Reserve Bank of Australia Annual Report 2022-23

Corporate Commonwealth Entity · Commonwealth · No report date recorded

Total expenses: $20.12 billion
Ongoing staff: 1,575

Official source

Transparency Portal data for this report (JSON)

transparency.gov.au

Published headline figures

Income statement extract

Total expenses: $20.12 billion (20,123,803 in $'000)
Employee benefits: $331.3 million (331,253 in $'000)
Suppliers: $362 million (362,036 in $'000)
Revenue from government: $0 (0 in $'000)
Own-source income: $14.18 billion (14,176,339 in $'000)

Income statement table on the Transparency Portal (JSON)

Staff

Ongoing staff: 1,575 people
Ongoing staff table on the Transparency Portal (JSON)

Staff numbers are headcounts as published in the all ongoing and all non-ongoing employee tables, not full-time equivalents.

Published disclosure tables 2

Information about remuneration for key management personnel26 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for key management personnel · Licence entity-copyright

Key management personnel remuneration is reported on an accrual basis for the period each person held the role, so part-year amounts are not annual salaries.

Name	Position	Base salary	Other benefits	Superannuation	Long service leave	Total
Philip Lowe	Governor	974,602	9,210	123,054	40,599	1,147,465
Michele Bullock	Deputy Governor	701,739	9,210	92,291	25,073	828,313
Michelle McPhee	Assistant Governor, Business Services	516,503	40,006	94,975	56,474	707,958
Susan Woods	Assistant Governor, Corporate Services	559,268	40,006	61,406	26,694	687,374
Luci Ellis	Assistant Governor, Economic	495,997	40,006	91,973	32,356	660,332
Christopher Kent	Assistant Governor, Financial Markets	516,072	39,521	102,502	55,220	713,315
Brad Jones	Assistant Governor, Financial System	491,631	38,246	54,001	24,391	608,269
Mark Barnaba	Member - Reserve Bank Board	103,035	0	0	0	103,035
Mark Barnaba	Chair - Reserve Bank Audit Committee	29,776	0	0	0	29,776
Wendy Craik	Member - Reserve Bank Board	67,741	0	7,113	0	74,854
Ian Harper	Member - Reserve Bank Board	79,760	0	8,375	0	88,135
Carolyn Hewson	Member - Reserve Bank Board	79,760	0	8,375	0	88,135
Steven Kennedy	Member - Reserve Bank Board	0	0	0	0	0
Iain Ross	Member - Reserve Bank Board	12,019	0	1,262	0	13,281
Carol Schwartz	Member - Reserve Bank Board	79,760	0	8,375	0	88,135
Alison Watkins	Member - Reserve Bank Board	88,135	0	0	0	88,135
Alison Watkins	Member - Reserve Bank Audit Committee	12,741	0	0	0	12,741
Wayne Byres	Member - Payments System Board	0	0	0	0	0
Gina Cass-Gottlieb	Member - Payments System Board	0	0	0	0	0
Scott Farrell	Member - Payments System Board	62,660	0	6,579	0	69,239
John Lonsdale	Member - Payments System Board	0	0	0	0	0
Deborah Ralston	Member - Payments System Board	62,660	0	6,579	0	69,239
Greg StoreyAs published, the parts do not add up to the total.	Member - Payments System Board	62,660	0	6,579	0	12,141
Catherine Walter	Member - Payments System Board	10,987	0	1,154	0	12,141
Sandra Birkensleigh	Member - Reserve Bank Board Audit Committee	11,530	0	1,211	0	12,741
Rahoul Chowdry	Member - Reserve Bank Board Audit Committee	11,530	0	1,211	0	12,741

Information about remuneration for senior executives15 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for senior executives · Licence entity-copyright

Senior executive and other highly paid staff rows are bands with a count and averages, not individuals. Never multiply or add averages across bands, bodies or years.

Pay band	People	Average base salary	Average other benefits	Average superannuation	Average long service leave	Average total
0- 220000	8	86,051	12,371	14,726	4,846	117,994
270001 - 295000	1	156,604	38,306	54,697	34,609	284,216
320001 - 345000	2	229,531	38,306	42,945	23,628	334,410
345001 - 370000	1	265,944	38,306	46,835	16,058	367,143
370001 - 395000	6	277,719	36,354	49,918	21,234	385,225
395001 - 420000	7	288,649	38,237	53,397	23,065	403,348
420001 - 445000	8	315,128	38,245	55,172	23,957	432,502
445001 - 470000	1	322,366	38,306	59,971	33,494	454,137
470001 - 495000	5	348,266	38,306	59,959	36,813	483,344
495001 - 520000	1	395,338	38,306	46,975	15,982	496,601
520001 - 545000	1	438,963	38,306	48,093	8,767	534,129
545001 - 570000	4	417,687	38,197	63,698	37,356	556,938
570001 - 595000	1	432,362	38,306	64,655	50,808	586,131
620001 - 645000	2	477,269	38,063	77,002	38,657	630,991
770001 - 795000	2	314,513	381,041	53,501	34,278	783,333