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

December 2022

Released

23/03/2023

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Key statistics

Household wealth fell $57.4b (0.4%) to $14,346b
Demand for credit was $63.8b, a fall of $52.4b from the previous quarter
Australia returned to a net lending position of $9.9b following a net borrowing position of $13.2b in the previous quarter
Capital investment as a proportion of GDP fell to 22.4%

Main features

Financing resources and investment table

Financing resources and investment December quarter 2022, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Financing resources
	Net saving (a)	48.7	1.0	8.8	10.7	69.1	-14.4
	plus Consumption of fixed capital	49.9	3.4	12.5	39.1	104.8	-
	Gross saving	98.5	4.4	21.2	49.8	173.9	-14.4
	plus Net capital transfers	0.6	0.3	-2.3	1.2	-0.2	0.2
	less Statistical discrepancy (b)	-	-	-	-	4.2	-
	Total financing resources	99.1	4.7	18.9	51.0	169.6	-14.3
Uses of financing (investment)
	Capital formation
		Gross fixed capital formation	68.9	3.2	24.1	50.9	147.1	-
		plus Changes in inventories	3.8	0.0	0.4	4.1	8.3	-
		plus Net acquisition of non-produced non-financial assets	-0.4	-	0.4	-	-	-
		Total capital formation	72.3	3.2	24.9	55.0	155.3	-
	plus Financial investment
		Acquisition of financial assets	13.6	-43.8	-12.3	56.8	-66.3	-76.2
		less Incurrence of financial liabilities	15.6	-54.9	8.2	35.5	-76.2	-66.3
		Net Financial investment (Net lending (+) / net borrowing (-))	-2.0	11.1	-20.5	21.2	9.9	-9.9
	less Net errors and omissions	-28.8	9.6	-14.5	25.2	-4.4	4.4
	Total investment	99.1	4.7	18.9	51.0	169.6	-14.2

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Sep-22	Transactions, Dec-22	Other changes, Dec-22	Amounts outstanding, Dec-22
Currency and deposits
	Currency	107.0	0.9	-	107.9
	Transferable deposits	2,243.2	-24.7	-4.8	2,213.7
	Other deposits	1,551.8	53.7	-4.1	1,601.4
Short term debt securities
	Bills of exchange	7.2	-0.2	-	7.0
	One name paper	552.0	23.8	-2.7	573.2
Long term debt securities
	Bonds, etc.	3,220.9	17.9	-8.8	3,230.0
Derivatives
	Derivatives	1,588.7	-304.1	80.6	1,365.2
Loans and placements
	Short term	447.7	-16.3	-2.7	428.8
	Long term	4,615.4	44.1	-5.1	4,654.4
Shares and other equity
	Listed	2,327.4	-0.8	180.2	2,506.8
	Unlisted	5,652.4	64.1	79.1	5,795.6
Insurance technical reserves
	Reserves of pension funds and life	2,998.4	19.9	103.5	3,121.8
	General insurance payments	150.1	1.9	0.0	152.0

Flow of funds diagrams

National investment

National investment increased $13.7b to $155.3b in the December quarter.

General government investment increased by $3.3b to $24.9b driven largely by increases in total gross fixed capital formation in state and local general government and national general government.
Non-financial corporations' investment increased by $3.3b to $72.3b, driven largely by an increase in total gross fixed capital formation in private non-financial corporations, and an increase in change in inventories in public non-financial corporations.
Household investment increased $6.8b to $55.0b, predominately driven by an increase in change in inventories, and to a lesser extent an increase in total gross fixed capital formation.

Financial investment

Australia was a net lender of $9.9b to rest of world (ROW). The main contributors were a:

$41.5b acquisition by Australia of ROW equity
$16.0b repayment of loans borrowed by Australia from ROW
Partly offset by $29.0b acquisition by ROW holdings of debt securities, driven mainly by debt securities issued by banks and national general government (NGG)

Acquisition of ROW equity by Australia reflected merger and acquisition activity during the quarter. ROW acquired bank-issued debt securities as banks increased overseas wholesale funding as deposit inflows have slowed.

Households

Households $21.2b net lending position was due to a $56.8b acquisition of financial assets, offset by $35.5b incurrence of liabilities

The acquisition of assets was driven by:

$32.5b in deposits
$26.0b in net equity in superannuation.

While liabilities were driven by:

$31.7b in loan borrowings

Growth in households’ deposit assets was weaker than the previous quarter as the rising cost of living put pressure on households’ ability to save. Growth in deposit assets favoured term deposit products which have benefitted from higher interest rates. Year-on-year growth in contributions into pension funds reflected growth in employment and the increase to the rate of compulsory superannuation contributions.

Non-financial corporations

Non-financial corporations’ $2.0b net borrowing position was due to $13.6b acquisition of financial assets offset by $15.6b incurrence of liabilities. The acquisition of assets was driven by:

$30.4b of equities

Acquisitions of assets were offset by:

$5.5b withdrawal of deposits
$5.1b decrease in loans

Liabilities were driven by:

$21.6b in equities

Non-financial corporations used previously built-up deposit balances to repay loans with ROW. The acquisition of equities reflects firms’ involvement in merger and acquisition activity. Private non-financial corporations benefitted from strong gross operating surplus, with reinvested earnings increasing firms' equity capital.

General government

General government’s $20.5b net borrowing position was due to a $12.3b disposal of financial assets and $8.2b incurrence of liabilities.

Assets were driven by:

$13.8b withdrawals of deposits.

Liabilities were driven by:

$8.2b in loans
$3.0b issuance of long-term debt securities

Deposits previously placed by state and territory general governments were withdrawn to fund government expenditure. State and territory governments also continued to borrow funds from their respective central borrowing authorities to fund transport and healthcare capital investment. Bond issuance has wound back from pandemic highs as the national general government's financial position improves.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Dec-09	-23.2	-6.2	-3.1	-18.9	5.0
Mar-10	-20.4	1.1	-18.5	-13.8	10.8
Jun-10	-6.4	21.7	-10.1	-11.2	-6.8
Sep-10	-11.6	-6.1	10.5	-25.1	9.2
Dec-10	-13.7	-6.4	9.2	-15.2	-1.4
Mar-11	-12.9	14.1	5.7	-17.3	-15.4
Jun-11	-8.0	-0.5	9.0	-20.2	3.6
Sep-11	-11.0	-11.0	4.5	-30.5	26.1
Dec-11	-13.7	1.3	-3.2	-14.7	3.0
Mar-12	-16.4	-34.8	20.8	-11.2	8.8
Jun-12	-10.1	2.9	-21.0	-32.2	40.3
Sep-12	-19.4	-4.9	-10.7	-26.2	22.4
Dec-12	-18.0	-13.4	-2.0	-11.1	8.5
Mar-13	-10.9	-33.3	23.1	-17.3	16.6
Jun-13	-11.7	-40.0	14.1	-11.3	25.6
Sep-13	-17.9	-14.5	-16.0	-21.1	33.6
Dec-13	-10.4	-40.8	22.4	-9.0	17.0
Mar-14	-9.5	-16.5	9.7	-11.7	9.1
Jun-14	-9.9	-23.5	20.3	-12.2	5.5
Sep-14	-17.1	-8.7	-20.0	-18.7	30.2
Dec-14	-15.2	-1.2	-27.7	-13.8	27.5
Mar-15	-9.1	-12.2	-0.4	-4.8	8.2
Jun-15	-20.9	-33.4	5.0	-4.4	11.9
Sep-15	-26.0	-48.2	-4.5	-16.3	43.0
Dec-15	-25.2	-39.5	1.9	-5.4	17.8
Mar-16	-13.2	-23.0	16.1	-10.3	4.1
Jun-16	-19.0	6.6	-31.5	-7.9	13.9
Sep-16	-15.1	-7.4	-1.4	-21.8	15.6
Dec-16	-4.0	4.2	-13.4	-19.4	24.6
Mar-17	-4.5	-17.5	11.3	2.3	-0.7
Jun-17	-12.3	23.7	-31.5	-12.3	7.7
Sep-17	-15.0	-11.1	-10.0	-17.8	23.9
Dec-17	-18.5	-7.7	-22.2	-3.0	14.4
Mar-18	-10.6	-25.3	6.9	-0.3	8.2
Jun-18	-12.6	-10.2	-15.8	-0.4	13.8
Sep-18	-13.4	-31.6	-2.0	-17.1	37.4
Dec-18	-4.1	-8.0	7.2	-9.3	6.0
Mar-19	-3.1	-13.7	-5.1	-0.7	16.5
Jun-19	6.1	15.4	-34.9	-10.9	36.6
Sep-19	3.6	-0.6	-23.5	-24.2	52.0
Dec-19	5.0	-12.0	9.4	-15.4	23.0
Mar-20	9.3	-8.0	10.5	-15.6	22.3
Jun-20	17.5	49.1	2.7	-91.2	56.8
Sep-20	4.4	40.6	-0.8	-116.1	80.7
Dec-20	13.7	22.5	3.2	-50.6	38.6
Mar-21	13.8	-9.3	34.6	-20.2	8.7
Jun-21	21.6	23.2	1.1	-17.0	14.4
Sep-21	15.5	-23.8	31.0	-48.2	56.5
Dec-21	10.2	-5.5	17.8	-28.8	26.8
Mar-22	5.6	-42.2	41.1	-4.6	11.3
Jun-22	19.9	10.0	26.8	-15.4	-1.6
Sep-22	-13.2	-48.2	8.7	-33.4	59.6
Dec-22	9.9	-2.0	11.1	-20.5	21.2

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

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
	Credit market outstandings, Sep-22	Demand for credit, Dec-22	Other changes, Dec-22	Credit market outstandings, Dec-22
Non-financial corporations
	Investment funds	520.1	4.3	14.8	539.2
	Other private	4,212.6	16.0	106.7	4,335.3
	Public	174.7	0.9	0.1	175.7
General government
	National	846.6	2.8	-4.6	844.8
	State and local	380.6	8.4	0.1	389.1
Households	2,704.8	31.5	0.4	2,736.7
Total	8,839.5	63.8	117.5	9,020.7

Demand for credit was $63.8b in the December quarter, of which:

households borrowed $31.5b
other private non-financial corporations borrowed $16.0b
general government borrowed $11.2b

Credit market outstanding increased $181.3b (2.1%) of which $117.5b was revaluation gains. Holding gains on the shares of other private non-financial corporations were $110.8b in line with a strong rally in equity prices on the Australian Securities Exchange (ASX).

Households

Housing credit growth increased moderately from last quarter which reflected a lift in buyer activity during the Spring housing market. Short term loan borrowing was $1.1b in line with seasonally higher consumer spending in the December quarter. Household borrowing consisted of:

$30.6b in long term loans
$1.1b in short term loans

Private non-financial corporations

Private non-financial corporations demand for credit was the weakest since June quarter 2021 and was driven by equity raising as companies attracted foreign investment through the ASX. Strong export revenue was also reinvested in foreign-owned resource companies to grow share capital. Business credit growth slowed in the December quarter but has been strong through the year driven by elevated merger and acquisition activity and businesses that drew down on credit facilities to manage liquidity challenges arising from supply chain disruptions. Business borrowing was partly offset by repayment of outstanding loans with the rest of world. The financing activity of businesses comprised:

equity raising of $16.7b
loan borrowings of $901m

General government

The pace of bond issuance by the Commonwealth government has slowed across the year in line with reduced funding requirements following unprecedented debt issuance to fund payments made to support the economy through the pandemic and natural disasters. State and local general government's demand for credit was $8.4b as funds raised through semi-government bonds were passed on by their respective central borrowing authorities through loans. State government demand for credit continues to be driven by investment in health and transport infrastructure. This was reflected in:

$8.2b in loan borrowings by state and local general governments
$3.1b of bonds issued by national general government

Demand for credit by sector
	Other private non-financial corporations ($b)	Households ($b)	General government ($b)	Other ($b)
Dec-09	6.7	22.7	13.8	1.2
Mar-10	2.6	18.2	20.6	-0.2
Jun-10	0.8	29.2	21.0	7.5
Sep-10	15.4	16.9	18.6	6.5
Dec-10	20.2	23.3	12.3	-1.9
Mar-11	6.4	21.4	18.1	2.6
Jun-11	6.1	27.2	19.0	-1.5
Sep-11	30.8	7.4	28.2	2.1
Dec-11	-4.6	16.7	21.4	6.3
Mar-12	28.1	11.6	16.7	2.2
Jun-12	16.3	23.0	12.9	1.7
Sep-12	16.3	1.9	28.7	5.1
Dec-12	15.4	14.8	10.9	5.5
Mar-13	23.2	11.8	10.2	2.7
Jun-13	37.1	26.9	-9.1	2.0
Sep-13	24.5	4.3	29.8	0.5
Dec-13	35.4	30.3	20.4	7.3
Mar-14	8.2	18.7	20.9	4.6
Jun-14	31.6	34.2	9.2	11.0
Sep-14	33.7	19.8	23.9	-5.5
Dec-14	35.3	26.2	12.7	5.9
Mar-15	42.6	25.0	17.7	8.5
Jun-15	26.1	39.2	1.5	9.0
Sep-15	38.9	18.2	37.8	4.5
Dec-15	33.4	23.1	0.4	6.5
Mar-16	30.7	25.3	23.5	4.7
Jun-16	11.1	34.7	4.4	4.9
Sep-16	21.1	28.6	25.5	5.0
Dec-16	57.0	20.7	14.2	-11.9
Mar-17	5.7	21.6	18.8	4.4
Jun-17	37.3	40.6	19.0	1.1
Sep-17	33.2	18.2	4.4	5.2
Dec-17	31.2	28.1	16.1	5.6
Mar-18	39.2	19.6	5.7	2.9
Jun-18	14.3	27.5	10.1	2.5
Sep-18	72.6	14.5	5.0	8.8
Dec-18	9.6	25.7	6.1	3.8
Mar-19	35.1	15.3	-0.3	7.5
Jun-19	39.5	4.1	12.3	-2.1
Sep-19	16.0	-0.6	26.0	8.4
Dec-19	19.0	20.3	15.9	4.3
Mar-20	53.2	2.6	35.7	4.9
Jun-20	-7.8	14.2	136.8	10.5
Sep-20	1.0	5.9	144.5	7.5
Dec-20	2.0	22.0	30.5	10.9
Mar-21	16.4	24.6	20.2	6.4
Jun-21	9.4	48.8	6.9	19.5
Sep-21	53.1	40.7	50.4	9.7
Dec-21	31.7	54.0	22.0	15.9
Mar-22	155.7	42.4	12.6	12.2
Jun-22	40.6	53.0	45.4	14.8
Sep-22	71.5	26.3	11.7	6.6
Dec-22	16.0	31.5	11.2	5.1

Demand for credit by sector

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

[["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"],[[6.7000000000000002],[2.6000000000000001],[0.80000000000000004],[15.4],[20.199999999999999],[6.4000000000000004],[6.0999999999999996],[30.800000000000001],[-4.5999999999999996],[28.100000000000001],[16.300000000000001],[16.300000000000001],[15.4],[23.199999999999999],[37.100000000000001],[24.5],[35.399999999999999],[8.1999999999999993],[31.600000000000001],[33.700000000000003],[35.299999999999997],[42.600000000000001],[26.100000000000001],[38.899999999999999],[33.399999999999999],[30.699999999999999],[11.1],[21.100000000000001],[57],[5.7000000000000002],[37.299999999999997],[33.200000000000003],[31.199999999999999],[39.200000000000003],[14.300000000000001],[72.599999999999994],[9.5999999999999996],[35.100000000000001],[39.5],[16],[19],[53.200000000000003],[-7.7999999999999998],[1],[2],[16.399999999999999],[9.4000000000000004],[53.100000000000001],[31.699999999999999],[155.69999999999999],[40.600000000000001],[71.5],[16]],[[22.699999999999999],[18.199999999999999],[29.199999999999999],[16.899999999999999],[23.300000000000001],[21.399999999999999],[27.199999999999999],[7.4000000000000004],[16.699999999999999],[11.6],[23],[1.8999999999999999],[14.800000000000001],[11.800000000000001],[26.899999999999999],[4.2999999999999998],[30.300000000000001],[18.699999999999999],[34.200000000000003],[19.800000000000001],[26.199999999999999],[25],[39.200000000000003],[18.199999999999999],[23.100000000000001],[25.300000000000001],[34.700000000000003],[28.600000000000001],[20.699999999999999],[21.600000000000001],[40.600000000000001],[18.199999999999999],[28.100000000000001],[19.600000000000001],[27.5],[14.5],[25.699999999999999],[15.300000000000001],[4.0999999999999996],[-0.59999999999999998],[20.300000000000001],[2.6000000000000001],[14.199999999999999],[5.9000000000000004],[22],[24.600000000000001],[48.799999999999997],[40.700000000000003],[54],[42.399999999999999],[53],[26.300000000000001],[31.5]],[[13.800000000000001],[20.600000000000001],[21],[18.600000000000001],[12.300000000000001],[18.100000000000001],[19],[28.199999999999999],[21.399999999999999],[16.699999999999999],[12.9],[28.699999999999999],[10.9],[10.199999999999999],[-9.0999999999999996],[29.800000000000001],[20.399999999999999],[20.899999999999999],[9.1999999999999993],[23.899999999999999],[12.699999999999999],[17.699999999999999],[1.5],[37.799999999999997],[0.40000000000000002],[23.5],[4.4000000000000004],[25.5],[14.199999999999999],[18.800000000000001],[19],[4.4000000000000004],[16.100000000000001],[5.7000000000000002],[10.1],[5],[6.0999999999999996],[-0.29999999999999999],[12.300000000000001],[26],[15.9],[35.700000000000003],[136.80000000000001],[144.5],[30.5],[20.199999999999999],[6.9000000000000004],[50.399999999999999],[22],[12.6],[45.399999999999999],[11.699999999999999],[11.199999999999999]],[[1.2],[-0.20000000000000001],[7.5],[6.5],[-1.8999999999999999],[2.6000000000000001],[-1.5],[2.1000000000000001],[6.2999999999999998],[2.2000000000000002],[1.7],[5.0999999999999996],[5.5],[2.7000000000000002],[2],[0.5],[7.2999999999999998],[4.5999999999999996],[11],[-5.5],[5.9000000000000004],[8.5],[9],[4.5],[6.5],[4.7000000000000002],[4.9000000000000004],[5],[-11.9],[4.4000000000000004],[1.1000000000000001],[5.2000000000000002],[5.5999999999999996],[2.8999999999999999],[2.5],[8.8000000000000007],[3.7999999999999998],[7.5],[-2.1000000000000001],[8.4000000000000004],[4.2999999999999998],[4.9000000000000004],[10.5],[7.5],[10.9],[6.4000000000000004],[19.5],[9.6999999999999993],[15.9],[12.199999999999999],[14.800000000000001],[6.5999999999999996],[5.0999999999999996]]]

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Households

Balance sheet

Household balance sheet, $b
	Amounts outstanding, Sep-22	Transactions, Dec-22	Other changes (a), Dec-22	Holding gains/losses, Dec-22	Amounts outstanding, Dec-22
Non-financial assets
	Land and dwellings	9,987.7	12.1	9.9	-254.9	9,754.8
	Other non-financial assets	790.2	3.8	-	16.1	810.1
Financial assets
	Superannuation reserves	3,316.7	26.0	-	94.1	3,436.8
	Shares and other equity	1,237.3	0.1	-	32.8	1,270.3
	Currency and deposits	1,554.0	32.6	-	-0.1	1,586.5
	Other financial assets	368.2	-2.0	-	7.9	374.2
Liabilities
	Loans	2,700.2	31.7	-	0.4	2,732.2
	Other liabilities	150.1	3.8	-	-	154.0
Wealth (Net worth)	14,403.8	37.1	9.9	-104.5	14,346.4
Memorandum item
	Consumer durables (b)	507.2	8.4	-	-	517.9

Financial assets

Household selected financial assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	52.0	6,422.5	82.7	6,476.2	56.8	6,667.7
Deposits	5.0	1,453.1	50.5	1,504.0	32.5	1,536.3
Shares and equity	2.4	1,225.1	2.2	1,237.3	0.1	1,270.3
Net equity in reserves	38.5	3,010.8	23.5	3,003.0	19.8	3,127.1
	Pension funds	37.1	2,877.6	22.0	2,869.2	23.8	2,989.5
Other assets	6.3	733.4	6.5	731.9	4.4	734.0

Liabilities

Household selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	53.6	2,828.5	23.1	2,850.5	35.5	2,886.3
Short term loans	-0.2	59.9	-1.5	58.4	1.1	59.6
Long term loans	53.4	2,614.8	28.0	2,641.8	30.6	2,672.7
Other liabilities	0.4	153.8	-3.5	150.3	3.8	154.1

Household wealth fell 0.4% ($57.4b) to $14,346.4b at the end of the December quarter. This was the third consecutive quarter of decline in household wealth and was driven by weakness in the housing market.

Wealth per capita fell 0.9% (-$4,737) to $546,962 per person.

Non-financial assets

Non-financial assets owned by households decreased 2.0% (-$213.0b), driven by a:

$232.9b fall in land and dwellings

Holding losses on residential land and dwellings reflected continued declines in property prices across most of Australia.

Financial assets

Financial assets of households increased 3.0% ($191.5b), driven by a:

$120.1b rise in superannuation reserves
$33.0b rise in shares and other equity
$32.5b rise in currency and deposits

Total superannuation reserves increased by 3.6% this quarter, driven by favourable economic conditions domestically and overseas. Total deposits increased by 2.1%, driven by other deposits ($31.5b), as term deposits became more desirable with rising interest rates. Transferable deposits increased 0.1% ($0.8b).

Liabilities

Household liabilities increased 1.3% ($35.9b), driven by a:

$30.9b rise in housing loans
$1.1b rise in short term loans

The growth in housing loans was driven by both owner-occupied ($22.2b) and investor ($5.8b) loans, but remained subdued compared to the first half of 2022.
The increase in short term loans was due to seasonal year-end spending. Through the year, short term loans fell 2.5%, reflecting household's lack of appetite for short term debt.

Household wealth, contribution to growth, quarterly
	Net worth (ppt)	Assets: Land and dwellings (ppt)	Assets: Superannuation (ppt)	Assets: Equity (ppt)	Assets: Deposits (ppt)	Liabilities: Housing loans (ppt)
Dec-09	5.8	5.0	0.8	0	0.2	-0.4
Mar-10	3.5	3.1	0.4	0	0.2	-0.3
Jun-10	-1.8	-0.4	-0.6	-0.4	0.1	-0.4
Sep-10	1.4	0.3	0.7	0.2	0.4	-0.3
Dec-10	1.1	0.4	0.8	0.1	0.2	-0.3
Mar-11	-0.2	-0.2	0.4	0	0.1	-0.3
Jun-11	-0.5	0.1	0	-0.1	0	-0.2
Sep-11	-3.2	-2.0	-1.1	-0.2	0.4	-0.3
Dec-11	0.1	-0.3	0.2	0.1	0.2	-0.2
Mar-12	1.6	0.4	1.0	0.3	0.2	-0.2
Jun-12	2.3	0.4	1.9	-0.1	0.1	-0.3
Sep-12	1.0	-0.2	0.8	0.2	0.3	-0.2
Dec-12	2.7	1.6	0.9	0.2	0.2	-0.2
Mar-13	2.1	0.8	1.0	0.3	0.1	-0.2
Jun-13	0	1.1	-0.8	0	0.1	-0.3
Sep-13	3.0	1.2	1.3	0.3	0.4	0
Dec-13	3.3	2.4	0.7	0.1	0.3	-0.4
Mar-14	1.9	1.0	0.6	0.3	0.1	-0.2
Jun-14	1.6	1.3	0.3	0.2	0.1	-0.4
Sep-14	2.1	1.1	0.7	0.2	0.4	-0.3
Dec-14	3.4	2.2	0.8	0.3	0.3	-0.3
Mar-15	3.3	1.5	1.3	0.4	0.2	-0.3
Jun-15	2.4	2.7	0.1	0	0.1	-0.4
Sep-15	1.4	1.5	-0.3	0	0.4	-0.2
Dec-15	1.8	0.5	0.9	0.4	0.2	-0.3
Mar-16	-0.2	0.1	-0.2	0	0.1	-0.3
Jun-16	3.2	1.6	1.7	0.2	0.1	-0.3
Sep-16	2.5	1.4	0.9	0.3	0.3	-0.2
Dec-16	3.6	2.8	0.5	0.2	0.3	-0.2
Mar-17	2.4	1.7	0.7	0.2	0.1	-0.2
Jun-17	1.6	1.7	0.2	0	0	-0.3
Sep-17	0.3	0.1	0	0.1	0.2	-0.2
Dec-17	2.8	1.7	1.0	0.3	0.1	-0.3
Mar-18	-0.1	0.2	-0.2	0	0.1	-0.2
Jun-18	0.9	-0.3	1.0	0.2	0	-0.2
Sep-18	0.3	-0.5	0.5	0.2	0.3	-0.2
Dec-18	-2.0	-0.6	-1.1	-0.1	0.1	-0.2
Mar-19	0.6	-1.2	1.4	0.3	0.1	-0.1
Jun-19	3.1	0.7	2.1	0.3	0	-0.2
Sep-19	3.2	2.1	0.6	0.2	0.2	-0.1
Dec-19	2.7	2.0	0.6	0.1	0.1	-0.2
Mar-20	-2.2	0.9	-2.5	-0.6	0.2	-0.1
Jun-20	2.1	-0.2	1.5	0.3	0.3	-0.1
Sep-20	3.1	2.1	0.3	0.1	0.6	-0.1
Dec-20	5.5	3.3	1.5	0.5	0.2	-0.2
Mar-21	4.6	3.8	0.6	0.2	0.1	-0.2
Jun-21	4.6	3.5	0.9	0.3	0	-0.3
Sep-21	5.5	4.6	0.4	0.2	0.5	-0.3
Dec-21	4.9	4.0	0.6	0.1	0.3	-0.3
Mar-22	1.1	1.3	-0.4	0.1	0.2	-0.3
Jun-22	-0.9	1.5	-2.0	-0.2	0	-0.3
Sep-22	-2.8	-3.2	-0.1	0.1	0.3	-0.2
Dec-22	-0.4	-1.6	0.8	0.2	0.2	-0.2

Household wealth, contribution to growth, quarterly

["","Net worth","Assets: Land and dwellings","Assets: Superannuation","Assets: Equity","Assets: Deposits","Liabilities: Housing loans"]

[["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"],[[5.7999999999999998],[3.5],[-1.8],[1.3999999999999999],[1.1000000000000001],[-0.20000000000000001],[-0.5],[-3.2000000000000002],[0.10000000000000001],[1.6000000000000001],[2.2999999999999998],[1],[2.7000000000000002],[2.1000000000000001],[0],[3],[3.2999999999999998],[1.8999999999999999],[1.6000000000000001],[2.1000000000000001],[3.3999999999999999],[3.2999999999999998],[2.3999999999999999],[1.3999999999999999],[1.8],[-0.20000000000000001],[3.2000000000000002],[2.5],[3.6000000000000001],[2.3999999999999999],[1.6000000000000001],[0.29999999999999999],[2.7999999999999998],[-0.10000000000000001],[0.90000000000000002],[0.29999999999999999],[-2],[0.59999999999999998],[3.1000000000000001],[3.2000000000000002],[2.7000000000000002],[-2.2000000000000002],[2.1000000000000001],[3.1000000000000001],[5.5],[4.5999999999999996],[4.5999999999999996],[5.5],[4.9000000000000004],[1.1000000000000001],[-0.90000000000000002],[-2.7999999999999998],[-0.40000000000000002]],[[5],[3.1000000000000001],[-0.40000000000000002],[0.29999999999999999],[0.40000000000000002],[-0.20000000000000001],[0.10000000000000001],[-2],[-0.29999999999999999],[0.40000000000000002],[0.40000000000000002],[-0.20000000000000001],[1.6000000000000001],[0.80000000000000004],[1.1000000000000001],[1.2],[2.3999999999999999],[1],[1.3],[1.1000000000000001],[2.2000000000000002],[1.5],[2.7000000000000002],[1.5],[0.5],[0.10000000000000001],[1.6000000000000001],[1.3999999999999999],[2.7999999999999998],[1.7],[1.7],[0.10000000000000001],[1.7],[0.20000000000000001],[-0.29999999999999999],[-0.5],[-0.59999999999999998],[-1.2],[0.69999999999999996],[2.1000000000000001],[2],[0.90000000000000002],[-0.20000000000000001],[2.1000000000000001],[3.2999999999999998],[3.7999999999999998],[3.5],[4.5999999999999996],[4],[1.3],[1.5],[-3.2000000000000002],[-1.6000000000000001]],[[0.80000000000000004],[0.40000000000000002],[-0.59999999999999998],[0.69999999999999996],[0.80000000000000004],[0.40000000000000002],[0],[-1.1000000000000001],[0.20000000000000001],[1],[1.8999999999999999],[0.80000000000000004],[0.90000000000000002],[1],[-0.80000000000000004],[1.3],[0.69999999999999996],[0.59999999999999998],[0.29999999999999999],[0.69999999999999996],[0.80000000000000004],[1.3],[0.10000000000000001],[-0.29999999999999999],[0.90000000000000002],[-0.20000000000000001],[1.7],[0.90000000000000002],[0.5],[0.69999999999999996],[0.20000000000000001],[0],[1],[-0.20000000000000001],[1],[0.5],[-1.1000000000000001],[1.3999999999999999],[2.1000000000000001],[0.59999999999999998],[0.59999999999999998],[-2.5],[1.5],[0.29999999999999999],[1.5],[0.59999999999999998],[0.90000000000000002],[0.40000000000000002],[0.59999999999999998],[-0.40000000000000002],[-2],[-0.10000000000000001],[0.80000000000000004]],[[0],[0],[-0.40000000000000002],[0.20000000000000001],[0.10000000000000001],[0],[-0.10000000000000001],[-0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[-0.10000000000000001],[0.20000000000000001],[0.20000000000000001],[0.29999999999999999],[0],[0.29999999999999999],[0.10000000000000001],[0.29999999999999999],[0.20000000000000001],[0.20000000000000001],[0.29999999999999999],[0.40000000000000002],[0],[0],[0.40000000000000002],[0],[0.20000000000000001],[0.29999999999999999],[0.20000000000000001],[0.20000000000000001],[0],[0.10000000000000001],[0.29999999999999999],[0],[0.20000000000000001],[0.20000000000000001],[-0.10000000000000001],[0.29999999999999999],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[-0.59999999999999998],[0.29999999999999999],[0.10000000000000001],[0.5],[0.20000000000000001],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[-0.20000000000000001],[0.10000000000000001],[0.20000000000000001]],[[0.20000000000000001],[0.20000000000000001],[0.10000000000000001],[0.40000000000000002],[0.20000000000000001],[0.10000000000000001],[0],[0.40000000000000002],[0.20000000000000001],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.40000000000000002],[0.29999999999999999],[0.10000000000000001],[0.10000000000000001],[0.40000000000000002],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0.40000000000000002],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.29999999999999999],[0.29999999999999999],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.29999999999999999],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.20000000000000001],[0.29999999999999999],[0.59999999999999998],[0.20000000000000001],[0.10000000000000001],[0],[0.5],[0.29999999999999999],[0.20000000000000001],[0],[0.29999999999999999],[0.20000000000000001]],[[-0.40000000000000002],[-0.29999999999999999],[-0.40000000000000002],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.20000000000000001],[-0.29999999999999999],[-0.20000000000000001],[-0.20000000000000001],[-0.29999999999999999],[-0.20000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.29999999999999999],[0],[-0.40000000000000002],[-0.20000000000000001],[-0.40000000000000002],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.40000000000000002],[-0.20000000000000001],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.20000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.29999999999999999],[-0.20000000000000001],[-0.29999999999999999],[-0.20000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.10000000000000001],[-0.20000000000000001],[-0.10000000000000001],[-0.20000000000000001],[-0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.29999999999999999],[-0.20000000000000001],[-0.20000000000000001]]]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	60.1	1,959.1	24.5	2,003.5	13.5	2,031.5
Deposits	48.5	824.5	-17.5	810.2	-6.8	801.1
Shares and equity	14.7	663.3	25.4	690.3	30.4	738.3
Other accounts receivable	-0.2	242.9	10.9	258.8	-3.7	259.0
Other assets	-2.9	228.4	5.7	244.1	-6.5	233.1

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	43.9	4,899.9	70.7	4,970.9	14.0	5,102.4
Total debt securities	2.6	280.4	-4.3	277.3	-2.9	275.0
Loans	32.6	988.2	41.0	1,030.6	2.7	1,029.0
	Authorised deposit taking institutions	24.4	665.7	28.3	694.7	9.0	703.2
	Rest of world	4.1	235.0	6.0	241.6	-10.2	227.6
Shares and equity	15.4	3,360.1	40.4	3,384.1	20.5	3,529.8
	Households	3.8	809.5	6.0	820.0	3.1	840.4
	Rest of world	-3.8	1,305.0	28.1	1,318.0	13.8	1,372.3
Other liabilities	-6.7	271.2	-6.4	279.0	-6.4	268.7

Private non-financial corporations demand for credit of $20.2b:

$20.5b issuance of equity, and
$2.7b loan borrowings

Private non-financial corporations' demand for credit
	Total liabilities ($b)	Debt securities ($b)	Loans ($b)	Equities ($b)
Dec-09	6.7	1.8	-7.2	11.3
Mar-10	-0.1	0.8	-9.8	8.1
Jun-10	8.6	-1.3	-7.5	12.7
Sep-10	21.4	8.5	-5.7	15.6
Dec-10	21.8	-4.7	-10.3	35.1
Mar-11	6.3	3.3	6.1	0
Jun-11	0.5	0.6	-6.5	9.6
Sep-11	30.7	6.9	16.4	5.8
Dec-11	6.3	7.2	-1.1	-5.9
Mar-12	28.2	10.2	6.9	12.9
Jun-12	21.2	-1.2	13.3	3.9
Sep-12	20.0	6.8	-2.7	13.9
Dec-12	18.1	6.0	1.3	11.7
Mar-13	24.3	3.7	11.4	12.6
Jun-13	37.1	-1.9	17.4	23.5
Sep-13	24.3	8.9	0.7	13.6
Dec-13	43.2	1.0	16.0	23.8
Mar-14	12.2	-3.8	3.9	12.7
Jun-14	29.9	-5.3	19.5	21.0
Sep-14	40.5	6.1	8.8	19.0
Dec-14	32.0	-7.3	8.6	31.3
Mar-15	45.6	5.0	25.3	17.9
Jun-15	39.3	10.6	-1.2	26.5
Sep-15	47.4	-7.0	29.5	19.4
Dec-15	37.0	7.3	12.6	18.8
Mar-16	34.9	4.4	16.4	13.9
Jun-16	13.9	-8.8	2.3	16.7
Sep-16	31.6	-7.4	11.5	23.1
Dec-16	61.7	1.3	12.7	45.8
Mar-17	18.8	-10.2	3.6	16.5
Jun-17	49.0	6.8	5.0	30.5
Sep-17	49.0	-3.8	9.7	33.5
Dec-17	30.1	-6.4	8.2	31.0
Mar-18	47.2	3.7	16.0	23.7
Jun-18	14.1	8.1	-14.5	21.2
Sep-18	83.4	-0.8	35.7	46.4
Dec-18	8.1	-4.4	7.4	6.7
Mar-19	37.5	-3.1	20.2	23.0
Jun-19	29.1	3.8	1.5	28.8
Sep-19	28.4	-2.0	10.7	12.2
Dec-19	18.7	-1.8	2.1	23.2
Mar-20	58.4	-9.0	50.6	12.0
Jun-20	-5.2	-1.9	-27.7	31.4
Sep-20	13.7	-8.6	-6.4	24.8
Dec-20	11.1	-15.5	-9.4	32.3
Mar-21	28.5	1.7	10.0	8.0
Jun-21	21.6	-3.4	8.8	11.4
Sep-21	69.4	-6.0	16.6	52.1
Dec-21	41.5	-0.8	3.4	40.2
Mar-22	170.7	5.4	11.4	149.5
Jun-22	43.9	2.6	32.6	15.4
Sep-22	70.7	-4.3	41.0	40.4
Dec-22	14.0	-2.9	2.7	20.5

Private non-financial corporations' demand for credit

["","Total liabilities","Debt securities","Loans","Equities"]

[["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"],[[6.7000000000000002],[-0.10000000000000001],[8.5999999999999996],[21.399999999999999],[21.800000000000001],[6.2999999999999998],[0.5],[30.699999999999999],[6.2999999999999998],[28.199999999999999],[21.199999999999999],[20],[18.100000000000001],[24.300000000000001],[37.100000000000001],[24.300000000000001],[43.200000000000003],[12.199999999999999],[29.899999999999999],[40.5],[32],[45.600000000000001],[39.299999999999997],[47.399999999999999],[37],[34.899999999999999],[13.9],[31.600000000000001],[61.700000000000003],[18.800000000000001],[49],[49],[30.100000000000001],[47.200000000000003],[14.1],[83.400000000000006],[8.0999999999999996],[37.5],[29.100000000000001],[28.399999999999999],[18.699999999999999],[58.399999999999999],[-5.2000000000000002],[13.699999999999999],[11.1],[28.5],[21.600000000000001],[69.400000000000006],[41.5],[170.69999999999999],[43.899999999999999],[70.700000000000003],[14]],[[1.8],[0.80000000000000004],[-1.3],[8.5],[-4.7000000000000002],[3.2999999999999998],[0.59999999999999998],[6.9000000000000004],[7.2000000000000002],[10.199999999999999],[-1.2],[6.7999999999999998],[6],[3.7000000000000002],[-1.8999999999999999],[8.9000000000000004],[1],[-3.7999999999999998],[-5.2999999999999998],[6.0999999999999996],[-7.2999999999999998],[5],[10.6],[-7],[7.2999999999999998],[4.4000000000000004],[-8.8000000000000007],[-7.4000000000000004],[1.3],[-10.199999999999999],[6.7999999999999998],[-3.7999999999999998],[-6.4000000000000004],[3.7000000000000002],[8.0999999999999996],[-0.80000000000000004],[-4.4000000000000004],[-3.1000000000000001],[3.7999999999999998],[-2],[-1.8],[-9],[-1.8999999999999999],[-8.5999999999999996],[-15.5],[1.7],[-3.3999999999999999],[-6],[-0.80000000000000004],[5.4000000000000004],[2.6000000000000001],[-4.2999999999999998],[-2.8999999999999999]],[[-7.2000000000000002],[-9.8000000000000007],[-7.5],[-5.7000000000000002],[-10.300000000000001],[6.0999999999999996],[-6.5],[16.399999999999999],[-1.1000000000000001],[6.9000000000000004],[13.300000000000001],[-2.7000000000000002],[1.3],[11.4],[17.399999999999999],[0.69999999999999996],[16],[3.8999999999999999],[19.5],[8.8000000000000007],[8.5999999999999996],[25.300000000000001],[-1.2],[29.5],[12.6],[16.399999999999999],[2.2999999999999998],[11.5],[12.699999999999999],[3.6000000000000001],[5],[9.6999999999999993],[8.1999999999999993],[16],[-14.5],[35.700000000000003],[7.4000000000000004],[20.199999999999999],[1.5],[10.699999999999999],[2.1000000000000001],[50.600000000000001],[-27.699999999999999],[-6.4000000000000004],[-9.4000000000000004],[10],[8.8000000000000007],[16.600000000000001],[3.3999999999999999],[11.4],[32.600000000000001],[41],[2.7000000000000002]],[[11.300000000000001],[8.0999999999999996],[12.699999999999999],[15.6],[35.100000000000001],[0],[9.5999999999999996],[5.7999999999999998],[-5.9000000000000004],[12.9],[3.8999999999999999],[13.9],[11.699999999999999],[12.6],[23.5],[13.6],[23.800000000000001],[12.699999999999999],[21],[19],[31.300000000000001],[17.899999999999999],[26.5],[19.399999999999999],[18.800000000000001],[13.9],[16.699999999999999],[23.100000000000001],[45.799999999999997],[16.5],[30.5],[33.5],[31],[23.699999999999999],[21.199999999999999],[46.399999999999999],[6.7000000000000002],[23],[28.800000000000001],[12.199999999999999],[23.199999999999999],[12],[31.399999999999999],[24.800000000000001],[32.299999999999997],[8],[11.4],[52.100000000000001],[40.200000000000003],[149.5],[15.4],[40.399999999999999],[20.5]]]

[]

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Private non-financial corporations favoured equity over debt to source funds. This resulted in:

The debt to equity ratio (adjusted for price changes) decreasing to 0.61

Growth in firms' loan borrowings was the weakest since December quarter 2020, as loan borrowings from ADIs slowed and firms repaid loans from ROW. There was also a net maturity of corporate bonds in the December quarter. Firms' equity grew reflecting strength in private non-financial corporations' gross operating surplus resulting in a build up of reinvested earnings.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, December 2001 base	Debt to equity ratio
Dec-02	0.59	0.59
Mar-03	0.59	0.59
Jun-03	0.58	0.57
Sep-03	0.58	0.54
Dec-03	0.57	0.52
Mar-04	0.57	0.50
Jun-04	0.58	0.50
Sep-04	0.59	0.48
Dec-04	0.62	0.48
Mar-05	0.62	0.48
Jun-05	0.70	0.52
Sep-05	0.72	0.50
Dec-05	0.73	0.51
Mar-06	0.75	0.50
Jun-06	0.76	0.52
Sep-06	0.78	0.52
Dec-06	0.81	0.51
Mar-07	0.83	0.50
Jun-07	0.83	0.49
Sep-07	0.87	0.51
Dec-07	0.91	0.54
Mar-08	0.92	0.60
Jun-08	0.94	0.60
Sep-08	0.96	0.69
Dec-08	0.96	0.81
Mar-09	0.92	0.79
Jun-09	0.86	0.70
Sep-09	0.84	0.63
Dec-09	0.82	0.60
Mar-10	0.81	0.60
Jun-10	0.80	0.64
Sep-10	0.79	0.60
Dec-10	0.76	0.55
Mar-11	0.76	0.55
Jun-11	0.75	0.56
Sep-11	0.76	0.63
Dec-11	0.78	0.64
Mar-12	0.78	0.61
Jun-12	0.79	0.65
Sep-12	0.79	0.64
Dec-12	0.79	0.62
Mar-13	0.79	0.61
Jun-13	0.79	0.65
Sep-13	0.79	0.62
Dec-13	0.79	0.63
Mar-14	0.78	0.62
Jun-14	0.77	0.62
Sep-14	0.78	0.63
Dec-14	0.76	0.63
Mar-15	0.77	0.62
Jun-15	0.77	0.64
Sep-15	0.77	0.67
Dec-15	0.78	0.66
Mar-16	0.78	0.65
Jun-16	0.77	0.63
Sep-16	0.77	0.60
Dec-16	0.76	0.60
Mar-17	0.75	0.58
Jun-17	0.75	0.58
Sep-17	0.74	0.58
Dec-17	0.73	0.54
Mar-18	0.73	0.56
Jun-18	0.72	0.53
Sep-18	0.72	0.53
Dec-18	0.72	0.55
Mar-19	0.72	0.52
Jun-19	0.70	0.51
Sep-19	0.71	0.52
Dec-19	0.70	0.50
Mar-20	0.72	0.61
Jun-20	0.69	0.53
Sep-20	0.67	0.51
Dec-20	0.65	0.48
Mar-21	0.66	0.48
Jun-21	0.66	0.46
Sep-21	0.65	0.46
Dec-21	0.64	0.44
Mar-22	0.61	0.42
Jun-22	0.61	0.46
Sep-22	0.62	0.47
Dec-22	0.61	0.45

Private non-financial corporations' debt to equity ratio

["","Debt\u00a0to\u00a0equity\u00a0ratio,\u00a0adjusted\u00a0for\u00a0price\u00a0changes,\u00a0December 2001 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Dec-02","Mar-03","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"],[[0.58999999999999997],[0.58999999999999997],[0.57999999999999996],[0.57999999999999996],[0.56999999999999995],[0.56999999999999995],[0.57999999999999996],[0.58999999999999997],[0.62],[0.62],[0.69999999999999996],[0.71999999999999997],[0.72999999999999998],[0.75],[0.76000000000000001],[0.78000000000000003],[0.81000000000000005],[0.82999999999999996],[0.82999999999999996],[0.87],[0.91000000000000003],[0.92000000000000004],[0.93999999999999995],[0.95999999999999996],[0.95999999999999996],[0.92000000000000004],[0.85999999999999999],[0.83999999999999997],[0.81999999999999995],[0.81000000000000005],[0.80000000000000004],[0.79000000000000004],[0.76000000000000001],[0.76000000000000001],[0.75],[0.76000000000000001],[0.78000000000000003],[0.78000000000000003],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.79000000000000004],[0.78000000000000003],[0.77000000000000002],[0.78000000000000003],[0.76000000000000001],[0.77000000000000002],[0.77000000000000002],[0.77000000000000002],[0.78000000000000003],[0.78000000000000003],[0.77000000000000002],[0.77000000000000002],[0.76000000000000001],[0.75],[0.75],[0.73999999999999999],[0.72999999999999998],[0.72999999999999998],[0.71999999999999997],[0.71999999999999997],[0.71999999999999997],[0.71999999999999997],[0.69999999999999996],[0.70999999999999996],[0.69999999999999996],[0.71999999999999997],[0.68999999999999995],[0.67000000000000004],[0.65000000000000002],[0.66000000000000003],[0.66000000000000003],[0.65000000000000002],[0.64000000000000001],[0.60999999999999999],[0.60999999999999999],[0.62],[0.60999999999999999]],[[0.58999999999999997],[0.58999999999999997],[0.56999999999999995],[0.54000000000000004],[0.52000000000000002],[0.5],[0.5],[0.47999999999999998],[0.47999999999999998],[0.47999999999999998],[0.52000000000000002],[0.5],[0.51000000000000001],[0.5],[0.52000000000000002],[0.52000000000000002],[0.51000000000000001],[0.5],[0.48999999999999999],[0.51000000000000001],[0.54000000000000004],[0.59999999999999998],[0.59999999999999998],[0.68999999999999995],[0.81000000000000005],[0.79000000000000004],[0.69999999999999996],[0.63],[0.59999999999999998],[0.59999999999999998],[0.64000000000000001],[0.59999999999999998],[0.55000000000000004],[0.55000000000000004],[0.56000000000000005],[0.63],[0.64000000000000001],[0.60999999999999999],[0.65000000000000002],[0.64000000000000001],[0.62],[0.60999999999999999],[0.65000000000000002],[0.62],[0.63],[0.62],[0.62],[0.63],[0.63],[0.62],[0.64000000000000001],[0.67000000000000004],[0.66000000000000003],[0.65000000000000002],[0.63],[0.59999999999999998],[0.59999999999999998],[0.57999999999999996],[0.57999999999999996],[0.57999999999999996],[0.54000000000000004],[0.56000000000000005],[0.53000000000000003],[0.53000000000000003],[0.55000000000000004],[0.52000000000000002],[0.51000000000000001],[0.52000000000000002],[0.5],[0.60999999999999999],[0.53000000000000003],[0.51000000000000001],[0.47999999999999998],[0.47999999999999998],[0.46000000000000002],[0.46000000000000002],[0.44],[0.41999999999999998],[0.46000000000000002],[0.46999999999999997],[0.45000000000000001]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Sep-22	Transactions, Dec-22	Other changes, Dec-22	Amounts outstanding, Dec-22
Central bank	663.2	0.9	1.5	665.6
Authorised deposit taking institutions	5,284.7	-83.4	38.9	5,240.2
Other broad money institutions	198.4	0.6	0.1	199.0
Pension funds	2,716.9	12.0	84.7	2,813.6
Life insurance corporations	176.0	-4.6	7.2	178.6
Non-life insurance corporations	271.1	-1.3	4.6	274.4
Money market investment funds	29.0	-1.0	0.0	28.0
Non-money market investment funds	1,083.8	6.3	36.4	1,126.4
Central borrowing authorities	607.4	17.3	1.5	626.2
Securitisers	802.0	-6.0	0.1	796.0
Other financial corporations	115.6	-36.1	34.1	113.6

Financial corporations' liabilities, $b
	Amounts outstanding, Sep-22	Transactions, Dec-22	Other changes, Dec-22	Amounts outstanding, Dec-22
Central bank	664.0	3.0	-0.6	666.4
Authorised deposit taking institutions	5,338.3	-80.0	92.1	5,350.4
Other broad money institutions	158.1	-0.7	-0.2	157.2
Pension funds	2,949.2	13.4	81.8	3,044.5
Life insurance corporations	166.8	-5.1	8.6	170.3
Non-life insurance corporations	284.9	-2.1	6.6	289.4
Money market investment funds	29.0	-0.8	-0.2	28.0
Non-money market investment funds	1,222.4	-0.3	32.5	1,254.6
Central borrowing authorities	595.9	9.4	-0.7	604.5
Securitisers	828.3	-6.1	1.8	824.0
Other financial corporations	229.4	-37.0	33.1	225.4

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit taking institutions' selected financial assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	60.1	5,045.6	-62.8	5,284.7	-83.4	5,240.2
Deposits	-15.5	502.7	22.9	526.0	7.7	533.5
Bonds	57.1	814.0	0.2	811.2	5.1	814.9
	Securitisers	15.5	454.2	-9.6	444.2	-2.8	443.1
	National general government	6.5	76.5	-6.4	69.6	-0.4	68.9
Loans	106.3	2,831.5	76.4	2,912.5	40.7	2,951.3
Other assets	-87.7	897.3	-162.4	1,034.9	-136.9	940.5

Liabilities

Authorised deposit taking institutions' selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	11.8	5,102.6	-84.1	5,338.3	-80.0	5,350.4
Deposits	70.0	2,993.3	58.8	3,061.3	25.1	3,080.1
	Other private non-fin corps	46.4	760.6	-14.6	748.2	-7.8	738.8
	Pension funds	23.7	259.3	-0.8	258.7	3.2	261.8
	Households	4.4	1,432.5	49.9	1,482.8	31.9	1,514.5
Bonds	19.0	462.1	10.4	468.7	17.1	486.8
Shares and equities	-1.5	536.7	2.5	546.7	-2.9	587.9
Other liabilities	-75.7	1,110.6	-155.8	1,261.6	-119.3	1,195.6

Financial assets of ADI’s fell $44.5b, following 8 consecutive quarters of growth in ADI assets. The fall this quarter reflects a $105.1b fall in derivatives, partly offset by continued increases in lending, and exchange settlement account balances. This resulted in a:

$39.9b increase in loans to households
$6.9b increase in loans to other private non-financial corporations
$8.4b increase in deposits with the central bank

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)
Dec-09	10.3	-3.4	-1.4	13.5	-21.5	30.9	-5.4	-4.9
Mar-10	18.0	1.0	-8.3	5.4	-5.5	30.2	-2.4	-0.5
Jun-10	45.4	4.5	-8.4	11.0	17.8	35.6	-15.7	1.6
Sep-10	30.2	-7.2	1.8	6.4	8.4	12.8	9.5	-1.9
Dec-10	9.7	8.1	-3.4	1.4	-14.2	16.3	-1.3	0.3
Mar-11	45.9	5.9	-3.1	1.8	-4.8	53.3	-5.0	0.5
Jun-11	32.3	-3.4	-0.9	18.8	-4.0	30.0	-8.6	0.3
Sep-11	98.1	7.2	0.2	36.7	33.0	31.1	-11.8	1.4
Dec-11	-14.8	-18.8	-4.5	-5.9	-17.2	22.6	9.2	-2.6
Mar-12	13.4	-5.8	5.4	25.7	-9.4	-3.2	-0.2	2.8
Jun-12	66.0	-6.5	1.0	8.6	27.5	36.0	0.5	-0.6
Sep-12	37.4	2.1	-0.8	44.9	3.4	-25.0	10.5	2.2
Dec-12	17.9	-5.7	-0.4	9.3	-19.0	26.7	6.5	-2.4
Mar-13	28.7	1.1	-8.3	10.2	-12.4	26.5	12.0	1.0
Jun-13	79.1	-4.0	-9.6	32.0	36.3	24.6	-1.1	2.1
Sep-13	18.4	-2.2	0.4	21.2	-35.0	26.1	10.3	-2.9
Dec-13	90.0	17.9	-7.7	-4.4	31.5	36.8	8.3	5.1
Mar-14	21.2	-0.1	-9.4	26.3	-22.2	26.8	0.6	1.3
Jun-14	66.4	0.8	5.4	15.8	-3.5	46.3	0.3	1.3
Sep-14	89.0	1.7	-4.2	40.1	44.5	12.7	-5.5	0.1
Dec-14	118.0	-3.5	3.9	48.0	47.6	14.4	6.7	-1.5
Mar-15	149.0	-1.1	0.5	32.6	34.4	61.0	19.8	2.3
Jun-15	-1.1	-3.2	-6.6	-4.3	-52.3	72.6	-8.4	2.7
Sep-15	139.2	3.3	2.2	24.2	72.0	47.7	-12.0	1.5
Dec-15	-12.4	3.6	-2.7	12.5	-64.2	26.3	12.0	-1.6
Mar-16	49.3	-0.2	4.1	5.5	40.8	12.8	-15.0	2.1
Jun-16	76.4	-0.3	-13.9	27.7	25.8	36.7	-1.5	3.0
Sep-16	5.3	-0.7	-6.8	12.7	-36.8	31.2	5.9	-0.7
Dec-16	67.5	1.1	2.1	-7.0	0.4	65.8	7.0	-3.7
Mar-17	-27.1	3.4	-4.9	11.6	-49.7	6.4	4.8	2.6
Jun-17	56.3	0.6	-4.0	-38.7	11.5	92.0	-9.8	5.3
Sep-17	-19.1	-1.9	-0.4	-18.3	-18.3	19.2	2.7	-2.3
Dec-17	20.5	-1.8	-6.5	12.9	12.0	3.1	5.4	-5.9
Mar-18	80.9	11.0	3.3	2.9	18.8	51.7	-10.2	4.3
Jun-18	37.6	-0.6	0.4	-8.7	15.1	29.6	4.7	-1.8
Sep-18	-4.7	2.7	-13.8	3.3	-17.4	18.9	0.2	0.7
Dec-18	58.2	-0.5	5.6	2.9	28.7	28.7	-10.5	1.4
Mar-19	33.8	0.5	-2.2	16.6	7.6	-1.4	8.3	4.7
Jun-19	65.3	1.7	-5.1	22.6	56.3	-12.2	2.5	-0.3
Sep-19	109.8	3.1	-3.8	17.1	55.5	29.8	9.4	-0.8
Dec-19	-38.6	2.7	4.4	-19.1	-52.7	21.8	5.1	-1.9
Mar-20	464.7	78.1	8.1	222.7	251.9	-74.2	-42.4	19.3
Jun-20	-186.8	-24.6	7.3	128.6	-115.6	-155.6	-21.5	-3.2
Sep-20	-70.3	-21.3	-14.3	-30.1	-40.3	16.8	-1.4	20.2
Dec-20	30.1	48.3	-1.6	-78.4	23.4	26.8	17.3	-6.6
Mar-21	5.8	98.7	-15.3	-91.4	-83.6	55.2	35.7	7.3
Jun-21	32.9	133.0	2.3	-135.3	-25.4	29.2	11.6	18.5
Sep-21	126.2	55.1	-4.5	14.1	-9.9	64.9	5.8	0.8
Dec-21	113.2	34.2	9.2	0	-2.8	85.1	3.6	-17.0
Mar-22	153.8	14.8	0.2	62.2	81.1	-13.5	3.4	6.0
Jun-22	314.9	-14.5	15.4	38.3	172.2	112.0	-9.0	0.3
Sep-22	239.1	23.3	6.6	-2.9	151.5	81.0	-15.2	-4.9
Dec-22	-44.5	7.5	0.4	3.7	-105.1	38.8	11.7	-2.2

Change in authorised deposit taking institutions' assets

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

[["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"],[[10.300000000000001],[18],[45.399999999999999],[30.199999999999999],[9.6999999999999993],[45.899999999999999],[32.299999999999997],[98.099999999999994],[-14.800000000000001],[13.4],[66],[37.399999999999999],[17.899999999999999],[28.699999999999999],[79.099999999999994],[18.399999999999999],[90],[21.199999999999999],[66.400000000000006],[89],[118],[149],[-1.1000000000000001],[139.19999999999999],[-12.4],[49.299999999999997],[76.400000000000006],[5.2999999999999998],[67.5],[-27.100000000000001],[56.299999999999997],[-19.100000000000001],[20.5],[80.900000000000006],[37.600000000000001],[-4.7000000000000002],[58.200000000000003],[33.799999999999997],[65.299999999999997],[109.8],[-38.600000000000001],[464.69999999999999],[-186.80000000000001],[-70.299999999999997],[30.100000000000001],[5.7999999999999998],[32.899999999999999],[126.2],[113.2],[153.80000000000001],[314.89999999999998],[239.09999999999999],[-44.5]],[[-3.3999999999999999],[1],[4.5],[-7.2000000000000002],[8.0999999999999996],[5.9000000000000004],[-3.3999999999999999],[7.2000000000000002],[-18.800000000000001],[-5.7999999999999998],[-6.5],[2.1000000000000001],[-5.7000000000000002],[1.1000000000000001],[-4],[-2.2000000000000002],[17.899999999999999],[-0.10000000000000001],[0.80000000000000004],[1.7],[-3.5],[-1.1000000000000001],[-3.2000000000000002],[3.2999999999999998],[3.6000000000000001],[-0.20000000000000001],[-0.29999999999999999],[-0.69999999999999996],[1.1000000000000001],[3.3999999999999999],[0.59999999999999998],[-1.8999999999999999],[-1.8],[11],[-0.59999999999999998],[2.7000000000000002],[-0.5],[0.5],[1.7],[3.1000000000000001],[2.7000000000000002],[78.099999999999994],[-24.600000000000001],[-21.300000000000001],[48.299999999999997],[98.700000000000003],[133],[55.100000000000001],[34.200000000000003],[14.800000000000001],[-14.5],[23.300000000000001],[7.5]],[[-1.3999999999999999],[-8.3000000000000007],[-8.4000000000000004],[1.8],[-3.3999999999999999],[-3.1000000000000001],[-0.90000000000000002],[0.20000000000000001],[-4.5],[5.4000000000000004],[1],[-0.80000000000000004],[-0.40000000000000002],[-8.3000000000000007],[-9.5999999999999996],[0.40000000000000002],[-7.7000000000000002],[-9.4000000000000004],[5.4000000000000004],[-4.2000000000000002],[3.8999999999999999],[0.5],[-6.5999999999999996],[2.2000000000000002],[-2.7000000000000002],[4.0999999999999996],[-13.9],[-6.7999999999999998],[2.1000000000000001],[-4.9000000000000004],[-4],[-0.40000000000000002],[-6.5],[3.2999999999999998],[0.40000000000000002],[-13.800000000000001],[5.5999999999999996],[-2.2000000000000002],[-5.0999999999999996],[-3.7999999999999998],[4.4000000000000004],[8.0999999999999996],[7.2999999999999998],[-14.300000000000001],[-1.6000000000000001],[-15.300000000000001],[2.2999999999999998],[-4.5],[9.1999999999999993],[0.20000000000000001],[15.4],[6.5999999999999996],[0.40000000000000002]],[[13.5],[5.4000000000000004],[11],[6.4000000000000004],[1.3999999999999999],[1.8],[18.800000000000001],[36.700000000000003],[-5.9000000000000004],[25.699999999999999],[8.5999999999999996],[44.899999999999999],[9.3000000000000007],[10.199999999999999],[32],[21.199999999999999],[-4.4000000000000004],[26.300000000000001],[15.800000000000001],[40.100000000000001],[48],[32.600000000000001],[-4.2999999999999998],[24.199999999999999],[12.5],[5.5],[27.699999999999999],[12.699999999999999],[-7],[11.6],[-38.700000000000003],[-18.300000000000001],[12.9],[2.8999999999999999],[-8.6999999999999993],[3.2999999999999998],[2.8999999999999999],[16.600000000000001],[22.600000000000001],[17.100000000000001],[-19.100000000000001],[222.69999999999999],[128.59999999999999],[-30.100000000000001],[-78.400000000000006],[-91.400000000000006],[-135.30000000000001],[14.1],[0],[62.200000000000003],[38.299999999999997],[-2.8999999999999999],[3.7000000000000002]],[[-21.5],[-5.5],[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]],[[30.899999999999999],[30.199999999999999],[35.600000000000001],[12.800000000000001],[16.300000000000001],[53.299999999999997],[30],[31.100000000000001],[22.600000000000001],[-3.2000000000000002],[36],[-25],[26.699999999999999],[26.5],[24.600000000000001],[26.100000000000001],[36.799999999999997],[26.800000000000001],[46.299999999999997],[12.699999999999999],[14.4],[61],[72.599999999999994],[47.700000000000003],[26.300000000000001],[12.800000000000001],[36.700000000000003],[31.199999999999999],[65.799999999999997],[6.4000000000000004],[92],[19.199999999999999],[3.1000000000000001],[51.700000000000003],[29.600000000000001],[18.899999999999999],[28.699999999999999],[-1.3999999999999999],[-12.199999999999999],[29.800000000000001],[21.800000000000001],[-74.200000000000003],[-155.59999999999999],[16.800000000000001],[26.800000000000001],[55.200000000000003],[29.199999999999999],[64.900000000000006],[85.099999999999994],[-13.5],[112],[81],[38.799999999999997]],[[-5.4000000000000004],[-2.3999999999999999],[-15.699999999999999],[9.5],[-1.3],[-5],[-8.5999999999999996],[-11.800000000000001],[9.1999999999999993],[-0.20000000000000001],[0.5],[10.5],[6.5],[12],[-1.1000000000000001],[10.300000000000001],[8.3000000000000007],[0.59999999999999998],[0.29999999999999999],[-5.5],[6.7000000000000002],[19.800000000000001],[-8.4000000000000004],[-12],[12],[-15],[-1.5],[5.9000000000000004],[7],[4.7999999999999998],[-9.8000000000000007],[2.7000000000000002],[5.4000000000000004],[-10.199999999999999],[4.7000000000000002],[0.20000000000000001],[-10.5],[8.3000000000000007],[2.5],[9.4000000000000004],[5.0999999999999996],[-42.399999999999999],[-21.5],[-1.3999999999999999],[17.300000000000001],[35.700000000000003],[11.6],[5.7999999999999998],[3.6000000000000001],[3.3999999999999999],[-9],[-15.199999999999999],[11.699999999999999]],[[-4.9000000000000004],[-0.5],[1.6000000000000001],[-1.8999999999999999],[0.29999999999999999],[0.5],[0.29999999999999999],[1.3999999999999999],[-2.6000000000000001],[2.7999999999999998],[-0.59999999999999998],[2.2000000000000002],[-2.3999999999999999],[1],[2.1000000000000001],[-2.8999999999999999],[5.0999999999999996],[1.3],[1.3],[0.10000000000000001],[-1.5],[2.2999999999999998],[2.7000000000000002],[1.5],[-1.6000000000000001],[2.1000000000000001],[3],[-0.69999999999999996],[-3.7000000000000002],[2.6000000000000001],[5.2999999999999998],[-2.2999999999999998],[-5.9000000000000004],[4.2999999999999998],[-1.8],[0.69999999999999996],[1.3999999999999999],[4.7000000000000002],[-0.29999999999999999],[-0.80000000000000004],[-1.8999999999999999],[19.300000000000001],[-3.2000000000000002],[20.199999999999999],[-6.5999999999999996],[7.2999999999999998],[18.5],[0.80000000000000004],[-17],[6],[0.29999999999999999],[-4.9000000000000004],[-2.2000000000000002]]]

[]

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Liabilities of ADI's grew $12.1b. Falls in derivatives were offset by a:

$41.2b increase in equity as a result of increases in the value of equity of listed banks
$39.1b increase in debt securities
$18.9b increase in deposits

ADIs' funding from debt-securities (transactions) grew $41.0b, with a:

$13.4b increase in one name paper issued in Australia
$11.5b increase in bonds issued in Australia
$10.8b increase in one name paper issued offshore

The strong debt security issuance this quarter reflects ADIs returning to traditional pre-COVID-19 pandemic funding avenues.

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)
Dec-09	14.5	6.7	-2.3	40.6	-32	5.5	-4.1	0.2
Mar-10	24.2	14	-3.6	2.3	8.7	-14.9	18.5	-0.9
Jun-10	6.9	40.4	3.2	13.1	8.7	-4.9	-53.5	-0.1
Sep-10	35	49.2	-29.4	-13	17.7	-13.1	23.8	-0.2
Dec-10	-2.1	26.6	11	-18.4	-17	1.9	-5	-1.3
Mar-11	37.3	38.5	6	-5.9	-6.2	-2.8	6.6	0.9
Jun-11	-0.7	23.8	-5.6	-4.2	-5.2	5.4	-14.8	-0.1
Sep-11	74.4	63	8	24	3.5	6.5	-31	0.3
Dec-11	-18.1	-1.3	3.9	-22.7	4.2	-14.4	13	-0.8
Mar-12	27.3	2.3	6.3	4	-8.8	2.7	19.4	1.5
Jun-12	56.9	52.5	-5	-2.7	22.6	-5.1	-5.1	-0.3
Sep-12	61	47.9	-20.6	6.3	-4.8	0.4	30.6	1.2
Dec-12	30.7	31.7	9.5	-16.4	-10.5	-3.3	19.1	0.7
Mar-13	43.1	1.2	6.6	-10	-5.8	0.7	50	0.5
Jun-13	92.6	14.1	31	14.2	31.9	1.7	-3.8	3.4
Sep-13	55	50.7	-17.9	6	-18.1	0.5	33	0.8
Dec-13	100.2	40.5	1.8	14.9	17.1	4.9	21.6	-0.7
Mar-14	36.7	15.4	13.7	-5.1	-3.8	0.6	13.4	2.6
Jun-14	59.1	34.4	18.3	2.7	1.3	1.2	0.7	0.6
Sep-14	70.9	37.3	-5.8	15.7	37.7	9	-22.3	-0.7
Dec-14	146.1	37.9	20.1	18.3	44.1	-6.7	31.4	1.1
Mar-15	176.2	42.5	11.2	11.1	40.2	1.1	65.7	4.2
Jun-15	-72.8	7.6	9.6	10.2	-55.8	2.9	-49.2	1.8
Sep-15	111.7	65.9	-2.4	29.1	52.1	7	-39.6	-0.4
Dec-15	52	22.9	5.8	0.8	-32	5.3	49.2	-0.1
Mar-16	-8.8	9.8	-18.7	0.1	55.5	0.9	-58.4	2.1
Jun-16	77.2	50.5	0.1	13.5	14.1	-2	-0.7	1.7
Sep-16	1.8	42.5	-11.2	-12.5	-33.7	-4.1	20.5	0.4
Dec-16	119.3	67.8	14.1	-7.2	-4.5	3.7	48.5	-3.2
Mar-17	-23.7	1.4	1.1	-15.6	-32.9	-3.7	26.8	-0.8
Jun-17	35.2	34.6	17.1	3.2	11.9	4.8	-38.7	2.3
Sep-17	-15.9	0.3	11.4	0.6	-28	-3.1	2.5	0.5
Dec-17	45.5	33.7	-13.3	6.3	11.5	6.6	4.8	-4.2
Mar-18	35.5	10.2	11.3	25.7	6.6	4.6	-29.3	6.4
Jun-18	54.1	13.7	3.4	8.8	18.7	-0.3	13.6	-3.6
Sep-18	12.5	32.8	-29.3	14.5	-9.1	5	-6	4.6
Dec-18	10.3	1.8	22.6	4.6	20.6	-1.3	-33.2	-4.8
Mar-19	41.5	7.9	-1.5	-9.3	13.9	12.2	12.5	5.8
Jun-19	124.5	23.1	-24.3	12.5	58.6	8.9	39.9	5.9
Sep-19	121.2	52.5	-6.3	6.4	52.7	8.4	12.5	-5.1
Dec-19	-89.4	1.7	22.4	-27.3	-38.3	-1	-41.2	-5.7
Mar-20	327.5	164.7	-15	45.9	205.9	37.2	-131.1	19.9
Jun-20	-99.9	24.9	-23.8	-49.1	-70	-20.3	44.7	-6.3
Sep-20	-74	68.6	-27.1	-28.2	-54.9	-12.8	-20.2	0.6
Dec-20	102.2	-11.2	16.9	-14.8	35.8	-1.4	85	-8.1
Mar-21	0.7	50.5	17.5	-28.8	-99.6	-4.9	60.2	5.7
Jun-21	55.2	44.6	6.1	5.4	-29.7	-0.9	32.1	-2.4
Sep-21	131.5	92.7	22.2	-8.6	-11.9	1.7	24.9	10.4
Dec-21	102.2	74.9	48.2	-0.7	1.3	9.7	-17.2	-14
Mar-22	160.6	43.7	-12.2	-1.6	95.3	3.3	22.1	9.9
Jun-22	205.5	81	32.9	20.3	152.6	11.2	-93.6	1.2
Sep-22	235.7	68	-3.2	6.7	151.8	5.2	10	-2.9
Dec-22	12.1	18.9	21.1	18	-73.6	-6.5	41.2	-7.1

Change in authorised deposit taking institutions' liabilities

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

[["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"],[[14.5],[24.199999999999999],[6.9000000000000004],[35],[-2.1000000000000001],[37.299999999999997],[-0.69999999999999996],[74.400000000000006],[-18.100000000000001],[27.300000000000001],[56.899999999999999],[61],[30.699999999999999],[43.100000000000001],[92.599999999999994],[55],[100.2],[36.700000000000003],[59.100000000000001],[70.900000000000006],[146.09999999999999],[176.19999999999999],[-72.799999999999997],[111.7],[52],[-8.8000000000000007],[77.200000000000003],[1.8],[119.3],[-23.699999999999999],[35.200000000000003],[-15.9],[45.5],[35.5],[54.100000000000001],[12.5],[10.300000000000001],[41.5],[124.5],[121.2],[-89.400000000000006],[327.5],[-99.900000000000006],[-74],[102.2],[0.69999999999999996],[55.200000000000003],[131.5],[102.2],[160.59999999999999],[205.5],[235.69999999999999],[12.1]],[[6.7000000000000002],[14],[40.399999999999999],[49.200000000000003],[26.600000000000001],[38.5],[23.800000000000001],[63],[-1.3],[2.2999999999999998],[52.5],[47.899999999999999],[31.699999999999999],[1.2],[14.1],[50.700000000000003],[40.5],[15.4],[34.399999999999999],[37.299999999999997],[37.899999999999999],[42.5],[7.5999999999999996],[65.900000000000006],[22.899999999999999],[9.8000000000000007],[50.5],[42.5],[67.799999999999997],[1.3999999999999999],[34.600000000000001],[0.29999999999999999],[33.700000000000003],[10.199999999999999],[13.699999999999999],[32.799999999999997],[1.8],[7.9000000000000004],[23.100000000000001],[52.5],[1.7],[164.69999999999999],[24.899999999999999],[68.599999999999994],[-11.199999999999999],[50.5],[44.600000000000001],[92.700000000000003],[74.900000000000006],[43.700000000000003],[81],[68],[18.899999999999999]],[[-2.2999999999999998],[-3.6000000000000001],[3.2000000000000002],[-29.399999999999999],[11],[6],[-5.5999999999999996],[8],[3.8999999999999999],[6.2999999999999998],[-5],[-20.600000000000001],[9.5],[6.5999999999999996],[31],[-17.899999999999999],[1.8],[13.699999999999999],[18.300000000000001],[-5.7999999999999998],[20.100000000000001],[11.199999999999999],[9.5999999999999996],[-2.3999999999999999],[5.7999999999999998],[-18.699999999999999],[0.10000000000000001],[-11.199999999999999],[14.1],[1.1000000000000001],[17.100000000000001],[11.4],[-13.300000000000001],[11.300000000000001],[3.3999999999999999],[-29.300000000000001],[22.600000000000001],[-1.5],[-24.300000000000001],[-6.2999999999999998],[22.399999999999999],[-15],[-23.800000000000001],[-27.100000000000001],[16.899999999999999],[17.5],[6.0999999999999996],[22.199999999999999],[48.200000000000003],[-12.199999999999999],[32.899999999999999],[-3.2000000000000002],[21.100000000000001]],[[40.600000000000001],[2.2999999999999998],[13.1],[-13],[-18.399999999999999],[-5.9000000000000004],[-4.2000000000000002],[24],[-22.699999999999999],[4],[-2.7000000000000002],[6.2999999999999998],[-16.399999999999999],[-10],[14.199999999999999],[6],[14.9],[-5.0999999999999996],[2.7000000000000002],[15.699999999999999],[18.300000000000001],[11.1],[10.199999999999999],[29.100000000000001],[0.80000000000000004],[0.10000000000000001],[13.5],[-12.5],[-7.2000000000000002],[-15.6],[3.2000000000000002],[0.59999999999999998],[6.2999999999999998],[25.699999999999999],[8.8000000000000007],[14.5],[4.5999999999999996],[-9.3000000000000007],[12.5],[6.4000000000000004],[-27.300000000000001],[45.899999999999999],[-49.100000000000001],[-28.199999999999999],[-14.800000000000001],[-28.800000000000001],[5.4000000000000004],[-8.5999999999999996],[-0.69999999999999996],[-1.6000000000000001],[20.300000000000001],[6.7000000000000002],[18]],[[-32],[8.6999999999999993],[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],[-29.699999999999999],[-11.9],[1.3],[95.299999999999997],[152.59999999999999],[151.80000000000001],[-73.599999999999994]],[[5.5],[-14.9],[-4.9000000000000004],[-13.1],[1.8999999999999999],[-2.7999999999999998],[5.4000000000000004],[6.5],[-14.4],[2.7000000000000002],[-5.0999999999999996],[0.40000000000000002],[-3.2999999999999998],[0.69999999999999996],[1.7],[0.5],[4.9000000000000004],[0.59999999999999998],[1.2],[9],[-6.7000000000000002],[1.1000000000000001],[2.8999999999999999],[7],[5.2999999999999998],[0.90000000000000002],[-2],[-4.0999999999999996],[3.7000000000000002],[-3.7000000000000002],[4.7999999999999998],[-3.1000000000000001],[6.5999999999999996],[4.5999999999999996],[-0.29999999999999999],[5],[-1.3],[12.199999999999999],[8.9000000000000004],[8.4000000000000004],[-1],[37.200000000000003],[-20.300000000000001],[-12.800000000000001],[-1.3999999999999999],[-4.9000000000000004],[-0.90000000000000002],[1.7],[9.6999999999999993],[3.2999999999999998],[11.199999999999999],[5.2000000000000002],[-6.5]],[[-4.0999999999999996],[18.5],[-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],[-131.09999999999999],[44.700000000000003],[-20.199999999999999],[85],[60.200000000000003],[32.100000000000001],[24.899999999999999],[-17.199999999999999],[22.100000000000001],[-93.599999999999994],[10],[41.200000000000003]],[[0.20000000000000001],[-0.90000000000000002],[-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],[-14],[9.9000000000000004],[1.2],[-2.8999999999999999],[-7.0999999999999996]]]

[]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	28.8	2,707.8	19.4	2,716.9	12.0	2,813.6
Deposits	23.9	270.9	-1.2	270.4	3.7	273.6
Debt securities	11.5	186.0	8.6	194.7	2.8	194.2
Shares and equity	-3.3	2,186.8	19.3	2,188.6	9.1	2,280.9
	Other private non-fin corps	6.1	390.7	9.6	403.0	-0.1	429.4
	Non-money market investment funds	-6.7	870.1	4.9	860.8	5.6	892.3
	Rest of world	-7.0	472.1	2.9	472.3	4.4	484.1
Net equity in life offices	1.7	14.9	-0.3	14.5	-0.8	14.4
Other assets	-4.9	49.2	-7.0	48.7	-2.7	50.4

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	30.2	2,944.3	18.5	2,949.2	13.4	3,044.5
Net equity in reserves	37.3	2,881.7	22.2	2,873.3	24.0	2,994.1
	Households	37.1	2,877.6	22.0	2,869.2	23.8	2,989.5
Other liabilities	-7.1	62.6	-3.7	75.9	-10.6	50.4

Total financial assets of pension (superannuation) funds increased 3.6% ($96.7b), with a:

$92.4b increase in shares and other equity.
$3.2b increase in deposits
$1.3b decrease in bonds

Pension funds acquired $11.3b in shares and other equity and $1.9b in bonds. Valuation gains of $83.3b on their equity assets were driven by favourable movements in equity markets domestically and overseas. Gains were offset by holding losses on bonds assets due to increased bond yields offshore and appreciation of the AUD against the USD.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Dec-09	1,139.1	25.4	13.8
Mar-10	1,165	8.4	17.5
Jun-10	1,103.9	-77.2	16.1
Sep-10	1,146.3	33.2	9.1
Dec-10	1,190.9	29.3	15.4
Mar-11	1,218.2	10.1	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	29.2	24.6
Mar-14	1,544.3	14.9	20.8
Jun-14	1,575.8	-0.5	32.1
Sep-14	1,611.6	11.8	24.0
Dec-14	1,665.8	32.3	21.8
Mar-15	1,762.5	79.9	16.8
Jun-15	1,745	-52.6	35.1
Sep-15	1,719	-45.4	19.4
Dec-15	1,775.1	39.6	16.5
Mar-16	1,748.7	-33.8	7.4
Jun-16	1,821.6	42.6	30.3
Sep-16	1,895.5	61.4	12.5
Dec-16	1,947.7	32.9	19.4
Mar-17	2,001.8	35.0	19.0
Jun-17	2,050.6	9.4	39.5
Sep-17	2,064.4	2.9	10.9
Dec-17	2,158.1	72.9	20.9
Mar-18	2,143.7	-29.5	15.1
Jun-18	2,217.9	50.4	23.8
Sep-18	2,263.3	33.0	12.4
Dec-18	2,150.2	-127.6	14.6
Mar-19	2,281.1	116.3	14.7
Jun-19	2,382.9	74.7	27.1
Sep-19	2,444.6	48.8	12.9
Dec-19	2,498.6	30.0	23.9
Mar-20	2,242.1	-270.1	13.6
Jun-20	2,382.6	131.3	9.2
Sep-20	2,414	24.9	6.6
Dec-20	2,576.7	145.5	17.2
Mar-21	2,647.5	49.7	21.1
Jun-21	2,807.9	124.4	36.0
Sep-21	2,861.9	37.7	16.3
Dec-21	2,936.1	57.9	16.3
Mar-22	2,881.1	-73.5	18.5
Jun-22	2,707.8	-202.1	28.8
Sep-22	2,716.9	-10.3	19.4
Dec-22	2,813.6	84.7	12.0

Pension funds' financial assets

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

[["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"],[[1139.0999999999999],[1165],[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],[2444.5999999999999],[2498.5999999999999],[2242.0999999999999],[2382.5999999999999],[2414],[2576.6999999999998],[2647.5],[2807.9000000000001],[2861.9000000000001],[2936.0999999999999],[2881.0999999999999],[2707.8000000000002],[2716.9000000000001],[2813.5999999999999]],[[25.399999999999999],[8.4000000000000004],[-77.200000000000003],[33.200000000000003],[29.300000000000001],[10.1],[-34.799999999999997],[-83.400000000000006],[-3.2999999999999998],[41.799999999999997],[-37.700000000000003],[30.699999999999999],[34.200000000000003],[43.799999999999997],[-20.600000000000001],[62.5],[29.199999999999999],[14.9],[-0.5],[11.800000000000001],[32.299999999999997],[79.900000000000006],[-52.600000000000001],[-45.399999999999999],[39.600000000000001],[-33.799999999999997],[42.600000000000001],[61.399999999999999],[32.899999999999999],[35],[9.4000000000000004],[2.8999999999999999],[72.900000000000006],[-29.5],[50.399999999999999],[33],[-127.59999999999999],[116.3],[74.700000000000003],[48.799999999999997],[30],[-270.10000000000002],[131.30000000000001],[24.899999999999999],[145.5],[49.700000000000003],[124.40000000000001],[37.700000000000003],[57.899999999999999],[-73.5],[-202.09999999999999],[-10.300000000000001],[84.700000000000003]],[[13.800000000000001],[17.5],[16.100000000000001],[9.0999999999999996],[15.4],[17.100000000000001],[25.699999999999999],[11.1],[13.1],[18.699999999999999],[33.100000000000001],[14.1],[16.699999999999999],[19.100000000000001],[38.200000000000003],[13.5],[24.600000000000001],[20.800000000000001],[32.100000000000001],[24],[21.800000000000001],[16.800000000000001],[35.100000000000001],[19.399999999999999],[16.5],[7.4000000000000004],[30.300000000000001],[12.5],[19.399999999999999],[19],[39.5],[10.9],[20.899999999999999],[15.1],[23.800000000000001],[12.4],[14.6],[14.699999999999999],[27.100000000000001],[12.9],[23.899999999999999],[13.6],[9.1999999999999993],[6.5999999999999996],[17.199999999999999],[21.100000000000001],[36],[16.300000000000001],[16.300000000000001],[18.5],[28.800000000000001],[19.399999999999999],[12]]]

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Government

National general government financial assets

National general government selected assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	24.3	684.8	-24.4	660.2	-4.4	650.8
Deposits	32.9	135.2	-22.5	112.7	-7.4	103.3
	Central bank	34.0	102.0	-23.3	78.7	-6.2	72.5
	Authorised deposit taking institutions	-1.0	25.1	1.1	26.2	-2.1	24.1
One name paper	-7.3	35.9	0.8	36.8	-0.7	36.3
Shares and equity	4.7	178.2	0.6	176.7	2.3	176.6
Other assets	-6.0	335.6	-3.3	334.0	1.3	334.6

National general government liabilities

National general government selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	28.0	1,272.1	-4.0	1,268.2	-1.9	1,260.6
One name paper	1.0	30.0	-1.3	28.7	-0.2	28.5
Bonds	25.5	832.8	-7.2	818.3	3.1	817.0
	Central bank	3.7	273.2	-4.7	266.4	-2.0	262.8
	Authorised deposit taking institutions	6.5	76.5	-6.4	69.6	-0.4	68.9
	Rest of world	12.5	377.3	4.9	378.1	10.8	386.3
Other liabilities	1.6	409.3	4.5	421.2	-4.9	415.1

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total assets	7.7	654.3	8.5	683.3	-7.8	680.9
Deposits	1.4	91.2	15.9	107.1	-6.3	100.8
Loans and placements	5.7	68.1	0.6	68.7	-0.5	68.2
Shares and equity	1.6	465.2	-7.5	478.4	-0.9	482.5
	State and local PNFCs	0.0	323.9	-9.8	329.4	0.0	329.7
	Other private non-fin corps	0.4	38.2	1.7	39.8	-0.3	40.0
Other assets	-1.0	29.8	-0.5	29.2	0.0	29.4

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Jun-22	Amounts outstanding, Jun-22	Transactions, Sep-22	Amounts outstanding, Sep-22	Transactions, Dec-22	Amounts outstanding, Dec-22
Total liabilities	19.4	552.0	21.4	575.1	10.2	583.1
Loans and placements	18.5	353.8	19.7	373.5	8.2	381.8
	Central borrowing authorities	13.4	326.0	16.4	342.4	11.9	354.3
Unfunded superannuation claims	1.0	123.1	0.8	116.1	0.7	114.4
Other liabilities	-0.1	75.0	0.8	85.5	1.4	86.9

General government

General government (national, and state and local) were net borrowers of $20.5b, mainly driven by a:

$13.8b decrease in deposit assets
$8.2b increase in loan liabilities

National general government net bond transactions were $3.1b. The total value of national government bonds outstanding ($817.0b) continued to fall, although at a subdued rate as softening bond yields reduced negative valuation impacts on government securities. Loan liabilities of state and local governments continued to grow, although at a softer rate than recent quarters.

Overall, general government deposit assets decreased $15.8b, with -$13.8b in transactions and -$2.0b in revaluations. The fall was driven by a $9.4b reduction in national general government deposits, largely attributable to a fall in deposits with the central bank, which were used to fund bond and note maturities during the quarter. State and local government deposit assets also fell by $6.3b, following a strong increase last quarter.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Dec-09	-18.9	-3.2	-10.5	-11.9	-1.1	7.8
Mar-10	-13.8	2.8	-1.8	-10.8	-3.5	-0.5
Jun-10	-11.2	6.0	-2.3	-16.1	-1.2	2.5
Sep-10	-25.1	-5.8	-8.7	-6.5	-5.5	1.4
Dec-10	-15.2	-2.5	0.2	-11.6	4.9	-6.2
Mar-11	-17.3	2.0	0.3	-12.5	-4.5	-2.6
Jun-11	-20.2	8.0	1.2	-10.4	-7.6	-11.3
Sep-11	-30.5	-3.5	-0.3	-21.4	-13.9	8.5
Dec-11	-14.7	11.3	0.9	-22.0	-2.1	-2.9
Mar-12	-11.2	3.4	-1.7	-13.9	1.7	-0.8
Jun-12	-32.2	-7.4	1.4	-4.9	-7.3	-14.0
Sep-12	-26.2	9.3	-3.5	-15.2	-17.4	0.6
Dec-12	-11.1	2.9	-5.3	-10.8	7.5	-5.4
Mar-13	-17.3	0.5	1.8	-13.3	-3.7	-2.5
Jun-13	-11.3	1.0	14.3	-8.7	3.5	-21.4
Sep-13	-21.1	6.0	-1.5	-24.7	-12.2	11.3
Dec-13	-9.0	5.6	-0.4	-16.4	1.8	0.4
Mar-14	-11.7	13.5	8.6	-27.8	-3.3	-2.8
Jun-14	-12.2	-8.4	-3.3	-4.6	-1.2	5.3
Sep-14	-18.7	6.5	-1.7	-18.4	-4.2	-0.9
Dec-14	-13.8	0.4	-1.1	-10.9	-0.4	-1.8
Mar-15	-4.8	12.2	3.5	-16.0	-1.2	-3.4
Jun-15	-4.4	-5.1	-0.2	-7.2	5.8	2.3
Sep-15	-16.3	1.9	-1.9	-26.2	-2.7	12.5
Dec-15	-5.4	-7.0	5.8	-7.6	8.5	-5.1
Mar-16	-10.3	9.3	1.7	-22.1	0	0.8
Jun-16	-7.9	1.1	0.5	-4.8	-2.3	-2.4
Sep-16	-21.8	-3.1	3.7	-24.0	-0.3	1.9
Dec-16	-19.4	11.5	0.8	-23.7	9.4	-17.3
Mar-17	2.3	7.9	0.5	-20.7	2.3	12.2
Jun-17	-12.3	15.7	6.9	-19.8	0.1	-15.2
Sep-17	-17.8	-24.2	0.5	-0.9	-3.0	9.8
Dec-17	-3.0	8.6	-5.6	-14.7	1.3	7.4
Mar-18	-0.3	-1.0	-2.2	-5.1	2.3	5.7
Jun-18	-0.4	5.0	6.2	-11.3	6.2	-6.6
Sep-18	-17.1	-3.3	-0.3	-1.6	-1.8	-10.1
Dec-18	-9.3	-18.2	2.0	-2.3	-3.1	12.3
Mar-19	-0.7	-1.4	1.6	3.7	0.4	-5.1
Jun-19	-10.9	6.6	0.1	-10.5	-2.5	-4.7
Sep-19	-24.2	0.3	-1.3	-13.7	-8.5	-1.0
Dec-19	-15.4	-7.7	-4.0	0.9	-6.4	1.8
Mar-20	-15.6	21.2	-16.3	-15.6	-12.9	8.1
Jun-20	-91.2	46.9	-25.8	-71.0	-26.5	-14.8
Sep-20	-116.1	42.4	0.1	-117.2	-31.1	-10.4
Dec-20	-50.6	-32.3	16.5	-23.0	-21.9	10.2
Mar-21	-20.2	-15.0	14.0	-21.9	-0.6	3.3
Jun-21	-17.0	1.1	4.6	-5.7	1.1	-18.2
Sep-21	-48.2	10.1	0	-23.9	-27.0	-7.4
Dec-21	-28.8	9.0	-5.2	-8.4	-5.8	-18.4
Mar-22	-4.6	3.6	3.5	-18.2	1.2	5.3
Jun-22	-15.4	34.3	-8.6	-26.1	-13.1	-2.0
Sep-22	-33.4	-6.6	1.3	5.4	-20.2	-13.2
Dec-22	-20.5	-13.8	-0.6	-4.5	-8.3	6.7

General government's change in financial position

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

[["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"],[[-18.899999999999999],[-13.800000000000001],[-11.199999999999999],[-25.100000000000001],[-15.199999999999999],[-17.300000000000001],[-20.199999999999999],[-30.5],[-14.699999999999999],[-11.199999999999999],[-32.200000000000003],[-26.199999999999999],[-11.1],[-17.300000000000001],[-11.300000000000001],[-21.100000000000001],[-9],[-11.699999999999999],[-12.199999999999999],[-18.699999999999999],[-13.800000000000001],[-4.7999999999999998],[-4.4000000000000004],[-16.300000000000001],[-5.4000000000000004],[-10.300000000000001],[-7.9000000000000004],[-21.800000000000001],[-19.399999999999999],[2.2999999999999998],[-12.300000000000001],[-17.800000000000001],[-3],[-0.29999999999999999],[-0.40000000000000002],[-17.100000000000001],[-9.3000000000000007],[-0.69999999999999996],[-10.9],[-24.199999999999999],[-15.4],[-15.6],[-91.200000000000003],[-116.09999999999999],[-50.600000000000001],[-20.199999999999999],[-17],[-48.200000000000003],[-28.800000000000001],[-4.5999999999999996],[-15.4],[-33.399999999999999],[-20.5]],[[-3.2000000000000002],[2.7999999999999998],[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],[21.199999999999999],[46.899999999999999],[42.399999999999999],[-32.299999999999997],[-15],[1.1000000000000001],[10.1],[9],[3.6000000000000001],[34.299999999999997],[-6.5999999999999996],[-13.800000000000001]],[[-10.5],[-1.8],[-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],[-0.59999999999999998]],[[-11.9],[-10.800000000000001],[-16.100000000000001],[-6.5],[-11.6],[-12.5],[-10.4],[-21.399999999999999],[-22],[-13.9],[-4.9000000000000004],[-15.199999999999999],[-10.800000000000001],[-13.300000000000001],[-8.6999999999999993],[-24.699999999999999],[-16.399999999999999],[-27.800000000000001],[-4.5999999999999996],[-18.399999999999999],[-10.9],[-16],[-7.2000000000000002],[-26.199999999999999],[-7.5999999999999996],[-22.100000000000001],[-4.7999999999999998],[-24],[-23.699999999999999],[-20.699999999999999],[-19.800000000000001],[-0.90000000000000002],[-14.699999999999999],[-5.0999999999999996],[-11.300000000000001],[-1.6000000000000001],[-2.2999999999999998],[3.7000000000000002],[-10.5],[-13.699999999999999],[0.90000000000000002],[-15.6],[-71],[-117.2],[-23],[-21.899999999999999],[-5.7000000000000002],[-23.899999999999999],[-8.4000000000000004],[-18.199999999999999],[-26.100000000000001],[5.4000000000000004],[-4.5]],[[-1.1000000000000001],[-3.5],[-1.2],[-5.5],[4.9000000000000004],[-4.5],[-7.5999999999999996],[-13.9],[-2.1000000000000001],[1.7],[-7.2999999999999998],[-17.399999999999999],[7.5],[-3.7000000000000002],[3.5],[-12.199999999999999],[1.8],[-3.2999999999999998],[-1.2],[-4.2000000000000002],[-0.40000000000000002],[-1.2],[5.7999999999999998],[-2.7000000000000002],[8.5],[0],[-2.2999999999999998],[-0.29999999999999999],[9.4000000000000004],[2.2999999999999998],[0.10000000000000001],[-3],[1.3],[2.2999999999999998],[6.2000000000000002],[-1.8],[-3.1000000000000001],[0.40000000000000002],[-2.5],[-8.5],[-6.4000000000000004],[-12.9],[-26.5],[-31.100000000000001],[-21.899999999999999],[-0.59999999999999998],[1.1000000000000001],[-27],[-5.7999999999999998],[1.2],[-13.1],[-20.199999999999999],[-8.3000000000000007]],[[7.7999999999999998],[-0.5],[2.5],[1.3999999999999999],[-6.2000000000000002],[-2.6000000000000001],[-11.300000000000001],[8.5],[-2.8999999999999999],[-0.80000000000000004],[-14],[0.59999999999999998],[-5.4000000000000004],[-2.5],[-21.399999999999999],[11.300000000000001],[0.40000000000000002],[-2.7999999999999998],[5.2999999999999998],[-0.90000000000000002],[-1.8],[-3.3999999999999999],[2.2999999999999998],[12.5],[-5.0999999999999996],[0.80000000000000004],[-2.3999999999999999],[1.8999999999999999],[-17.300000000000001],[12.199999999999999],[-15.199999999999999],[9.8000000000000007],[7.4000000000000004],[5.7000000000000002],[-6.5999999999999996],[-10.1],[12.300000000000001],[-5.0999999999999996],[-4.7000000000000002],[-1],[1.8],[8.0999999999999996],[-14.800000000000001],[-10.4],[10.199999999999999],[3.2999999999999998],[-18.199999999999999],[-7.4000000000000004],[-18.399999999999999],[5.2999999999999998],[-2],[-13.199999999999999],[6.7000000000000002]]]

[]

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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 rose $13.4b to $13.9b this quarter.
This was driven by a:

$8.1b increase in national net saving
$3.6b decrease in change in inventories

And partially offset by a:

$0.8b increase in gross fixed capital formation

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
Dec-65	-3.7
Mar-66	-2.8
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	-2.9
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	-3.1
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	-2.6
Dec-17	-3.3
Mar-18	-2.6
Jun-18	-2.9
Sep-18	-2.1
Dec-18	-1.3
Mar-19	-1.0
Jun-19	0.4
Sep-19	1.4
Dec-19	0.4
Mar-20	0.9
Jun-20	2.8
Sep-20	2.1
Dec-20	2.8
Mar-21	3.7
Jun-21	3.1
Sep-21	4.1
Dec-21	1.3
Mar-22	0.5
Jun-22	1.8
Sep-22	0.1
Dec-22	2.2

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 borrowing as a proportion of GDP increased this quarter driven by a rise in net savings.

Financial corporations' net lending increased by $5.1b to $15.0b
Non-financial corporations' net borrowing increased by $1.0b to $6.6b
General government net borrowing decreased by $9.6b to $7.0b
Households' net lending decreased by $8.9b to $4.6b

Notable drivers were:

Financial corporations' net lending was driven by increases in net saving and net capital transfers
Non-financial corporations' net borrowing was driven by increases in gross fixed capital formation, and acquisitions less disposable of non-produced non-financial assets
General government net borrowing was driven by a strong increase in net savings, and a fall in acquisitions less disposable of non-produced non-financial assets
Households' net lending was driven by a decrease in net savings, and an increase in change in inventories

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Dec-09	-7.3	6.3	-20.0	3.4
Mar-10	-9.1	6.4	-21.8	5.5
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	10.8
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	13.1
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	-22.7	5.7	-7.2	10.4
Sep-15	-25.3	7.8	-7.1	6.8
Dec-15	-25.1	9.4	-7.1	3.2
Mar-16	-21.8	8.2	-11.1	2.9
Jun-16	-20.4	9.4	-11.8	3.8
Sep-16	-17.7	9.0	-10.8	3.2
Dec-16	-10.7	7.8	-5.8	1.5
Mar-17	-9.6	5.5	-3.0	1.7
Jun-17	-10.7	8.4	-8.5	0.5
Sep-17	-15.2	8.3	-5.3	0.1
Dec-17	-15.6	6.2	-6.7	3.0
Mar-18	-15.2	8.2	-6.2	1.8
Jun-18	-20.5	7.8	-5.0	0.6
Sep-18	-15.9	6.0	-5.0	2.4
Dec-18	-14.8	6.9	-7.6	6.4
Mar-19	-10.5	7.0	-8.1	9.7
Jun-19	-6.0	7.9	-6.3	8.3
Sep-19	-6.4	5.3	-11.5	16.1
Dec-19	-8.5	5.1	-11.9	13.8
Mar-20	-3.3	3.4	-15.3	22.4
Jun-20	30.8	14.5	-99.8	71.1
Sep-20	28.1	6.8	-90.4	62.6
Dec-20	20.6	4.9	-49.2	38.0
Mar-21	11.9	2.9	-31.5	36.2
Jun-21	7.7	6.6	-18.5	27.6
Sep-21	0.7	6.7	-40.4	53.9
Dec-21	-5.5	6.1	-26.4	32.3
Mar-22	-1.8	-0.7	-17.8	26.3
Jun-22	7.1	11.0	-15.3	17.5
Sep-22	-5.6	10.0	-16.6	13.5
Dec-22	-6.6	15.0	-7.0	4.6

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 decreased to 22.4% as a proportion of GDP, while increasing 0.6% in current price seasonally adjusted terms.
Relative to GDP:

Household capital investment decreased to 7.8%
Non-financial corporations' capital investment decreased to 10.4%
Financial corporations' capital investment remained at 0.5%
General government capital investment decreased to 3.7%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment increased, driven by an increase in public and private non-financial corporations
General government capital investment increased, driven by an increase 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)
Dec-09	46.0	2.2	13.2	27.8
Mar-10	44.4	2.2	15.1	27.3
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	33.5
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	36.1
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	41.0
Jun-17	45.6	2.8	18.3	41.3
Sep-17	51.1	2.5	16.7	40.7
Dec-17	50.0	3.0	17.4	40.9
Mar-18	50.7	3.0	17.3	42.0
Jun-18	50.6	3.0	18.1	42.7
Sep-18	51.8	3.0	18.5	41.5
Dec-18	51.4	3.0	18.8	40.4
Mar-19	51.9	2.9	19.0	39.1
Jun-19	52.2	3.0	19.4	38.0
Sep-19	53.3	2.9	19.5	38.2
Dec-19	52.7	2.9	20.3	38.0
Mar-20	52.4	2.7	19.7	37.9
Jun-20	50.9	2.6	19.4	35.1
Sep-20	50.6	2.6	19.0	36.3
Dec-20	51.7	2.7	20.0	39.0
Mar-21	54.1	2.8	20.1	42.1
Jun-21	56.4	2.9	22.0	44.7
Sep-21	57.2	2.9	21.5	46.1
Dec-21	58.3	2.9	21.5	47.2
Mar-22	59.5	2.9	22.4	48.2
Jun-22	62.8	3.0	24.2	48.3
Sep-22	64.8	3.1	23.5	49.2
Dec-22	65.7	3.1	23.6	49.1

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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"],[[46],[44.399999999999999],[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],[52.399999999999999],[50.899999999999999],[50.600000000000001],[51.700000000000003],[54.100000000000001],[56.399999999999999],[57.200000000000003],[58.299999999999997],[59.5],[62.799999999999997],[64.799999999999997],[65.700000000000003]],[[2.2000000000000002],[2.2000000000000002],[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]],[[13.199999999999999],[15.1],[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],[22],[21.5],[21.5],[22.399999999999999],[24.199999999999999],[23.5],[23.600000000000001]],[[27.800000000000001],[27.300000000000001],[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],[33.5],[35.200000000000003],[36.299999999999997],[36.100000000000001],[37.899999999999999],[38.100000000000001],[38.5],[39.5],[40],[40.899999999999999],[41],[41.299999999999997],[40.700000000000003],[40.899999999999999],[42],[42.700000000000003],[41.5],[40.399999999999999],[39.100000000000001],[38],[38.200000000000003],[38],[37.899999999999999],[35.100000000000001],[36.299999999999997],[39],[42.100000000000001],[44.700000000000003],[46.100000000000001],[47.200000000000003],[48.200000000000003],[48.299999999999997],[49.200000000000003],[49.100000000000001]]]

[]

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Data downloads

Download all (10.23 MB)

Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [259.84 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [242.92 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [78.97 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [102.28 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [76.83 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [364.73 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [73.56 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [360.18 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [222.53 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [365.54 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.4 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [257.66 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [72.39 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [340.56 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [158.14 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [469.13 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [304.47 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [216.46 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [69.61 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [284.46 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [281.05 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [139 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [261.97 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [250.85 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [194.65 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [305.55 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [76.26 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [291.41 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [75.54 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [268.08 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [75.64 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [185.38 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [75.74 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [245.7 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [78.55 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [66.04 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [65.48 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [435.88 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [78.96 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [111.84 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [122.56 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [103.64 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [343.11 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [442.67 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [183.04 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [149.91 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [340.22 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [246.61 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [307.54 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [376.3 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [54.08 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [56.49 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [148.35 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [340.79 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

There have been revisions to previously published aggregates due to:

Quality assurance reviews affecting the published aggregates after December quarter 2020, in addition to amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.
Revisions to the sectoral capital accounts are due to more up-to-date data being incorporated and concurrent seasonal adjustment.

Methodology

Australian National Accounts: Finance and Wealth methodology, December 2022

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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 December quarter 2022

Amounts outstanding at end of December quarter 2022

National investment

Financial investment

Households

Non-financial corporations

General government

Demand for credit

Demand for credit table

Households

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)