It's 1933 and the governments of Australia and New Zealand are getting twitchy about the ambitions of the Empire of Japan. You are tasked with making recommendations for how their militaries can prepare for a potential war. It is of course assumed that the Mother Country will be fighting alongside them but it is requested that they are able to rely on their own resources as much as possible and steps be taken to maximise the input of local industrial capacity.
Before the logistics of re-armament, there needs to be a shift in thinking by the Australian Government and the Chiefs of the Defence Staff around Australia's defence posture away from either raising a 'heavy' divisional expeditionary force for use in the Middle East (replaying WWI) or Malaya (to support the Singapore Strategy) towards the defence of Australia.
Obviously, the various State Railway workshops (as the largest industrial employers) are a key capability, but also the seeding of key industrial capability, particularly chemicals will also be important.
The absolute rock bottom of Australian Government defence spending is taking place at this time as well, so perhaps a more Keynesian approach rather than the deflationary economic orthodoxy would help to start pump priming the long lead items, set up manufacturing capability (esp. for small arms, support arms & ammo) and provide some decent monetary incentives for the Militia (attendance payments, uniforms, bonus for skills) to attract some of the unemployed and create a pool of trained manpower.