[1][3] Simon Warrender announced the establishment of the prizes after the unveiling of Magic Pudding, a sculpture commissioned by him for the Ian Potter Foundation Children's Garden at the Royal Botanic Gardens Melbourne.
[2] The Melbourne Prize Trust is governed by a board, headed by chair Janine Kirk AO with founder Simon H. Warrender in the roles of executive director and secretary.
[2] The trust grants awards on a rolling three-year basis for Urban Sculpture, Literature and Music, in that order.
The prizes are intended "to provide opportunities for Victorian writers, musicians and sculptors and recognise and reward excellence and talent, inspire creative development and enrich public life".
[27] Recipients for the Melbourne Prize for Music include:[28] This article about a literary award is a stub.