{"text_format":"3","workbook":"xls","n_sheets":1,"sheets":["3.18b"],"not_rendered":{"external_links":1,"defined_names":1},"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"3.18b","index":0,"n_rows":74,"n_cols":33,"rows_kept":74,"flags":["formulas_cached_only"]}
[null,"3.18b  Long Term Returns on Financial Assets and Superannuation (a)"]
[]
[{"$nulls":4},"Commonwealth",{"$nulls":3},"Ordinary",{"$nulls":17},"SNL Superannuation survey (f)"]
[{"$nulls":4},"Government ",{"$nulls":3}," shares",{"$nulls":4},"3 month",{"$nulls":6},"Typical balanced",{"$nulls":5},"  Lower",{"$nulls":5}," Upper"]
["June",{"$nulls":3},"bonds (b)",{"$nulls":3},"(c)",{"$nulls":4}," bank bills (d)",{"$nulls":6},"superannuation fund (e)",{"$nulls":5}," quartile",null,null," Median",null,null," quartile"]
[{"$nulls":5},"10 year",null,null,"10 year",{"$nulls":5},"10 year",{"$nulls":5}," 1 year",null,null,"10 year",null,null," 1 year",null,null," 1 year",null,null," 1 year"]
[null,null,"Index",null,null,"average",null,null,"average",null,null,"Index",null,null,"average",null,null,"Index",null,null,"  return",null,null,"average",null,null,"  return",null,null,"  return",null,null,"  return"]
["1950",null,{"v":339.183,"d":" 339"},null,null,{"v":3.505821741265791,"d":"3.5"},null,null,{"v":11.028995421689736,"d":"11.0"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1951",null,{"v":342.225,"d":" 342"},null,null,{"v":3.2128729778858167,"d":"3.2"},null,null,{"v":13.175245017717184,"d":"13.2"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1952",null,{"v":343.746,"d":" 344"},null,null,{"v":2.8882905814850535,"d":"2.9"},null,null,{"v":10.323318899306111,"d":"10.3"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1953",null,{"v":357.435,"d":" 357"},null,null,{"v":2.9332106797119506,"d":"2.9"},null,null,{"v":8.434916966182705,"d":"8.4"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1954",null,{"v":371.12399999999997,"d":" 371"},null,null,{"v":2.9750102447348326,"d":"3.0"},null,null,{"v":9.61641884635236,"d":"9.6"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1955",null,{"v":386.334,"d":" 386"},null,null,{"v":3.054648594559284,"d":"3.1"},null,null,{"v":10.519363310521568,"d":"10.5"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1956",null,{"v":403.065,"d":" 403"},null,null,{"v":3.1148290843820314,"d":"3.1"},null,null,{"v":8.379556362125085,"d":"8.4"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1957",null,{"v":419.796,"d":" 420"},null,null,{"v":3.170556057611096,"d":"3.2"},null,null,{"v":9.162767713003195,"d":"9.2"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1958",null,{"v":438.048,"d":" 438"},null,null,{"v":3.258216648463108,"d":"3.3"},null,null,{"v":9.422096170826455,"d":"9.4"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1959",null,{"v":457.82099999999997,"d":" 458"},null,null,{"v":3.373988826949814,"d":"3.4"},null,null,{"v":12.633314564950693,"d":"12.6"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1960",null,{"v":479.115,"d":" 479"},null,null,{"v":3.514352307011759,"d":"3.5"},null,null,{"v":13.26906038385367,"d":"13.3"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1961",null,{"v":494.325,"d":" 494"},null,null,{"v":3.745694971637792,"d":"3.7"},null,null,{"v":9.464369496303249,"d":"9.5"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1962",null,{"v":517.14,"d":" 517"},null,null,{"v":4.1686528640957565,"d":"4.2"},null,null,{"v":12.92723420892532,"d":"12.9"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":100,"d":" 100"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1963",null,{"v":547.56,"d":" 548"},null,null,{"v":4.357451293822123,"d":"4.4"},null,null,{"v":13.441048760014528,"d":"13.4"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":111.3,"d":" 111"},null,null,11.3,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1964",null,{"v":577.98,"d":" 578"},null,null,{"v":4.529621307959308,"d":"4.5"},null,null,{"v":13.477201458946197,"d":"13.5"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":126.4368,"d":" 126"},null,null,13.6,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1965",null,{"v":593.19,"d":" 593"},null,null,{"v":4.381393167418279,"d":"4.4"},null,null,{"v":10.339187666650297,"d":"10.3"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":115.43679840000001,"d":" 115"},null,null,-8.7,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1966",null,{"v":616.005,"d":" 616"},null,null,{"v":4.332812526429519,"d":"4.3"},null,null,{"v":11.399996144156122,"d":"11.4"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":125.13348946560002,"d":" 125"},null,null,8.4,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1967",null,{"v":646.425,"d":" 646"},null,null,{"v":4.4114158099090695,"d":"4.4"},null,null,{"v":10.477323563415574,"d":"10.5"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":140.14950820147203,"d":" 140"},null,null,{"v":12,"d":"12.0"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1968",null,{"v":678.366,"d":" 678"},null,null,{"v":4.47063563158443,"d":"4.5"},null,null,{"v":15.42222050280495,"d":"15.4"},null,null,"n.a.",null,null,"n.a.",null,null,{"v":198.17140459688144,"d":" 198"},null,null,41.4,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1969",null,{"v":707.265,"d":" 707"},null,null,{"v":4.4452384491805885,"d":"4.4"},null,null,{"v":12.695926358727206,"d":"12.7"},null,null,{"v":553.1585352361988,"d":" 553"},null,null,"n.a.",null,null,{"v":214.6196311784226,"d":" 215"},null,null,8.3,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1970",null,{"v":722.475,"d":" 722"},null,null,{"v":4.192943105342595,"d":"4.2"},null,null,{"v":9.031190111683806,"d":"9.0"},null,null,{"v":588.3794185175647,"d":" 588"},null,null,"n.a.",null,null,{"v":211.40033671074625,"d":" 211"},null,null,-1.5,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1971",null,{"v":760.5,"d":" 761"},null,null,{"v":4.401962962788453,"d":"4.4"},null,null,{"v":8.729122777164399,"d":"8.7"},null,null,{"v":632.6301206954547,"d":" 633"},null,null,"n.a.",null,null,{"v":216.47394479180417,"d":" 216"},null,null,2.4,null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1972",null,{"v":836.55,"d":" 837"},null,null,{"v":4.927270898519098,"d":"4.9"},null,null,{"v":11.770419926412433,"d":"11.8"},null,null,{"v":674.0090145159393,"d":" 674"},null,null,"n.a.",null,null,{"v":261.06757741891585,"d":" 261"},null,null,20.6,null,null,{"v":10.071603672838636,"d":"10.1"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1973",null,{"v":866.97,"d":" 867"},null,null,{"v":4.702544350791871,"d":"4.7"},null,null,{"v":9.944856613449705,"d":"9.9"},null,null,{"v":708.3842438538929,"d":" 708"},null,null,"n.a.",null,null,{"v":261.32864499633473,"d":" 261"},null,null,0.1,null,null,{"v":8.910357902588185,"d":"8.9"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1974",null,{"v":859.365,"d":" 859"},null,null,{"v":4.0462626942392,"d":"4.0"},null,null,{"v":4.908170831217307,"d":"4.9"},null,null,{"v":775.9573669278707,"d":" 776"},null,null,"n.a.",null,null,{"v":223.4359914718662,"d":" 223"},null,null,-14.5,null,null,{"v":5.859043013125587,"d":"5.9"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1975",null,{"v":912.6,"d":" 913"},null,null,{"v":4.401962962788453,"d":"4.4"},null,null,{"v":6.07235070246972,"d":"6.1"},null,null,{"v":876.6099952349026,"d":" 877"},null,null,"n.a.",null,null,{"v":242.87492272991855,"d":" 243"},null,null,8.7,null,null,{"v":7.721859153408572,"d":"7.7"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1976",null,{"v":988.65,"d":" 989"},null,null,{"v":4.844543561189929,"d":"4.8"},null,null,{"v":8.308737485970742,"d":"8.3"},null,null,{"v":953.0148085193024,"d":" 953"},null,null,"n.a.",null,null,{"v":294.60728127139123,"d":" 295"},null,null,21.3,null,null,{"v":8.939904967614032,"d":"8.9"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1977",null,{"v":1049.49,"d":"1 049"},null,null,{"v":4.965363977107029,"d":"5.0"},null,null,{"v":7.199906808218026,"d":"7.2"},null,null,{"v":1047,"d":"1 047"},null,null,"n.a.",null,null,{"v":316.1136128042028,"d":" 316"},null,null,7.3,null,null,{"v":8.473876830493365,"d":"8.5"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a."]
["1978",null,{"v":1247.22,"d":"1 247"},null,null,{"v":6.279107668395745,"d":"6.3"},null,null,{"v":2.8100030265748366,"d":"2.8"},null,null,{"v":1160,"d":"1 160"},null,null,"n.a.",null,null,{"v":365.1112227888542,"d":" 365"},null,null,15.5,null,null,{"v":6.301261762381283,"d":"6.3"},null,null,14.5,null,null,15.3,null,null,16.4]
["1979",null,{"v":1285.245,"d":"1 285"},null,null,{"v":6.154980676523825,"d":"6.2"},null,null,{"v":5.155709088217275,"d":"5.2"},null,null,{"v":1276,"d":"1 276"},null,null,{"v":8.717662357663713,"d":"8.7"},null,null,{"v":415.86168275650493,"d":" 416"},null,null,13.9,null,null,{"v":6.838540415861694,"d":"6.8"},null,null,12.4,null,null,13.1,null,null,15.2]
["1980",null,{"v":1326.312,"d":"1 326"},null,null,{"v":6.263052569842187,"d":"6.3"},null,null,{"v":10.719205587156067,"d":"10.7"},null,null,{"v":1413,"d":"1 413"},null,null,{"v":9.156215213054498,"d":"9.2"},null,null,{"v":571.8098137901943,"d":" 572"},null,null,37.5,null,null,{"v":10.462430054687587,"d":"10.5"},null,null,29.6,null,null,38.7,null,null,52.5]
["1981",null,{"v":1405.404,"d":"1 405"},null,null,{"v":6.333521457721258,"d":"6.3"},null,null,{"v":13.589809841417978,"d":"13.6"},null,null,{"v":1604,"d":"1 604"},null,null,{"v":9.750232723931674,"d":"9.8"},null,null,{"v":669.5892919483175,"d":" 670"},null,null,17.1,null,null,{"v":11.954173170182658,"d":"12.0"},null,null,15.1,null,null,17.6,null,null,{"v":23,"d":"23.0"}]
["1982",null,{"v":1414.53,"d":"1 415"},null,null,{"v":5.393062871225562,"d":"5.4"},null,null,{"v":6.938850247161654,"d":"6.9"},null,null,{"v":1879,"d":"1 879"},null,null,{"v":10.796516842761573,"d":"10.8"},null,null,{"v":650.8407917737646,"d":" 651"},null,null,-2.8,null,null,{"v":9.565085648042704,"d":"9.6"},null,null,-6.2,null,null,-2.4,null,null,1.4]
["1983",null,{"v":1767.4019999999998,"d":"1 767"},null,null,{"v":7.38240519418758,"d":"7.4"},null,null,{"v":10.515944578489233,"d":"10.5"},null,null,{"v":2190,"d":"2 190"},null,null,{"v":11.948304960643497,"d":"11.9"},null,null,{"v":822.6627608020385,"d":" 823"},null,null,26.4,null,null,{"v":12.151085699111164,"d":"12.2"},null,null,23.4,null,null,25.3,null,null,30.6]
["1984",null,{"v":2135.484,"d":"2 135"},null,null,{"v":9.52969189214552,"d":"9.5"},null,null,{"v":15.180977123126095,"d":"15.2"},null,null,{"v":2459,"d":"2 459"},null,null,{"v":12.225633806719728,"d":"12.2"},null,null,{"v":939.4808728359279,"d":" 939"},null,null,14.2,null,null,{"v":15.444562204880906,"d":"15.4"},null,null,11.8,null,null,14.7,null,null,19.5]
["1985",null,{"v":2447.2889999999998,"d":"2 447"},null,null,{"v":10.367315545179023,"d":"10.4"},null,null,{"v":18.803271883001706,"d":"18.8"},null,null,{"v":2791,"d":"2 791"},null,null,{"v":12.278174210508631,"d":"12.3"},null,null,{"v":1141.4692604956524,"d":"1 141"},null,null,21.5,null,null,{"v":16.736899533440088,"d":"16.7"},null,null,20.5,null,null,22.4,null,null,25.6]
["1986",null,{"v":2885,"d":"2 885"},null,null,{"v":11.305185410947338,"d":"11.3"},null,null,{"v":20.026052753380654,"d":"20.0"},null,null,{"v":3296.2,"d":"3 296"},null,null,{"v":13.21172052660351,"d":"13.2"},null,null,{"v":1506.7394238542613,"d":"1 507"},null,null,{"v":32,"d":"32.0"},null,null,{"v":17.727919053861395,"d":"17.7"},null,null,27.5,null,null,31.9,null,null,34.9]
["1987",null,{"v":3232,"d":"3 232"},null,null,{"v":11.905384650902896,"d":"11.9"},null,null,{"v":24.749489149456828,"d":"24.7"},null,null,{"v":3859,"d":"3 859"},null,null,{"v":13.933859597334397,"d":"13.9"},null,null,{"v":1981.3623423683534,"d":"1 981"},null,null,31.5,null,null,{"v":20.146761925275847,"d":"20.1"},null,null,27.6,null,null,32.8,null,null,40.6]
["1988",null,{"v":3851,"d":"3 851"},null,null,{"v":11.934763213939092,"d":"11.9"},null,null,{"v":22.068470562140362,"d":"22.1"},null,null,{"v":4343.2,"d":"4 343"},null,null,{"v":14.113016011726787,"d":"14.1"},null,null,{"v":2001.175965792037,"d":"2 001"},null,null,{"v":1,"d":"1.0"},null,null,{"v":18.545755716589696,"d":"18.5"},null,null,-9.1,null,null,-4.7,null,null,3.3]
["1989",null,{"v":3993,"d":"3 993"},null,null,{"v":12.002382204837424,"d":"12.0"},null,null,{"v":19.79477782787422,"d":"19.8"},null,null,{"v":4992.8,"d":"4 993"},null,null,{"v":14.617082480855114,"d":"14.6"},null,null,{"v":2201.293562371241,"d":"2 201"},null,null,{"v":10,"d":"10.0"},null,null,{"v":18.133454976490306,"d":"18.1"},null,null,6.2,null,null,8.8,null,null,10.7]
["1990",null,{"v":4594,"d":"4 594"},null,null,{"v":13.226751059882602,"d":"13.2"},null,null,{"v":14.37923726984518,"d":"14.4"},null,null,{"v":5928.8,"d":"5 929"},null,null,{"v":15.420370441146014,"d":"15.4"},null,null,{"v":2447.83844135682,"d":"2 448"},null,null,11.2,null,null,{"v":15.65199122871006,"d":"15.7"},null,null,9.9,null,null,10.8,null,null,12.7]
["1991",null,{"v":5778,"d":"5 778"},null,null,{"v":15.182976967231143,"d":"15.2"},null,null,{"v":12.816328658230503,"d":"12.8"},null,null,{"v":6756.5,"d":"6 757"},null,null,{"v":15.46536738220281,"d":"15.5"},null,null,{"v":2677.935254844361,"d":"2 678"},null,null,9.4,null,null,{"v":14.868025864024293,"d":"14.9"},null,null,7.7,null,null,{"v":10,"d":"10.0"},null,null,11.7]
["1992",null,{"v":7273,"d":"7 273"},null,null,{"v":17.788686680068743,"d":"17.8"},null,null,{"v":18.287356001690913,"d":"18.3"},null,null,{"v":7391.2,"d":"7 391"},null,null,{"v":14.677658632987466,"d":"14.7"},null,null,{"v":2961.796391857864,"d":"2 962"},null,null,10.6,null,null,{"v":16.36116038465858,"d":"16.4"},null,null,10.7,null,null,13.1,null,null,14.6]
["1993",null,{"v":8504,"d":"8 504"},null,null,{"v":17.011443341141398,"d":"17.0"},null,null,{"v":15.93426332143939,"d":"15.9"},null,null,{"v":7843.7,"d":"7 844"},null,null,{"v":13.607678653809142,"d":"13.6"},null,null,{"v":3302.402976921518,"d":"3 302"},null,null,11.5,null,null,{"v":14.91079329469871,"d":"14.9"},null,null,10.4,null,null,{"v":12,"d":"12.0"},null,null,13.2]
["1994",null,{"v":8093,"d":"8 093"},null,null,{"v":14.251685338725672,"d":"14.3"},null,null,{"v":16.74433509694049,"d":"16.7"},null,null,{"v":8238.6,"d":"8 239"},null,null,{"v":12.85205942504335,"d":"12.9"},null,null,{"v":3593.014438890612,"d":"3 593"},null,null,8.8,null,null,{"v":14.355511815929155,"d":"14.4"},null,null,7.3,null,null,8.9,null,null,10.5]
["1995",null,{"v":9085,"d":"9 085"},null,null,{"v":14.015518696238072,"d":"14.0"},null,null,{"v":13.534677635135939,"d":"13.5"},null,null,{"v":8796,"d":"8 796"},null,null,{"v":12.16375456451544,"d":"12.2"},null,null,{"v":3876.86257956297,"d":"3 877"},null,null,7.9,null,null,{"v":13.006030159474458,"d":"13.0"},null,null,6.1,null,null,7.2,null,null,8.2]
["1996",null,{"v":9937,"d":"9 937"},null,null,{"v":13.164692387995425,"d":"13.2"},null,null,{"v":10.961605949528664,"d":"11.0"},null,null,{"v":9480,"d":"9 480"},null,null,{"v":11.142325159946221,"d":"11.1"},null,null,{"v":4283.933150417081,"d":"4 284"},null,null,10.5,null,null,{"v":11.014690718331565,"d":"11.0"},null,null,{"v":10,"d":"10.0"},null,null,10.9,null,null,11.8]
["1997",null,{"v":11877,"d":"11 877"},null,null,{"v":13.899951837199321,"d":"13.9"},null,null,{"v":8.992720694536406,"d":"9.0"},null,null,{"v":10135.4,"d":"10 135"},null,null,{"v":10.13785433179606,"d":"10.1"},null,null,{"v":5093.59651584591,"d":"5 094"},null,null,18.9,null,null,{"v":9.90211836128192,"d":"9.9"},null,null,17.9,null,null,19.2,null,null,20.4]
[]
[]
[]
["(a)","The table is intended to give an indication of longer returns and not too much attention should be paid to index numbers for individual years "]
[null,"before 1975. Returns are per cent per annum: \"10 year returns\" show average (compound) increase in the accumulation index over the 10 years"]
[null,"ending in the year shown. Accumulation indexes for bonds, shares and bills are those published by the Australian Stock Exchange (ASX)."]
["(b)","Index base December 1976=1000. From 1977, the Commonwealth Bank Bond Index for CGS of 5 to 10 year maturities. Earlier data is the ASX "]
[null,"bond index for similar maturities (which has been compiled back to 1928 on a base of 1930=100), rebased to December 1976=1000."]
["(c)","Compound return for the ASX \"all ordinaries\" accumulation index shown in the preceding table."]
["(d)","ASX bill accumulation index with a base of December 1976=1000. Data prior to 1976 estimated using the same methodology as the ASX index."]
["(e)","Average rates of return of funds participating in the Towers Perrin survey of pooled superannuation funds and its predecessors: data prior to 1970"]
[null,"are drawn from model fund calculations using estimated returns for different asset classes. Annual returns have been cumulated into index form."]
["(f)","Sedgwick Noble Lowndes survey of balanced superannuation funds."]
[]
["Sources:",null,"\"ASX Indices and Yields 1995\", Australian Stock Exchange Limited, Sydney."]
[null,null,"\"Monthly Index Analysis\", Australian Stock Exchange Limited, Sydney, monthly."]
[null,null,"\"Superfunds\", Association of Superannuation funds of Australia, Sydney, March 1994, May 1996."]
[null,null,"\"Superannuation Investment Performance Monitor\", Sedgwick Noble Lowndes, Melbourne, quarterly."]
["Updated 23 September 1997"]