Quote:

' Treasurer Wayne Swan reneged on an in-principle agreement not to raid the Reserve Bank of Australia’s emergency fund to deliver his now-abandoned budget surplus this year.'  end quote

http://www.afr.com/p/national/rba_emergency_fund_at_risk_after_VQ6HFtzqu0dg5togJgskTI

Quote:

' Treasurer Wayne Swan rejected advice and warnings from Treasury officials, and reneged on an “in-principle agreement” that was repeatedly recorded by Treasury, when he decided to strip $500 million out of the RBA to save his 2012-13 budget surplus goal, new documents reveal'  end quote

http://www.afr.com/p/national/treasury_distances_itself_from_swan_ad8szgSVMM5AQWuMvMsmXP

Quote:

'

WAYNE Swan's order forcing the Reserve Bank to pay the government a $500 million dividend last year overturned his earlier agreement that the bank should use its profits to rebuild badly depleted reserves.

The Treasurer demanded the dividend in the face of pleas from governor Glenn Stevens that it would leave the bank "significantly" short of capital.'  end quote

http://www.theaustralian.com.au/national-affairs/policy/wayne-swan-went-back-on-word-in-taking-500m-...#