The Australian Music Prize (often shortened to the AMP) is an annual award of $50,000 ($30,000 from 2005 to 2023) given to an Australian band or solo artist in recognition of the merit of an album released during the year of award.

Unlike the more mainstream ARIA Music Awards, the AMP aims to encourage Australian music of excellence – the prize's stated aim is to "financially reward and increase exposure for an Australian artist (or group of artists) who have produced and commercially released what specially appointed judges vote is the best contemporary music album in any one calendar year".

In this sense, the AMP is broadly comparable to the UK's Mercury Music Prize.

A shortlist is announced the following February and then a winner at an event in Sydney in March.

In 2023, the nominations were revealed in late November with the award announcement scheduled for early December.