Elliott says he took responsibility for reputational problems at the bank, but wants his contract honoured.
The regulator issued its first infringement notices and suspended two auditors in the 2024 financial year.
The peak body says it funded the struggling club, not knowing it was insolvent.
Numbers peaked at 420,000 this year but will be cut to 270,000 next year.
The bank regularly holds off-the-record briefings, but that confidence is not always respected.
The deal will see Virgin return to international routes, and could also kickstart the stalled IPO.
ANALYSIS: The RBA finds itself under fire on monetary policy as Government reforms of the bank stall in Parliament.
The move is the latest in a number of actions by regulators and Government against the grocery duopoly.
The amendments also include other professional services providers and extend coverage to around 90,000 entities.
Miller takes over from Peter King, who was intended to be an interim chief but lasted five years in the top job
