Reserve Bank of Australia Annual Report – 2005 Financial Statements Note 14

Note 14 REMUNERATION OF AUDITOR

Fees paid or payable to the statutory auditor (Auditor-General of the Commonwealth of Australia) for audit services (excluding GST) totalled $196,000 in 2004/05 ($186,000 in 2003/04). These fees are included in Consultants' Fees, Legal Fees and Payments to Contractors in Note 2. In addition, fees for work related to the RBA's accounting policies and financial statements under AIFRS are estimated at about $71,000 (excluding GST).