A former Reserve Bank (RBA) manager accused of obtaining hundreds of thousands of dollars in contaminated bank notes has been committed to stand trial.

Wayne Jackson, 55, is accused of dealing with proceeds of crime and attempting to appropriate funds totalling $347,500 while a manager with the RBA's Damaged Notes Division (DND).

He faces four charges relating to a period between May 27, 2010 and May 2012.

A police summary tendered in Melbourne Magistrates Court stated Jackson deposited $1.1 million into his bank account between September 2009 and May 2012, but only earned $252 ,000 over the same period.

His former colleague, Leanne Jeil, told the court she became suspicious about Jackson's behaviour after she found packages containing more than 2,000 contaminated bank notes in a disused office where the furnace used to destroy the notes is housed.

Ms Jeil, who works as a DND technician, told the court she took it upon herself to become a sleuth and investigate.



She told the court, according to computer records, the notes had been destroyed 11 months earlier in the furnace.

Ms Jeil told the court she estimates about up to 50 per cent of the damaged notes in the packages could have been reused after a simple wash.

Under cross examination, Ms Jeil said she had lived and breathed the case since May 2012.

"I have done what I felt necessary to help the investigation," she said.

Jackson will stand trial on charges of dealing with the proceeds of crime and attempting to obtain funds.

He will face the county court tomorrow.