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The New Daily
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The New Daily

‘Destroys trust’: Philip Lowe reveals RBA hired embattled PwC over staff underpayment scandal

Philip Lowe PwC RBA Tanya Plibersek
The RBA contracted PwC to help it sort out an underpayment scandal at the bank, governor Philip Lowe has revealed. Photo: AAP

Reserve Bank boss Philip Lowe has confirmed the central bank has underpaid staff, revealing embattled consultancy PwC was hired to help fix the problem.

Appearing at Senate estimates on Wednesday, Dr Lowe said errors in paying entitlements led to an unspecified number of RBA employees being underpaid as much as several thousand dollars.

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