In 2020 the prize pool comprises approximately A$100,000 in total, with additional internship opportunities available to some entrants. See here for details on the Hofflin Prize.

Individual prizes:
First: A$5,000
Second: A$3,500
Third: A$1,500
Fourth to Tenth: A$1,000 each

Pairs prizes:
First: A$10,000
Second: A$7,000
Third: A$3,000
Fourth to Tenth: A$2,000 each

University prizes:
First: A$20,000
Second: A$15,000
Third: A$10,000
​
​Australia-wide prizes:
Best individual entry: A$1,500
Best pairs entry: A$3,000

For more details (e.g. regarding draws), see the Rules page.

Hofflin Prize
Eligibility: All entrants - individuals and pairs.
Amount: A$3,000 ($1,500 each if won by a pair)
Awarded for: Most creative solution to any problem in the Competition.