Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 10 – Other Liabilities

  Note 2016
$M
2015
$M
Provisions
Provision for annual and other leave   19 18
Provision for long service leave   43 39
Provision for post-employment benefits   125 92
Other   1
    188 149
Other
Securities sold under agreements to repurchase 1(b) 4,526 1,780
Payable for unsettled purchases of securities   1,809 1,556
Interest accrued on deposits   64 59
Superannuation liability 1(i), 14 397 64
Other   1,952 968
    8,748 4,427
Total Other Liabilities as at 30 June   8,936 4,576

The RBA's provision for its post-employment benefits was $33.1 million higher in 2015/16, largely due to a decrease in the discount rate. Benefits of $4.6 million were paid out of the provision for post-employment benefits in 2015/16. The balance of the provision for post-employment benefits will change if assumptions about the length of staff service, the longevity of retired staff, future movements in medical costs or the discount rate vary.

Other provisions consist of $694,000 for workers compensation ($416,000 at 30 June 2015).