Reserve Bank of Australia Annual Report – 1991 Financial Statements Special Voluntary Termination/Retirement Payments

Note 11 Special Voluntary Termination/Retirement Payments

The Bank's expenses in 1990/91 include $3.7 million payments made to 30 staff who accepted special voluntary termination/retirement offers. Corresponding payments in 1989/90 totalled $22.3 million for 245 staff.