Mental illness costing corporate Australia $60b a year, Shared Value Project report warns. I speak with former ACCC chairman Professor Allan Fels

Australia is in the midst of a mental health crisis and it's touching all areas including the corporate sector which is already under pressure from a slowing economy.

A report out today from the Shared Value Project says mental illness costs the economy 60 billion dollars a year and for business alone, the bill includes 13 billion dollars in lost wages and less productivity.

The former A-triple-C chairman Professor Allan Fels- who's daughter lives with schizophrenia - is currently advising the Royal Commission into Victoria's mental health system.

Professor Fels speaks with the ABC's  Peter Ryan.