Reserve Bank of Australia Annual Report 2025-26

Corporate Commonwealth Entity · Commonwealth · Published 30 October 2026

Total expenses: $20.33 billion
Ongoing staff: 1,426

Official source

Transparency Portal data for this report (JSON)

transparency.gov.au

Published headline figures

Income statement extract

Total expenses: $20.33 billion (20,330,739 in $'000)
Employee benefits: $526.6 million (526,641 in $'000)
Suppliers: $667.7 million (667,749 in $'000)
Revenue from government: $0 (0 in $'000)
Own-source income: $11.87 billion (11,869,815 in $'000)

Income statement table on the Transparency Portal (JSON)

Staff

Ongoing staff: 1,426 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 3

Information about remuneration for key management personnel31 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
Michele Bullock	Governor	1,015,012	31,346	135,636	41,471	1,223,465
Andrew Hauser	Deputy Governor	903,217	0	30,071	21,744	955,033
Susan Woods	Chief Operating Officer	772,332	10,078	91,935	31,198	905,543
Michelle McPhee	Assistant Governor, Business Services	565,332	42,154	109,275	52,962	769,722
Sarah Hunter	Assistant Governor, Economic	589,690	42,154	95,186	16,813	743,842
Christopher Kent	Assistant Governor, Financial Markets	644,607	41,744	114,804	67,628	868,784
Bradley Jones	Assistant Governor, Financial System	623,847	42,154	74,741	26,766	767,508
Carol Schwartz	Deputy Chair – Governance Board	105,030	0	12,604	0	117,634
David Thodey	Member – Governance Board	102,644	0	2,849	0	105,493
David Thodey	Chair – Governance Board Audit and Risk Committee	27,702	0	769	0	28,470
Swati Dave	Member – Governance Board	94,190	0	11,303	0	105,493
Swati Dave	Member – Governance Board Audit and Risk Committee	12,720	0	1,526	0	14,246
Danny Gilbert	Member – Governance Board	94,190	0	11,303	0	105,493
Danny Gilbert	Member – Governance Board Audit and Risk Committee	12,720	0	1,526	0	14,246
Elena Rubin	Member – Governance Board	105,493	0	0	0	105,493
Elena Rubin	Member – Governance Board Audit and Risk Committee	14,246	0	0	0	14,246
Jennifer Westacott	Member – Governance Board	94,190	0	11,303	0	105,493
Marnie Baker	Member – Monetary Policy Board	94,190	0	11,303	0	105,493
Renee Fry-McKibbin	Member – Monetary Policy Board	97,008	0	8,485	0	105,493
Ian Harper	Member – Monetary Policy Board	94,190	0	11,303	0	105,493
Carolyn Hewson	Member – Monetary Policy Board	94,190	0	11,303	0	105,493
Jenny Wilkinson	Member – Monetary Policy Board	0	0	0	0	0
Iain Ross	Member – Monetary Policy Board	94,190	0	11,303	0	105,493
Alison Watkins	Member – Monetary Policy Board	62,707	0	7,525	0	70,232
Bruce Preston	Member – Monetary Policy Board	31,483	0	3,778	0	35,261
Ross Buckley	Member – Payments System Board	69,080	0	8,290	0	77,370
Gina Cass-Gottlieb	Member – Payments System Board	0	0	0	0	0
Michelle Deaker	Member – Payments System Board	69,080	0	8,290	0	77,370
Scott Farrell	Member – Payments System Board	30,660	0	3,679	0	34,339
John Lonsdale	Member – Payments System Board	0	0	0	0	0
Deborah Ralston	Member – Payments System Board	69,080	0	8,290	0	77,370

Information about remuneration for senior executives18 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 termination	Average total
0- 220000	6	56,125	7,645	9,442	3,301	0	76,513
220001 - 245000	3	169,866	20,392	26,502	9,163	0	225,923
245001 - 270000	2	189,084	27,141	29,875	8,421	0	254,522
295001 - 320000	2	238,622	18,337	42,455	1,023	0	300,437
320001 - 345000	4	255,661	34,411	40,518	7,430	0	338,020
370001 - 395000	6	286,340	39,463	49,198	11,239	0	386,240
395001 - 420000	14	309,746	36,334	50,877	9,666	0	406,623
420001 - 445000	8	323,945	40,297	58,110	11,914	0	434,265
445001 - 470000	3	341,700	40,724	58,415	12,518	0	453,358
470001 - 495000	4	353,889	63,510	55,139	11,460	0	483,998
495001 - 520000	9	386,962	40,786	67,644	17,120	0	512,512
520001 - 545000	6	410,223	40,300	66,250	15,149	0	531,922
545001 - 570000	2	443,876	40,286	67,288	12,955	0	564,405
570001 - 595000	3	458,856	40,242	72,026	15,356	0	586,479
645001 - 670000	1	537,354	40,242	66,445	9,198	0	653,239
795001 - 820000	1	209,220	18,883	20,190	-5,949	575,768	818,113
895001 - 920000	1	284,955	545,499	62,191	21,834	0	914,479
1120001 - 1145000	1	295,385	759,927	52,624	15,664	0	1,123,600

Information about remuneration for other highly paid staff15 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for other highly paid staff · 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 termination	Average total
265000 - 270000	21	194,069	15,816	32,306	7,013	18,131	Not stated
270001 - 295000	89	211,224	28,162	33,588	7,127	1,906	Not stated
295001 - 320000	58	232,557	26,287	39,684	8,067	0	Not stated
320001 - 345000	19	245,216	34,255	40,333	10,077	0	Not stated
345001 - 370000	14	261,079	37,112	44,146	12,719	0	Not stated
370001 - 395000	8	222,358	112,150	37,807	9,337	0	Not stated
395001 - 420000	3	325,286	24,356	46,107	9,329	0	Not stated
420001 - 445000	2	279,209	90,762	48,334	9,140	0	Not stated
520001 - 545000	1	145,545	352,190	25,135	5,426	0	Not stated
570001 - 595000	1	135,539	428,945	21,689	4,120	0	Not stated
620001 - 645000	2	119,078	231,082	22,040	-604	260,999	Not stated
645001 - 670000	1	202,001	400,400	35,644	8,295	0	Not stated
720001 - 745000	1	136,242	563,054	24,581	3,950	0	Not stated
745001 - 770000	1	241,713	465,236	53,306	9,281	0	Not stated
895001 - 920000	1	208,843	643,515	37,782	17,527	0	Not stated