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Quarterly nominees survey

Survey at a glance

Purpose To collect data for incorporation into Balance of Payments (BOP) and International Investment Position (IIP) statistics
Frequency Quarterly
Results Balance of Payments and International Investment Position statistics

About the Survey

What is the purpose of the Quarterly Nominees Survey?

The purpose of the Quarterly Nominees Survey is to collect data for incorporation into Balance of Payments (BOP) and International Investment Position (IIP) statistics.

What does the Quarterly Nominees Survey measure?

The data collected contributes to the measurement of:

  • New Zealand's international investment position (balance sheet with the rest of the world)
  • dividends earned by overseas shareholders from their New Zealand shareholdings
  • the buying and selling by overseas investors of shares (equity) issued by New Zealand businesses.

The results are published in the Balance of Payments and International Investment Position, each quarter, within 12 weeks after the end of the survey quarter.

Who is included in this survey?

This survey selects New Zealand businesses which act as nominess and hold significant numbers of shares in New Zealand businesses on behalf of overseas beneficial owners.

What is this information used for?

The balance of payments and international investment position statistics are used:

  • domestically, by those engaged in financial market operation, policy development and the provision of advice and analysis, including New Zealand government agencies, especially the New Zealand Treasury and the Reserve Bank of New Zealand
  • internationally, by major credit rating agencies in their assessments of New Zealand, and by the International Monetary Fund (IMF) in it's economic monitoring and assessment role.

Why do the survey quarterly?

So that the status of New Zealand's balance of payments (BOP) is known on a more regular basis. There is a strong demand for New Zealand to produce these statistics quarterly. This is especially important because of the size of our current account deficit. The current account deficit shows the extent to which New Zealand is financed from offshore.

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About giving data

If our business is included in the survey, who should complete the survey?

Accountant.

How often does this survey take place?

This survey takes place quarterly.

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About your obligations

Why should I provide information to Statistics New Zealand?

Under the Statistics Act 1975 you must provide the information requested by Statistics NZ. It is also important that information from all of the businesses surveyed is accurately represented in the statistical results.

Will I be paid for providing information to Statistics New Zealand?

Providing information to Statistics New Zealand is a statutory obligation. There is no provision in the Statistics Act 1975 for people to be paid for providing information. Where possible, we request information in a way that is easily obtainable from business records. We also recognise that completing survey questionnaires can be time consuming. For some surveys, we provide survey respondents with information that can be useful for your business planning purposes. Also, survey results are available free of charge on the Stastics New Zealand website.

Will my information be shared with other government agencies?

The Statistics Act 1975 states that:

  • all information collected under the Act must be used only for statistical purposes
  • no information is released by Statistics New Zealand in a form that could enable the person or undertaking to whom it relates to be identified.

Consequently, Statistics New Zealand does not share your information with other government agencies. Other government agencies can provide their information to Statistics New Zealand, but only for statistical purposes. Statistics New Zealand sometimes undertakes a statistical survey jointly with another government department or government agency. In all cases, respondents are informed that it is a joint collection. You may object to information being passed to the other party by writing to Statistics New Zealand. Where this right is exercised, Statistics New Zealand withholds the information from the other party.

Do I have to complete this questionnaire?

Businesses selected for any Statistics New Zealand survey must provide the information requested. This is a legal requirement under the Statistics Act 1975.

We appreciate that it can be difficult and time consuming to complete survey forms. If you would prefer to provide information by fax or by email, please phone our Survey Help Desk on 0800 809 464 to discuss these options.

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About using information

What data is currently published?

Information is published quarterly include:

  • BOP current account, capital and financial account
  • international investment position statement.

breakdowns of international assets and liabilities by:

  • instrument.
  • currency of denomination.
  • institutional sector.
  • residual maturity.

Information published annually include:

  • the stock and flow of direct, portfolio and other investment by country.
  • international assets and liabilities by region.

For more information see Balance of Payments.

Are results from the Quarterly Nominees Survey available?

Free standard results each quarter for information on the Balance of Payments and International Investment Position statistics. Use this link for key results of other Statistics New Zealand surveys.

Is statistical information available?

Many statistics are available to you and your business as it is 'public good' information. This means that you can access this information free of charge, from this website, or by contacting our Customer Services staff via email info@stats.govt.nz, or by phone at your nearest Statistics New Zealand office. Our newsletters also contain information which you may find useful. The information available could assist you in business planning and for monitoring business performance.

Does Statistics New Zealand have information useful for my business?

We can provide information that could help your business. For instance we have information that can help in:

  • assessing future population trends
  • economic monitoring
  • target marketing
  • profiling an area
  • estimating your market share
  • assessing consumer spending patterns
  • benchmarking your business.

Further explanation can be found in Business Helper, a web-based guide for business users. We can also provide statistics that enable a comparison of the results of your business with industry results. Contact our Information Centre for more information on Business Helper or on business profiling, please phone toll free 0508 525 525, or send an email to info@stats.govt.nz.

Who should I contact for further information about this survey?

Contact Salendra Kumar, Sharon Snelgrove or Peter Roche via email surveys@stats.govt.nz or by phone 0800 809 464

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