Westpac Altitude Rewards Program v.s Qantas Frequent Flyer Program

[timng]

Do any keen frequent flyers have any insights into which program converts the best:
*Westpac Altitude Rewards Program OR *Qantas Frequent Flyer Program

This has been a hard decision for me as I'm trying to justify either the Westpac Altitude Card or ANZ Frequent Flyer Card to my manager

These are the 2 real life scenarios:

Scenario A: Spend $60,000/year on a Westpac Altitude (only using the MasterCard which = 1pt/$1)
Scenario B: Spend $60,000/year on the ANZ Frequent Flyer (only using the Visa which = 1pt/$1)

We can maybe also assume the desired destination of Malaysia