Reserve Bank Board Audit Committee
The Reserve Bank Board Audit Committee assists the Governor (as the Reserve Bank's accountable authority) and the Reserve Bank Board in relation to reviewing the appropriateness of the Reserve Bank's:
- financial reporting, including the financial statements in the annual report
- performance reporting, including the annual performance statement in the annual report
- systems of risk oversight and management
- systems of internal control.
The Audit Committee's work in pursuit of these objectives assists the Governor and the Reserve Bank Board in fulfilling certain obligations in terms of the Reserve Bank Act 1959 and the Public Governance, Performance and Accountability Act 2013.
The Audit Committee's Charter is approved by the Reserve Bank Board.
A list of previous and current members of the Reserve Bank Board Audit Committee is published on this website.
The current members of the Reserve Bank Board Audit Committee are:
Chair: Mark Barnaba AM
Member since 23 July 2018
Chair since 8 August 2018
Present term ends 30 August 2023
Member – Reserve Bank Board
Deputy Chair and Lead Independent Director – Fortescue Metals Group Ltd
Chair – Audit and Risk Management Committee, Fortescue Metals Group Ltd
Chair – GLX
Chair – Investment Committee, HBF Health Limited
Emeritus Board Member – The University of Western Australia Business School Board
Board Member – The Centre for Independent Studies
Adjunct Professor – Investment Banking and Finance, The University of Western Australia
Senior Fellow – EY Oceania
Senior Advisory Board Member – Appian Capital Advisory
Sandra Birkensleigh
Member since 9 September 2015
Present term ends 8 September 2023
Chair, Non-executive Director, Audit Committee Member and Remuneration Committee Member – Auswide Bank Limited
Non-executive Director, Audit and Risk Committee Chair and Remuneration and Nominations Committee Member – Adore Beauty Limited
Non-executive Director, Audit Committee Chair and Risk and Remuneration Committee Member – Horizon Oil Limited
Non-executive Director, Audit Committee Chair, Risk Committee Member and People and Remuneration Committee Member – MLC (Insurance) Limited
Non-executive Director, Audit Committee Chair and People and Remuneration Committee Member – National Disability Insurance Agency
Non-executive Director, Risk Committee Chair and Strategy Committee Member – 7–11 Holdings Limited and its subsidiaries
Non-executive Director and Audit Committee Chair – The Tasmanian Public Finance Corporation
Member – Chartered Accountants Australia and New Zealand
Member – Australian Institute of Company Directors
Rahoul Chowdry
Member since 14 February 2018
Present term ends 13 February 2026
Senior Advisor – MinterEllison
Member – Audit & Risk Management Committee, MinterEllison Board of Partners
Non-executive Director, Risk Committee Chair, Audit Committee Member, Nominations Committee Member and Remuneration Committee Member – AMP Limited
Non-executive Director, Risk Committee Chair and Audit Committee Member – AMP Bank Limited
FCA – Chartered Accountants Australia and New Zealand
Alison Watkins AM
Member since 3 February 2021
Present term ends 16 December 2025
Member – Reserve Bank Board
Chancellor – University of Tasmania
Non-executive Director – CSL Limited
Non-executive Director – The Centre for Independent Studies
Non-executive Director – Wesfarmers Limited