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Senator RENNICK: …I’d also like to raise the issue of the RBA’s management of Australia’s gold in London. Australia owns 80 tons of gold that’s held at the Bank of England. The RBA has disclosed that that 80 tons was refined in 2015 and onwards. They were never informed by the Bank of England until after that event had occurred. I’m curious to know what the AFP’s view is on the fact that the RBA wasn’t even aware that 80 tons of gold, which has a market value of $6 billion, isn’t being properly managed by an independent statutory authority. Mr Kershaw: I’ll take that on notice, noting that I don’t know if we have any remit on that. But we’ll come back to you.

Question Number: 85
PDR Number: LCC-OBE22-85
Date Submitted: 08/11/2022
Department or Body: Australian Federal Police

The AFP has not received a report of crime regarding Australian gold bars held by the Bank of England in London.

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