Reserve Bank of Australia Annual Report – 2000 Financial Statements Note 11 – Special Redundancy/Retirement Payments

The RBA's expenses in 1999/2000 include $10 million paid or payable to, or on behalf of, staff who accepted special redundancy/retirement offers. Corresponding payments in 1998/99 totalled $18.4 million. Staff leaving the RBA in 1999/2000 under these arrangements numbered 99 (155 in 1998/99).