From The Australian:
Rudd to reward Aussie writers
AUSTRALIAN writers will from next year vie for one of the world's richest prizes with the Rudd Government to unveil the Prime Minister's Literary Prize for fiction and non-fiction books.
In a bold and affirming cultural statement, the annual awards will have just two categories: published fiction book of the year, and published non-fiction book of the year. Each prize is worth $100,000, tax-free, with a further $100,000 to be spent each year on promoting and administering the awards.