Checkboard and I have discussed this a couple of times.
We'd buy/set up a flying school at Port Macquarie. Full monty. PPL to CPL and IR. Have a couple of top instructors paid the award and then some.
To keep us amused, Checkers would have an aerobatic aircraft and I'd have a Hawker 800 with Collins avionics. I'd endorse the senior instructors on it too.
However, the piece de resistance would be a really cool hangar bar with good honest food too. (for those about to fly)