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Wednesday, 4 November 1992
Page: 2657

(Question No. 786)

Mr McArthur asked the Treasurer, upon notice, on 7 May 1991:

  (1) Do the most recently available statistics showing the level of foreign ownership in Australia relate to 1985.

  (2) Has he commissioned an up-to-date survey on the levels of foreign investment in Australia; if not, why not.

  (3) Will he ensure that a detailed, comprehensive and up-to-date register of all foreign investment in Australia is established and maintained.

Mr Dawkins —The answer to the honourable member's question is as follows:

  (1) The most recently available statistics showing the level of foreign ownership in Australia are from the Australian Bureau of Statistics (ABS) and relate to 1990-91. The statistics are included in an article on `Foreign Ownership of Equity in Australian Enterprise Groups' published in the June Quarter 1992 issue of the ABS publication International Investment Position, Australia (Catalogue No. 5306.0).

  (2) The ABS has conducted a Survey of Foreign Investment annually since 1948 and quarterly since 1962. Statistics collected in this survey, including up-to-date statistics on levels of foreign investment in Australia and Australian investment abroad, are available from the following ABS publications:

  International Investment Position, Australia (Catalogue No 5306.0) quarterly publication released 43 working days after the reference quarter.

  International Investment Position, Australia (Catalogue No. 5305.0) annual publication released approximately 12 months after the reference period.

Much more detailed information, not released in the publications, is available on request. This information includes international investment statistics classified in a variety of ways, including instrument of investment, country, industry, currency or maturity.

  (3) The ABS maintains an up-to-date register of all enterprise groups identified as having foreign investment activity for the purposes of compiling the statistics mentioned in parts (1) and (2) above.