Well after I put it in the bank for 2 years.
6% interest per year, extra $120000 over the 2 years
Then using the money I gained from interest I'd invest $60,000 into buying various web businesses, and spend the other $60,000 on shares.
So by this time I'd still have the $1,000,000 in my bank making me $60,000 a year, higher than the average Aussie wage, and I do nothing

.
And also I'll have the businesses and shares makin' me tons of $$$$.....the rich getting richer.