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Wesfarmers CEO: ‘We can’t just wait around for rates to fall’

As Rob Scott says goodbye to an unsung hero of his own investment success, he says Australia’s tepid GDP growth can be a rallying point for private sector investment and productivity.

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Wesfarmers chief executive Rob Scott is in Canberra for a board meeting this week, but it’s art, rather than politics, that brings him to the nation’s capital. The conglomerate is holding a joint exhibition of Indigenous art with the National Gallery of Australia, having lent a large chunk of its corporate collection to the cause.

Scott might not be in Canberra to talk to politicians, but we hope he finds time to wander up the hill to parliament. As the man in charge of an $83 billion giant that spans so much of the Australian economy, Scott makes a lot of sense when he talks about the need for more action, and less talk, from policymakers.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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