Reserve Bank of Australia Annual Report – 2002 Financial Statements Note 11 – Special Redundancy/retirement Payments

The RBA's expenses in 2001/02 include $4 million paid or payable to, or on behalf of, staff who accepted special redundancy/retirement offers. Corresponding payments in 2000/01 totalled $3 million. Staff leaving the RBA in 2001/02 under these arrangements numbered 31 (46 in 2000/01).