In the meantime, Pat is making some moves on costs and expenses...

In the meantime, Pat is making some moves on costs and expenses according to a recent afr article "Bank of Queensland execs reminded of expense policy" - I recall seeing cost to income ration was higher than most of the other banks, lets hope Pat is making the right moves...https://www.copyright link/rear-window/bank-of-queensland-execs-reminded-of-expense-policy-20230131-p5cgrg

"Travel to and from the office should be at your individual cost unless you are travelling interstate,” Allaway wrote. No kidding.

Expensing personal meals is similarly not (or no longer?) kosher, while executives are warned to, “please be modest in your choice of restaurant and wines”. The point is that everyone should remember they work at a regional bank instead of, say, Morgan Stanley.

“Inappropriate” recent events that breach this ethos, according to Allaway, include tie-ups with upmarket Sydney eatery Shell House and Bollinger champagne, the $400,000 spent on corporate Christmas parties, or the now-infamous Q Stars event, which took 135 high-performing staff to Hamilton Island to be feted (according to Allaway’s memo, this cost $650,000, slightly down from the $720,000 previously reported)."