Reserve Bank of Australia Annual Report – 2018 Financial Statements Note 13 – Auditor's Remuneration
| 2018 $ |
2017 $ |
|
|---|---|---|
| Fees paid or payable to the statutory auditor (Australian National Audit Office) for audit services | 425,000 | 459,000 |
KPMG has been contracted by the Australian National Audit Office (ANAO) to provide audit services for the external audit of the RBA and the RBA's subsidiary NPA. The amount for 2016/17 also included audit services for the Reserve Bank of Australia Officers' Superannuation Fund (OSF), which was transferred to a multi-employer fund via a successor fund transfer in March 2017.
During 2017/18, KPMG earned additional fees of $125,286 for non-audit services that were separately contracted by the RBA ($80,069 in 2016/17). These fees, which included taxation services and advice provided to the RBA and the OSF, are mainly included in General administrative expenses in Note 2.