16.699999999999999],[17.399999999999999],[17.300000000000001],[18.100000000000001],[18.5],[18.800000000000001],[19],[19.399999999999999],[19.5],[20.300000000000001],[19.699999999999999],[19.399999999999999],[19],[20],[20.100000000000001],[21.899999999999999],[21.5],[21.600000000000001],[22.399999999999999],[24],[23.5],[23.5],[24.600000000000001],[27.100000000000001]],[[27.899999999999999],[28.800000000000001],[28.300000000000001],[29],[29],[28.300000000000001],[27.5],[27.399999999999999],[27.300000000000001],[28],[28.300000000000001],[28],[29],[29.600000000000001],[30.199999999999999],[31.100000000000001],[31.600000000000001],[33.399999999999999],[35.200000000000003],[36.299999999999997],[36.200000000000003],[37.899999999999999],[38.100000000000001],[38.5],[39.5],[40],[40.899999999999999],[41.100000000000001],[41.399999999999999],[40.600000000000001],[40.799999999999997],[42],[42.799999999999997],[41.399999999999999],[40.299999999999997],[39.100000000000001],[38.200000000000003],[38],[37.899999999999999],[38],[35.299999999999997],[36.100000000000001],[38.799999999999997],[42.200000000000003],[45],[45.799999999999997],[47],[48.5],[48.799999999999997],[48.799999999999997],[49],[49.299999999999997],[51]]]

[]

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Data downloads

Download all (10.37 MB)

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [263.73 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [246.39 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [79.37 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [102.94 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [77.19 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [370 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.88 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [366.07 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [226.15 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [369.66 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.76 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [259.92 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.7 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [344.34 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [159.49 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [474.55 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [308.68 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [218.7 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [70.07 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [289.35 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [286.15 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [140.34 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [265.73 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [254.76 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [198.1 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [309.31 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [76.65 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [296.02 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [75.9 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [272.76 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [76.04 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [187.38 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [76.12 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [248.32 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [78.98 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [66.33 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [65.69 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [442.72 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [79.38 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [113.13 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [123.29 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [104.25 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [350.97 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [449.42 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [184.96 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [152.26 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [345.25 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [249.49 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [311.98 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [381.55 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [55.8 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [56.64 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [151.95 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [346.05 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

This issue contains revisions to the original estimates of the capital accounts back to June quarter 2020 and concurrent seasonal adjustment.
The revisions to the financial accounts and balance sheets are back to June quarter 1988 and are a result of implementation of the quality assurance work undertaken through reviews of compilation methods and through source data provided to the ABS. Revisions have been applied to the entire time series of the financial instrument and sector tables.
The most significant revisions are due to:

improvements in the compilation of rest of world sector using data sourced from the Economic and Financial Statistics (EFS) collection
reviewing the methods of how Central Borrowing Authorities value their loan assets

Methodology

Australian National Accounts: Finance and Wealth methodology, June 2023

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APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Financing resources and investment table

Financial market summary table

Flow of funds diagrams

Net transactions during June quarter 2023

Amounts outstanding at end of June quarter 2023

National investment

Financial investment

Households

General government

Demand for credit

Demand for credit table

Households

Other private non-financial corporations

General government

Households

Balance sheet

Financial assets

Liabilities

Non-financial assets

Financial assets

Liabilities

Private non-financial corporations

Financial assets

Liabilities

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)

TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)