Reserve Bank of Australia Annual Report – 2018 Financial Statements Note 10 – Other Liabilities

  Note 2018 $M 2017 $M
Provisions
Provision for annual and other leave   21 21
Provision for long service leave   43 44
Provision for post-employment benefits   94 106
Other   1 –
    159 171
Other
Securities sold under agreements to repurchase 1(b) 1,797 1,580
Payable for unsettled purchases of securities 1(b) 694 1,533
Foreign currency swap liabilities 1(b), 15 219 1,150
Interest accrued on deposits   76 95
Superannuation liability 1(i), 14 – 55
Other   91 87
    2,877 4,500
Total Other Liabilities as at 30 June   3,036 4,671

The RBA's provision for its post-employment benefits was $11.8 million lower in 2017/18, largely due to a decline in the assumed growth rate for the cost of providing these benefits in future periods. Benefits of $4.6 million were paid out of the provision for post-employment benefits in 2017/18. 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 costs of providing benefits, or the discount rate varies.

Other provisions consist of $622,000 for workers compensation ($488,000 at 30 June 2017).