Search: RBRF
RBA Glossary definition for RBRF
RBRF – Reserve Bank Reserve Fund. A general reserve which provides for events which are contingent and non-foreseeable, including to cover exceptional losses on RBA's holdings of domestic and foreign securities that cannot be absorbed by its other resources; the RBRF also provides for potential losses from fraud and other non-insured losses. Amounts set aside for this reserve are determined by the Treasurer after consultation with the Board.
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Note 1 – Summary of Accounting Policies | Financial Statements
24 Aug 2001
RBA Annual Report
– 2001
The decision was made to transfer the funds in the RCGP to the RBRF, and to close the RCGP. ... The RBRF is now a general reserve providing for all risks previously covered by both the RBRF and RCGP.
https://www.rba.gov.au/publications/annual-reports/rba/2001/fin-statements/note-1.html
Note 3 – Distribution Payable to the Commonwealth
12 Apr 2020
RBA Annual Report
– 2020
Net profits of the RBA, less amounts transferred to the RBRF, are paid to the Commonwealth as required by section 30 of the Reserve Bank Act (see Note 1(h)). ... As the Board regarded the balance of the RBRF as appropriate for the risks held on the
https://www.rba.gov.au/publications/annual-reports/rba/2020/financial-statements/note-3.html
Note 1 – Accounting Policies | Financial Statements
25 Oct 2010
RBA Annual Report
– 2010
Reserve Bank Act 1959. The Reserve Bank Reserve Fund (RBRF) is also established by the. ... The Reserve Bank Board assesses the adequacy of the balance of the RBRF each year.
https://www.rba.gov.au/publications/annual-reports/rba/2010/fin-statements/note-1.html
Abbreviations
21 Oct 2021
RBA Annual Report
– 2021
RAP. Reconciliation Action Plan. RBA. Reserve Bank of Australia. RBRF. Reserve Bank Reserve Fund.
https://www.rba.gov.au/publications/annual-reports/rba/2021/abbreviations.html
Reserve Bank of Australia Annual Report – 2012
10 Sep 2012
Annual Report
The Deputy Prime Minister and Treasurer determined that a sum of $596 million be placed to the credit of the RBRF from earnings available for distribution in 2011/12 and a
https://www.rba.gov.au/publications/annual-reports/rba/2012/
Note 1 – Accounting Policies | Financial Statements
16 Oct 2013
RBA Annual Report
– 2013
The RBRF also provides for other risks to which the RBA is exposed, including fraud and operational risk. ... The Reserve Bank Board assesses the adequacy of the balance of the RBRF each year.
https://www.rba.gov.au/publications/annual-reports/rba/2013/fin-statements/note-1.html
Earnings, Distribution and Capital
20 Sep 2018
RBA Annual Report
– 2018
The remainder of distributable earnings after any transfer to the RBRF is payable as a dividend to the Commonwealth. ... The RBRF is the Reserve Bank's general reserve and is the main component of the Bank's capital.
https://www.rba.gov.au/publications/annual-reports/rba/2018/earnings-distribution-and-capital.html
Earnings and Distribution
10 Sep 2012
RBA Annual Report
– 2012
The RBRF was substantially depleted in 2009/10 and 2010/11 as it absorbed accounting losses. ... In addition to the RBRF, the Reserve Bank maintains a number of other financial reserves.
https://www.rba.gov.au/publications/annual-reports/rba/2012/earnings-dist.html
Note 3 – Distribution Payable to the Commonwealth
17 Oct 2019
RBA Annual Report
– 2019
Net profits of the RBA, less amounts transferred to the RBRF, are paid to the Commonwealth as required by section 30 of the Reserve Bank Act (see Note 1(h)). ... As the Board regarded the balance of the RBRF as appropriate for the risks held on the
https://www.rba.gov.au/publications/annual-reports/rba/2019/financial-statements/note-3.html
Note 1 | Financial Statements
20 Aug 2009
RBA Annual Report
– 2009
The RBRF has been funded over the years by transfers from earnings available for distribution and is, in all respects, essentially capital. ... The Reserve Bank Board assesses the adequacy of the balance of the RBRF each year.
https://www.rba.gov.au/publications/annual-reports/rba/2009/fin-statements/note-1.html