Contributing to public policy
As a bank and a top ASX100 company we recognise the valuable role we play in helping improve our financial system by contributing to public policy.
There’s been a lot of focus recently on issues in Australia’s financial system that have emerged since the Global Financial Crisis. In 2014 we joined forces with other regional banks to make recommendations to the government that seek to reinstate a level playing field and ensure long-term competition while preserving the stability of the system. Copies of our recent public policy submissions are available on the Financial System Inquiry page of our website.
We continue to advocate for a robust, competitive and transparent financial industry through our own government relations program and through industry bodies such as the Australian Bankers' Association.
At BOQ, our community investment strategy focuses our community efforts on assisting young people. In keeping with this policy, BOQ proudly supports a range of ongoing programs aimed at making a positive impact on real issues affecting young Australians - the nation's future – to help them be the best they can be. We also have a range of staff initiatives to support our employees' involvement in the community, and we give our shareholders the opportunity to support children's hospitals through our dividend donation program.
Our community partnerships support projects that help develop our nation's youth. Our focus on partnerships, rather than one-off donations, means we can create truly meaningful relationships with our partners and allow our employees and customers to be more involved.
Major Partner: Children's Hospital Foundations Australia
Project: Banking on our Kids
Since 2004, BOQ has been running a month-long fundraising appeal each July in support of Children's Hospital Foundations Australia (Children's Hospitals).
Children's Hospitals is a unique partnership of some of Australia’s major children’s hospital foundations.
Banking on our Kids is the only national fundraising appeal of its kind directly helping the affiliation to continue its work, and allowing people to support numerous children’s hospitals through a single donation. The Appeal is run throughout our entire branch network by collecting donations and fundraising to help give sick kids a chance to grow up.
The 2016 Banking on our Kids appeal raised $204,000. This fantastic effort brought the total funds raised through the appeal since its launch in 2004 to a whopping $1,994,000.
For more information on the Children’s Hospital Foundations Australia visit http://www.childrenshospitals.org.au
Major Partner: The Smith Family
Project: Learning for Life program
BOQ is helping The Smith Family to provide disadvantaged Aussie kids with mentoring support and financial scholarships, so that they can realise their potential through education. Through this partnership BOQ supports The Smith Family Learning for Life mentoring program and funds 120 financial scholarships for school students. By supporting mentoring for disadvantaged Aussie kids, BOQ is helping break the cycle of disadvantage.
Project: The Smith Family Toy and Book Appeal
At BOQ, we believe every Aussie child deserves a merry Christmas. That’s why throughout November each year we help The Smith Family collect toys and books for disadvantaged Aussie kids.
You can show your support by donating a brand new toy or book throughout the month of November, and help give every child a memorable Christmas!
For more information on The Smith Family visit http://www.thesmithfamily.com.au
Major Partner: Australian Red Cross
Project: Centre for Young People
Since 2008, BOQ has supported Red Cross' innovative new Centre for Young People (CFYP). The Centre opened in Fortitude Valley in Brisbane in June 2012 and will aim to address youth homelessness, and provide intensive, individualised support to at-risk youth to ensure they receive all the support they need to get back onto a positive life track and achieve their personal goals.
For more information on Australian Red Cross visit http://www.redcross.org.au
Partner: Children's Hospital Foundation QLD
Project: It's Possible Cycle Tour
The inaugural It’s Possible Cycle Tour was aimed at BOQ staff, family and partners and consisted of a 3 day road cycling event in support of the Children’s Hospital Foundation, QLD.
The event was held November 27 to 29, 2015. It commenced from South Pacific Resort, Noosaville on November 27 and covered approximately 350km over the 3 days; taking in the many beautiful sights around the hinterland of Noosa.
In its first year, the It’s Possible Cycle Tour raised a total of $103,000 for Children’s Hospital Foundation, QLD.
The Dollar-for-Dollar program matches employee fundraising for registered charities - dollar-for-dollar! The focus of this program is on team fundraising, and is one way that we recognise employee involvement in the community. Provided the charity or cause is a Deductible Gift Recipient (DGR), our people can choose the charity they wish to support, with our contribution effectively doubling the funds raised.
Workplace Giving Program
This program allows our staff to donate to any Australian charity directly from their pre-tax pay. Employees can provide ongoing support to the charity of their choice by donating a nominated amount from their pay each fortnight. These donations are deducted from pre-tax salaries, providing staff with an immediate tax benefit.
Sharing with our Kids
We are proud that we were the first company in Australia to offer shareholders the opportunity to donate all or part of their bi-annual dividend to charity. This simple method of donation allows shareholders to support Children’s Hospital Foundations Australia.