Reserve Bank of Australia annual report reveals government dividend

reserve-bank-of-australia

The Reserve Bank of Australia's 2011 annual report, published on September 20, reveals the central bank will pay the government a A$500 million ($520 million) dividend, the first it has paid in three years.

The dividend was determined by the Australian deputy prime minister and treasurer, and will be taken from the central bank's net profit of A$1.076 billion.

The governor, Glenn Stevens, said it was the board's view that the central bank's capital buffers need to be replenished over the course

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.