Governance Board Audit and Risk Committee

The Reserve Bank’s Audit and Risk Committee is a sub-committee of the Governance Board. It supports the Governance Board by reviewing the appropriateness of its:

  • 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 and Risk Committee’s work in pursuit of these objectives assists the Governance Board in fulfilling certain obligations in terms of the Reserve Bank Act 1959 and the Public Governance, Performance and Accountability Act 2013.

The Audit and Risk Committee’s Charter is approved by the Governance Board.

A list of past members of the Reserve Bank Board Audit Committee (previous Committee before the creation of the Governance Board in March 2025) is published on this website.

The current members of the Audit and Risk Committee are:

Photograph of David Thodey

Chair: David Thodey AO

BA (Victoria, Wellington), PostGradDipGenMan (Northwestern Kellogg School of Management)

Member since 11 March 2025
Present term ends 31 August 2029

Chancellor – University of Sydney
Chair – Fitness Passport
Chair – Ramsay Health Care
Chair – Xero
Co-Chair – Great Barrier Reef Foundation
Advisor – Bank of America
Advisor – ServiceNow

Photograph of Rahoul Chowdry

Non-executive Member: Rahoul Chowdry

BCom (Hons) (Calcutta)

Member since 11 March 2025
Present term ends 9 September 2025

Senior Advisor – MinterEllison
Member – Audit & Risk Committee, MinterEllison Board of Partners
Non-executive Director, Audit Committee Chair, Nominations Committee Member and Risk Committee Member – AMP Ltd
Non-executive Director, Audit Committee Chair and Risk Committee Member – AMP Bank Ltd

Photograph of Greg Couttas

Non-executive Member: Greg Couttas

BCom (UNSW)

Member since 11 March 2025
Present term ends 9 September 2025

Chair – Hireup Holdings Pty Ltd
Non-executive Director, Audit and Risk Committee Chair, Safety, Culture and Remuneration Committee Member, Economic Regulation Committee Member and Nominations Committee Member – Sydney Water Corporation
Board Member, Audit and Risk Committee Chair and Remuneration Committee Member – The Salvation Army Australian Territory

Photograph of Swati Dave

Non-executive Member: Swati Dave

BCom (Newcastle)

Member since 11 March 2025
Present term ends 31 August 2029

Chair – Centre for Australia-India Relations Advisory Board
Non-executive Director – Australian Financial Complaints Authority
Non-executive Director – Treasury Corporation of Victoria
Independent Member – QIC Global Infrastructure Investment Committee
Member –Trade 2040 Taskforce
Multicultural Ambassador – Cricket Australia

Photograph of Danny Gilbert

Non-executive Member: Danny Gilbert AM

LLB (Sydney)

Member since 11 March 2025
Present term ends 28 February 2030

Co-founder and Chair – Gilbert + Tobin
Chair – Cape York Partnership Group Pty Ltd
Director – Business Council of Australia
Director – Impact Investing Australia Limited
Member – Sydney Harbour Federation Trust
Member – Advisory Committee, Gilbert + Tobin Centre of Public Law, University of New South Wales
Member – Global Foundation Advisory Committee

Photograph of Elana Rubin

Non-executive Member: Elana Rubin AM

BA (Hons) (Melb), MA (Melb)

Member since 11 March 2025
Present term ends 31 August 2028

Chair – Australian Business Growth Fund
Chair – Victorian Managed Insurance Authority
Chair – Infoxchange
Non-executive director – Dexus Funds Management Limited
Non-executive director – Slater and Gordon Ltd
Non-executive director – Telstra Corporation Limited
Non-executive director – WestConnex/Sydney Transport Partners
Non-executive director – The Dor Foundation