This year’s Miles Franklin award-winner has recently been announced, with the winner Shankari Chandran, taking home the pot of gold, worth $60,000, with the other five authors on the short list awarded $5000 each.
The Stella Prize also grants the winner $60,000, with $5000 each to the shortlistees and $1000 each to the longlistees. The Prime Minster’s Award and the Nib Award are two other organisations that offer a cash prize to shortlisted titles. However, many other literary competitions in the country – including all the State Premiers’ Awards – only allocate money to the overall winner, leaving the runners-up with nothing more than bragging rights to include on their resumé and grant application forms.
