Note 10 – Other Liabilities | Financial Statements | Reserve Bank of Australia Annual Report – 2017

Reserve Bank of Australia Annual Report – 2017 Financial Statements Note 10 – Other Liabilities

	Note	2017 $M	2016 $M
Provisions
Provision for annual and other leave		21	19
Provision for long service leave		44	43
Provision for post-employment benefits		106	125
Other		–	1
		171	188
Other
Securities sold under agreements to repurchase	1(b)	1,580	4,526
Payable for unsettled purchases of securities		1,533	1,809
Foreign currency swap liabilities	1(b), 15	1,150	1,861
Interest accrued on deposits		95	64
Superannuation liability	1(i), 14	55	397
Other		87	91
		4,500	8,748
Total Other Liabilities as at 30 June		4,671	8,936

The RBA's provision for its post-employment benefits was $18.9 million lower in 2016/17, largely due to an increase in the discount rate. Benefits of $4.6 million were paid out of the provision for post-employment benefits in 2016/17. The balance of the provision for post-employment benefits will change if assumptions about the length of staff service, the longevity of retired staff, future movements in medical costs or the discount rate vary.

Other provisions consist of $488,000 for workers compensation ($694,000 at 30 June 2016).