RBA to pay back around 1,200 underpaid staff

Reserve Bank of Australia
The Reserve Bank of Australia
Photo: Alex Towle

Australia’s central bank will reimburse around 1,200 underpaid current and former staff with a total of A$1.15 million ($783,000), it said on June 14.

An internal review of its “more complex” remuneration arrangements found 1,173 current and former staff were affected, the Reserve Bank of Australia told Central Banking. The RBA’s governor, Phillip Lowe, admitted to parliament it had hired a firm mired in a major scandal over misuse of confidential information.

The RBA said it found problems

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