RBA profits

The RBA does not make a profit each and every year. What is important to note is that in terms of Section 30 of the Reserve Bank Act 1959, the profits of the RBA are dealt with as follows:

(a) such amount as the Treasurer, after consultation with the Reserve Bank Board, determines is to be set aside for contingencies; and
(b) such amount as the Treasurer, after consultation with the Reserve Bank Board, determines shall be placed to the credit of the Reserve Bank Reserve Fund; and
(c) the remainder shall be paid to the Commonwealth.

 

RBA profit figures

Profits as % of balance sheet

 RBA-profit-distribution  RBA-profits

In summary - after providing for contingencies and placing some profits into a Reserve Fund, the profits of the RBA are paid to the Commonwealth.