JPA's financial decisions are not made by Qantas. They are made by the board made up of SCIC and JPA executives.
However, Qantas is the bank, and as it is the bank it dictates the terms, but not the method.
Despite appearances, I think JPA has turned the corner. From where I sit, DM et al did a pretty good job converting a virtual basket case into viable organisation set to make a good dime. Lots of work still to do and obviously mistakes along the way, a learning curve for all concerned.