The prize that they receive is called the ashes which is a little urn filled with the ashes of stumps burned at the first game between Australia and England.
Australian Music Prize happened in 2005.
Australian Student Prize was created in 1991.
Australian Photographic Portrait Prize was created in 2003.
Australian Photographic Portrait Prize ended in 2006.
Prime Minister's Prize for Australian History was created in 2007.
Prime Minister's Prize for Australian History ended in 2012.
The Archibald Prize is awarded in Sydney. Of course Australian media make a big fuss about it, and to a lesser extent media in other English-speaking countries.
in cricket the prize that England and Australia play for is call the ashes
A balloon
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The winners of the 2011 Cricket World Cup will take home prize money of US$3 million - converted to the country's own currency.
Jules Francois Archibald was an Australian journalist and magazine editor. He sponsored the Archibald Prize, Australia's most prestigious portraiture prize, to encourage portraiture and promote Australian artists.