FEAR & GREED | Business News One On One: Westpac CEO Anthony Miller pt 2
Aug 13, 2025
In a lively discussion, Anthony Miller, the CEO of Westpac, tackles pressing issues like the housing crisis and the need for reform in Australia. He emphasizes collaboration among governments, businesses, and unions to make housing more affordable. Miller also dives into the complexities of tax reform, impacting construction financing and community engagement. Additional topics include the strategic use of AI for customer engagement and managing mental health in the workplace, all while addressing economic challenges faced by small and medium enterprises.
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Focus On Housing Supply Over Demand
- Australia must shift housing policy from demand-side fixes to supply-side reforms focused on approvals and developer costs.
- Streamlining approvals and back-ending developer upfront costs will increase housing supply at the right price point.
Back-End Developer Costs To Ease Projects
- Back-end developer upfront approval and construction costs so working capital pressure reduces during projects.
- Lend against a completed safer proposition and help developers with remaining working capital needs.
Tackle Implementable Tax Fixes First
- Keep the productivity roundtable focused on implementable tax changes rather than politically explosive GST debates.
- Pursue readily executable measures like fixing bracket creep first to avoid distracting the process.