The Australian Graduate School of Management at the University of NSW has a leadership scholarship named after Sir Walter Scott.
It was presented on 4 September 1975 by Joseph M. Juran himself, stating: "Probably few Australians of contemporary times have given so much diversified service to their country as Sir Walter Scott.
He is very much a product and a champion of private enterprise; yet governments of differing political shades have charged him with missions of national responsibility.
In Australia Sir Walter’s public service began in World War II notably as Chairman of the NSW Munitions Board.
It is in the field of quality control that Sir Walter made his mark not only with AOQC but throughout many areas in which he exercised influence.