Reserve Bank Board Audit Committee

The Reserve Bank Board Audit Committee assists the Governor (as the Reserve Bank's accountable authority) and the Reserve Bank Board in relation to reviewing the appropriateness of the Reserve Bank's:

  • financial reporting, including the financial statements in the annual report
  • performance reporting, including the annual performance statement in the annual report
  • systems of risk oversight and management
  • systems of internal control.

The Audit Committee's work in pursuit of these objectives assists the Governor and the Reserve Bank Board in fulfilling certain obligations in terms of the Reserve Bank Act 1959 and the Public Governance, Performance and Accountability Act 2013.

The Audit Committee's Charter is approved by the Reserve Bank Board.

A list of previous and current members of the Reserve Bank Board Audit Committee is published on this website.

The current members of the Reserve Bank Board Audit Committee are:

Photograph of Mark Barnaba

Chair: Mark Barnaba AM

Member since 23 July 2018
Chair since 8 August 2018
Present term ends 30 August 2022

Member – Reserve Bank Board

Deputy Chair – Fortescue Metals Group Ltd
Chair – Audit and Risk Management Committee, Fortescue Metals Group Ltd
Chair – GLX
Chair – Investment Committee, HBF Health Limited
Emeritus Board Member – The University of Western Australia Business School Board
Board Member – The Centre for Independent Studies
Adjunct Professor – Investment Banking and Finance, The University of Western Australia
Senior Fellow – EY Oceania
Senior Advisory Board Member – Appian Capital Advisory

Photograph of Sandra Birkensleigh

Sandra Birkensleigh

Member since 9 September 2015
Present term ends 8 September 2023

Chair, Non-Executive Director, Member of Audit Committee and Member of Remuneration Committee – Auswide Bank Limited
Non-Executive Director, Chair of Audit Committee and Member of Risk and Remuneration Committee – Horizon Oil Limited
Non-Executive Director, Chair of Audit Committee and Member of Risk and People and Remuneration Committees – MLC (Insurance) Limited
Non-Executive Director, Chair of Audit Committee and Member of People and Remuneration Committee – National Disability Insurance Agency
Non-Executive Director, Chair of Risk Committee and Member of Strategy Committee – 7–11 Holdings Limited and its subsidiaries
Non-Executive Director and Chair of Audit Committee – The Tasmanian Public Finance Corporation
Member – Chartered Accountants Australia and New Zealand
Member – Australian Institute of Company Directors

Photograph of Rahoul Chowdry

Rahoul Chowdry

Member since 14 February 2018
Present term ends 13 February 2023

Senior Advisor – MinterEllison
Non-Executive Director – AMP Limited
Non-Executive Director – AMP Bank Limited
Chair – Risk Committee, AMP Limited
Chair – Risk Committee, AMP Bank Limited
Member – Audit Committee, AMP Limited
Member – Nominations Committee, AMP Limited
Member – Remuneration Committee, AMP Limited
Member – Audit Committee, AMP Bank Limited
Member – Audit & Risk Management Committee, MinterEllison Board of Partners
FCA – Institute of Chartered Accountants in Australia and New Zealand
FCA – Institute of Chartered Accountants in England and Wales

Photograph of Alison Watkins

Alison Watkins

Member since 3 February 2021
Present term ends 16 December 2025

Member – Reserve Bank Board

Chancellor – University of Tasmania
Non-executive Director – The Centre for Independent Studies
Non-executive Director – CSL Limited
Non-executive Director – Wesfarmers Limited