Reserve Bank of Australia Annual Report – 2003 Financial Statements Directors' Statement

In the opinion of the directors, the financial statements for the year ended 30 June 2003 give a true and fair view of the matters required by the Finance Minister's Orders 2002–03 made under the Commonwealth Authorities and Companies Act 1997. The Reserve Bank is and will be able to pay its debts as and when they become due.

IJ Macfarlane
Chairman, Reserve Bank Board
13 August 2003