Reserve Bank of Australia Annual Report – 2001 Financial Statements Note 11 – Special Redundancy/Retirement Payments

The RBA's expenses in 2000/01 include $3 million paid or payable to, or on behalf of, staff who accepted special redundancy/retirement offers. Corresponding payments in 1999/2000 totalled $10 million. Staff leaving the RBA in 2000/01 under these arrangements numbered 46 (99 in 1999/2000).