[citation needed] ATSE operates as an independent, non-government, not-for-profit, chartered organisation.

[citation needed] As of 2020[update] it was composed of nearly 900 fellows, bringing together Australia’s leading experts in applied science, technology, and engineering, to provide impartial, practical and evidence-based advice on how to achieve sustainable solutions and advance prosperity.

[2] The academy inducted its Royal Fellow, Prince Philip, Duke of Edinburgh KG KT OM GBE AK PC FRS FAA FTSE, in 1977.

[citation needed] Foundation fellows include: Honorary fellows include: Founded in 1959 to perpetuate the memory of Sir Ian Clunies Ross, the Ian Clunies Ross Memorial Foundation promoted the development of science and technology in Australia's beneficial interest.

In November 2002, the Foundation was brought under the Academy's umbrella, securing the long-term future of the Awards.