Reserve Bank of Australia Annual Report – 2006 Financial Statements Note 13

Note 13 REMUNERATION OF AUDITOR

Fees paid or payable to the statutory auditor (Auditor-General of the Commonwealth of Australia) for audit services (excluding GST) totalled $227,000 in 2005/06 ($196,000 in 2004/05); this includes audit services in relation to the RBA's subsidiary Note Printing Australia. 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 in 2004/05 are estimated at $71,000 (excluding GST).