Record mining profits sparked a flood of dividend payments offshore in the September quarter, more than offsetting a strong trade balance and ending a string of 13 consecutive current account surpluses.
The result disappointed market expectations, with the $2.3 billion deficit well below an expected surplus of $6 billion.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
