Australia Yearbook - 2001

900 Year Book Australia 2001
common funds; and
cash management trusts.
Funds of a speculative nature that do not offer
redemption facilities—for example, agricultural
and film trusts—are excluded.
To derive the total assets of collective investment
institutions in Australia on a consolidated basis, it
is necessary to eliminate the cross investment
between the various types of institution. For
example, investments by superannuation funds in
public unit trusts are excluded from the assets of
superannuation funds in a consolidated
presentation.
Although statistics for each of these institutions
were presented earlier in this chapter, the
accompanying tables summarise their
consolidated position (i.e. after the cross
investment between the institutions has been
eliminated). Table 26.23 shows their assets by
type of institution and table 26.24 shows assets by
type of investment.
26.23 ASSETS OF MANAGED FUNDS, By Type
of Collective Investment Institution
—30 June 2000
Total
Cross
invested
Consolidated
Type of institution
$m $m
$m
Life insurance
corporations(a) 187 528 17 516 170 012
Pension funds 318 438 46 739 271 699
Public unit trusts 124 036 13 055 110 981
Friendly societies 6 163 268 5 895
Common funds 8 219 188 8 031
Cash management
trusts 23 804 . . 23 804
Total 668 188 77 766 590 422
(a) Investments by pension funds which are held and
administered by life insurance offices are included under life
insurance offices.
Source: Managed Funds, Australia (5655.0).
26.24 MANAGED FUNDS, Consolidated Assets
30 June 1998
30 June 1999
30 June 2000
Type of investment
$m
$m
$m
Deposits, loans and placements 58 244 65 752 72 040
Short-term debt securities 54 089 67 179 61 253
Long-term debt securities 66 039 70 391 75 329
Equities and units in trusts 130 548 149 072 183 287
Land and buildings 48 466 57 539 65 109
Overseas assets 78 632 91 958 112 187
Other assets 17 048 20 523 21 218
Total 453 066 522 414 590 422
Source: Managed Funds, Australia (5655.0).