The United Nations has proclaimed 20 October 2010 as the inaugural World Statistics Day to raise awareness of the contribution and importance of official statistics.
Official statistics are published by government agencies or international organisations. They provide information on major areas of people’s lives, such as economic and social development, living conditions, health, education, and the environment.
APRA follows principles aimed at ensuring that users can have confidence in the integrity of its statistics. These principles are that:
- APRA recognises the principle of objectivity, relevance and integrity in the collection, processing and delivery of statistics;
- APRA recognises internationally accepted standards, guidelines and good practices to ensure the methodological soundness of its statistics;
- APRA, with adequate periodicity and timeliness, will endeavour to ensure that its statistics are consistent and follow a predictable revisions policy;
- APRA will endeavour to ensure that its statistics are easily available and assistance to users is effective; and
- APRA recognises that accuracy and reliability of the data is necessary to ensure that statistical outputs portray reality.
APRA’s data are shared with the Australian Bureau of Statistics (ABS) and the Reserve Bank of Australia (RBA). The data are a significant component of ABS economic statistics including housing finance, lending finance, managed funds and the Australian National Accounts (view letter from the ABS to APRA marking World Statistics Day). Data shared with the RBA assists with monetary policy and system stability and contribute to Monetary Aggregate and Financial Aggregate statistics.
APRA also produces customised statistics on request. These statistics give more detailed insight into particular aspects of the financial system than APRA’s regular publications. Many statistics are customised to assist Treasury to advise the Government on financial services policy.
APRA also provides customised statistics to international agencies such as the Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF) and the Bank for International Settlements, to facilitate comparisons of various aspects of the Australian financial system with those of other countries.
All forms of APRA’s statistics are intended to promote a more stable, efficient and competitive finance sector.
APRA thanks the financial institutions that provide data and respond promptly to APRA’s questions, and help APRA produce official statistics (view letter from APRA to regulated institutions marking World Statistics Day)
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GPO Box 9836
Sydney NSW 2001
Phone: 13 10 60
Fax: (02) 9210 3021