The Supreme Court of Queensland has ruled that retirement payments to three directors of Queensland Police Credit Union did not contravene the Corporations Act. It paid between A$40,000 and $98,000 to the directors in 2010. A fourth retiring director is also due to receive a payment, which the court also agreed to validate. Ross Moulton, a former chief risk officer of Bankwest, will take over as interim chief executive of Unicredit. Moulton is currently a member of the board of the credit union. The current CEO, Steve Targett, is leaving to become CEO of QT Mutual Bank.