Reserve Bank of Australia Annual Report – 2020 Financial Statements Note 10 – Other Liabilities

  Note 2020
Provision for annual and other leave   25 22
Provision for long service leave   50 49
Provision for post-employment benefits   100 108
Other   9 9
    184 188
Securities sold under agreements to repurchase 1(b) 22 350
Payable for unsettled purchases of securities 1(b) 579 1,084
Cash payable for gold loaned under gold swaps 1(b) 884
Foreign currency swap liabilities 1(b) 90 592
Interest accrued on deposits 1(b) 12 47
Superannuation liability 1(j), 14 247 177
Other   111 95
    1,945 2,345
Total Other Liabilities as at 30 June   2,129 2,533

The RBA's provision for its post-employment benefits was $7.8 million lower in 2019/20, largely due to a decline in the assumed growth rate for the cost of providing these benefits in future periods. Benefits of $4.7 million were paid out of the provision for post-employment benefits in 2019/20. 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 costs of providing benefits, or discount rates vary.

Other provisions include amounts for legal matters, redundancies and workers compensation.

Other liabilities include contract liabilities of $32.1 million relating to unearned revenue from the provision of the CLF (Note 1(m)) and $22.8 million in lease liabilities. Interest on lease liabilities was $0.3 million in 2019/20.