Standard Economic Sector Classifications Of Australia Dimension This dimension categorises the reported information according to the Standard Economic Sector Classifications of Australia (SESCA). Issuing Counterparty Dimension This dimension categorises information according to the issuing counterparty. Money Market Investment Funds Collective investment schemes, such as cash management trusts and cash common funds that are constituted as legal entities. They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform. The proceeds are invested primarily in money-market instruments, money-market shares/units, and transferable debt instruments with a residual maturity of less than or equal to 12 months, deposits at banks, and instruments that pursue a rate of return that approaches the interest rates of money-market instruments. Special Purpose Vehicle A legal entity created at the direction of a sponsor. The special purpose vehicle (SPV) can take the form of a corporation, trust, partnership or a limited liability company. SPVs are generally structured to be bankruptcy remote from the sponsor, so that if the sponsor enters bankruptcy proceedings, the sponsor's creditors cannot seize the assets of the SPV. Registered Financial Corporations Corporations that are registered entities under the Financial Sector (Collection of Data) Act 2001 that are classified as Category 'D' or 'Other' by APRA. Other Superannuation Funds Superannuation funds that are regulated by APRA and other autonomous funds established for the benefit of public sector employees. Exchange Traded Funds Exchange traded funds (ETFs) are investment vehicles that are listed on a stock exchange and provide investors with the return of some benchmark, such as an equity index. ETFs are a type of non-money-market financial investment fund. Bank An authorised deposit-taking institution (ADI) that is authorised by APRA to use 'Bank' or 'Banker' in relation to their company name and trading or business name. Authorised Deposit Taking Institution An authorised deposit-taking institution within the meaning of the Banking Act 1959. Non Resident Banks Any non-resident financial institution whose business is to receive deposits (or close substitutes for deposits) and to extend credit or invest in securities on their own account. Life Insurance Corporations Life insurance companies and friendly societies that are registered under the Life Insurance Act 1995 and are regulated by APRA. They offer insurance for death or disability and also offer investment and superannuation products. Public Non Financial Corporations Commonwealth Government non-financial corporations and state, territory and local government non-financial corporations. State Territory Local Government Non Financial Corporations Businesses that are owned and controlled by state, territory or local governments and that produce goods or non-financial services for sale at market prices. Private Public Sector Businesses Community service organisations, non-financial businesses and financial institutions. Community Service Organisations Non-market operators providing goods and services to households for free or at prices that are not economically significant. Non Resident Superannuation Funds Any non-resident funds designed specifically for the purpose of providing a pension or other income stream on retirement. Self Managed Superannuation Fund A superannuation fund that meets the conditions in sections 17A and 17B of the Superannuation Industry (Supervision) Act 1993. Financial Auxiliaries Corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role. Not Authorised Deposit Taking Institution Any counterparty that is not an authorised deposit-taking institution within the meaning of the Banking Act 1959. Real Estate Investment Trusts Investment vehicles with funds invested in a variety of property assets. Financial Institution NEC Any financial institutions other than the Reserve Bank of Australia, banks, non-bank authorised deposit-taking institutions, registered financial corporations, central borrowing authorities, life insurance corporations, other insurance corporations, self-managed superannuation funds, other superannuation funds, financial auxiliaries, securitisers, money-market investment funds and non-money-market financial investment funds. Central Borrowing Authorities Entities established by federal, state or territory governments that primarily provide finance for public corporations and notional institutional units and other units owned or controlled by the government. They arrange the investment of surplus funds. Non Bank Authorised Deposit Taking Institution A body corporate authorised under subsection 9(3) of the Banking Act 1959 to carry on banking business in Australia, but which does not hold a consent under section 66 of the Banking Act 1959 to use the word 'bank'. Securitisers Issuers of asset-backed securities created through the process of securitisation, excluding issuers of covered bonds. Non Money Market Financial Investment Funds Collective investment schemes, such as trusts or corporations that are constituted as legal entities. They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform. The proceeds are used to purchase financial assets. The assets are owned by the investment fund and usually managed by licensed fund managers external to the fund. Investors are able to dispose of their units/shares on a well-developed secondary market such as a stock exchange or through readily accessible redemption facilities. General Government Commonwealth general government and state, territory and local general government. Private Unincorporated Businesses Persons acting as sole proprietors or in partnerships for business purposes including households whose dealings with other sectors are for business purposes and family trusts. Financial Institutions All corporations and notional institutional units mainly engaged in financial intermediation and the provision of auxiliary financial services. Holding companies with mainly financial corporations as their subsidiaries are also included, as are market not-for-profit institutions (NPIs) that mainly engage in financial intermediation or the production of auxiliary financial services. Private Non Financial Corporations Private non-financial investment funds and other private non-financial corporations. Non Financial Businesses Community Service Organisations Private non-financial investment funds, other private non-financial corporations, private unincorporated businesses, Commonwealth Government non-financial corporations and state, territory and local government non-financial corporations; and non-market operators providing goods and services to households for free or at prices that are not economically significant. Commonwealth General Government Australian Commonwealth Government departments and agencies whose principal function is to provide non-market goods and services, principally financed by taxes, for free or at a price well below the cost of production. These entities regulate economic activity, maintain law and order and redistribute income and wealth by means of transfers. Non Financial Businesses Private non-financial investment funds, other private non-financial corporations, private unincorporated businesses, Commonwealth Government non-financial corporations and state, territory and local government non-financial corporations. Clearing Houses Central Counterparties Recognised clearing houses and central counterparties (CCPs) are financial auxiliaries. CCPs are clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement. Other Not Household CSO General Government Financial Institutions Non Financial Businesses Means any other counterparty that is not a household, community service organisation, general government, financial institutions or non-financial business. Other Insurance Corporations General insurance companies registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001); private health insurance companies registered under the Private Health Insurance (Prudential Supervision) Act 2015; Export Finance Insurance Corporation; and private sector and government-owned general and health insurance enterprises, both proprietary and mutual that are not registered with APRA. State Territory Local General Government State, territory and local departments and agencies that provide non-market goods and services, principally financed by taxes, for free or at a price well below the cost of production. These entities regulate economic activity, maintain law and order and redistribute income and wealth by means of transfers. Households Persons whose dealings with other sectors are for personal or housing purposes. Private Non Financial Investment Funds Collective investment schemes, such as trusts or corporations, in which investment funds are pooled and invested in predominantly long-term non-financial assets such as property or infrastructure. They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform. Investors are able to dispose of their holdings through well-developed secondary markets such as a stock exchange or through readily accessible redemption facilitates. Usually the management of funds is undertaken by a licensed fund manager external to the fund. Reserve Bank Of Australia Australia's central bank. Insurance Corporations Life insurance companies and friendly societies that are registered under the Life Insurance Act 1995 and are regulated by APRA; general insurance companies registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001); private health insurance companies registered under the Private Health Insurance (Prudential Supervision) Act 2015; Export Finance Insurance Corporation; and private sector and government-owned general and health insurance enterprises, both proprietary and mutual that are not registered with APRA. Private Non Financial Businesses Private non-financial investment funds, other private non-financial corporations and private unincorporated businesses. Commonwealth Government Non Financial Corporations Businesses that are owned and controlled by the Australian Commonwealth Government and that produce goods or non-financial services for sale at market prices. Superannuation Funds Superannuation funds that are regulated by APRA; other autonomous funds established for the benefit of public sector employees and self-managed superannuation funds. Other Private Non Financial Corporations Corporations that are owned and controlled by the private (non-government) sector, whose main activity is producing goods or non-financial services for sale at market prices. They may be listed on stock exchanges or unlisted. Other Financial Not Authorised Deposit Taking Institution Not Superannuation Financial institutions that are not authorised deposit-taking institutions, self-managed superannuation funds or other superannuation funds. Other Related Parties Not Financial Institutions Information reported is on any resident or non-resident related parties other than financial institutions. Resident Households Resident persons whose dealings with other sectors are for personal or housing purposes. Resident Non Related Financial Institutions Resident non-related corporations and notional institutional units mainly engaged in financial intermediation and the provision of auxiliary financial services. Holding companies with mainly financial corporations as their subsidiaries are also included, as are market not-for-profit institutions (NPIs) that mainly engage in financial intermediation or the production of auxiliary financial services that are not the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. Resident Related Parties Financial Institutions Resident related corporations and notional institutional units mainly engaged in financial intermediation and the provision of auxiliary financial services. Holding companies with mainly financial corporations as their subsidiaries are also included, as are market not-for-profit institutions (NPIs) that mainly engage in financial intermediation or the production of auxiliary financial services that are the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. Non Resident Not Related Report transaction with counterparties that are non-resident that are not the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. Resident Non Related Non Financial Businesses Community Service Organisations Resident private non-financial investment funds, other private non-financial corporations, private unincorporated businesses, Commonwealth Government non-financial corporations and state, territory and local government non-financial corporations; and non-market operators providing goods and services to households for free or at prices that are not economically significant; that are not the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. Resident General Government Resident Commonwealth general government and state, territory and local general government. Resident Authorised Deposit Taking Institution An authorised deposit-taking institution (ADI) within the meaning of the Banking Act 1959 that is resident in Australia. An ADI is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Non Resident Other Any non-resident institutions that are not banks or superannuation funds. Resident Clearing Houses Central Counterparties Recognised clearing houses and central counterparties (CCPs) are financial auxiliaries. CCPs are clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement. A clearing houses or CCP is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Real Estate Investment Trusts Investment vehicles that are residents of Australia, with funds invested in a variety of property assets. A real estate investment trust is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Registered Financial Corporations Resident corporations that are registered entities under the Financial Sector (Collection of Data) Act 2001 that are classified as Category 'D' or 'Other' by APRA. A registered financial corporation is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Other Private Non Financial Investment Funds Resident private non-financial investment funds other than real estate investment trusts. An investment fund is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Exchange Traded Funds Resident exchange traded funds (ETFs) are investment vehicles that are listed on a stock exchange and provide investors with the return of some benchmark, such as an equity index. ETFs are a type of non-money-market financial investment fund. An ETF is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Other Financial Auxiliaries Resident other corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role, that are not clearing houses or central counterparties. An institutional unit is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Superannuation Funds Resident superannuation funds that are regulated by APRA; other resident autonomous funds established for the benefit of public sector employees and resident self-managed superannuation funds. A superannuation fund is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Insurance Corporations Resident life insurance companies and friendly societies that are registered under the Life Insurance Act 1995 and are regulated by APRA; resident general insurance companies registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001); resident private health insurance companies registered under the Private Health Insurance (Prudential Supervision) Act 2015; Export Finance Insurance Corporation; and resident private sector and government-owned general and health insurance enterprises, both proprietary and mutual that are not registered with APRA. An insurance corporation is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Other Any other resident institutions that are not reported elsewhere. An institution is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Money Market Investment Funds Resident collective investment schemes, such as cash management trusts and cash common funds that are constituted as legal entities. They raise funds by issuing shares or units to the public, either via a prospectus or a distribution channel such as a platform. The proceeds are invested primarily in money-market instruments, money-market shares/units, and transferable debt instruments with a residual maturity of less than or equal to 12 months, deposits at banks, and instruments that pursue a rate of return that approaches the interest rates of money-market instruments. A money market investment fund is a resident when it has a significant portion of its economic activities in Australia. Resident Other Private Non Financial Corporations Resident corporations that are owned and controlled by the private (non-government) sector, whose main activity is producing goods or non-financial services for sale at market prices. They may be listed on stock exchanges or unlisted. A corporation is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Central Borrowing Authorities Resident entities established by federal, state or territory governments that primarily provide finance for public corporations and notional institutional units and other units owned or controlled by the government. They arrange the investment of surplus funds. A central borrowing authority is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Other Non Money Market Financial Investment Funds Other Than Exchange Traded Funds Resident collective investment schemes, such as trusts or corporations that are constituted as legal entities, other than exchange traded funds. An institutional unit is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Resident Other Financial Institutions Resident financial institutions other than those reported elsewhere. An institutional unit is a resident when its centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory.