Commonwealth entities that trade in financial assets and liabilities and operates commercially in the financial markets. PFCs are entities which perform central banking functions, accept demand, time or savings deposits, or have the authority to incur liabilities and acquire financial assets in the market of their own account (e.g. Reserve Bank of Australia and Australian Reinsurance Pool Corporation).
This sector classification enables the collection of financial information on the performance of Commonwealth entities and companies in the Commonwealth public sector, and is classified by institutional sector, as defined and required by Australian equivalents of international standards - known as Government Finance Statistics. The other sector classifications are general government sector (GGS) and public non-financial corporation sector (PNFC).