A cash prize pool of $205,000 is on offer for The Sydney 2023.
| Prize | Value | ||
| Ernest Hutcheson First Prize Donated by The Friends of the Sydney International Piano Competition |
$50,000 | ||
| Percy Grainger Second Prize Donated by founder of Philanthropy Initiative Australia Loz Copley |
$25,000 | ||
| George Frederick Boyle Third Prize Donated by JBMandM in memory of Jim and Joan Bonner, Jane & Frazer Davey, Liz & Gundo Gibson, Gary Nash, Anonymous x 2 |
$20,000 | ||
| William Murdoch Fourth Prize Donated by Anonymous |
$15,000 | ||
| Arthur Benjamin Fifth Prize Donated by Universal Music Australia |
$10,000 | ||
| Noel Mewtown-Wood Sixth Prize Donated by Rosalind Carlson OAM |
$7,500 | ||
| Eileen Joyce Best Overall Concerto Donated by Drs Keith & Eileen Ong |
$5,000 | ||
| Roy Agnew Best 18th Century Concerto Donated by A/Prof Michael Stubbs in celebration of his aunt, Australian pianist Ruth Gerald |
$5,000 | ||
| Miriam Hyde Best 19th/20th Century Concerto Donated by Janice Tuynman in memory of her husband Hank Tuynman |
$5,000 | ||
| Hephzibah Menuhin Best Sonata with Violin and Piano Donated by David and Jan Robinson |
$3,000 | ||
| Geoffrey Parsons Best Sonata with Cello and Piano Donated by Minnie Biggs |
$3,000 | ||
| Una Bourne Best Accompanist Prize Donated by Margaret Taylor in memory of her late husband Major Derek Noel Taylor MBE ARCM LTCL psm JP |
$3,000 | ||
| Edward Cahill Best Preliminaries Round 1 Recital Donated by Friends of Chopin Australia Ltd |
$3,000 | ||
| Isador Goodman Best Preliminaries Round 2 Recital Donated by the Victorian Friends of The Sydney |
$3,000 | ||
| Ignaz Friedman Best Semi Final Recital Donated by Dr Robert Mitchell in memory of Denis Condon |
$3,000 | ||
| Geoffrey Tozer Most Promising Pianist not Proceeding to the Finals Donated by Joan Adler |
$5,000 | ||
| Nancy Weir Best Australian Pianist + additional $5,000 if competitor reaches the Final Round Donated by Youth Music Federation Australia |
$10,000 | ||
| Malcolm Williamson Best Performance of an Australian Piece Donated by Dr Robert Mitchell in memory of Denis Condon |
$5,000 | ||
| Rex Hobcroft People’s Choice Sponsored by KAWAI |
$10,000 | ||
| Rhondda Gillespie Best Performance of a work from any period before 1950 by a rarely-played and unduly neglected composer Donated by Dr Harold Fabrikant AM |
$1,500 | ||
| Best Program Presentation in the Semi Final Donated by Barbara Leser |
$3,000 | ||
| Best Encore in the Semi Finals Donated by Thomas (Tom) Chvojka and Supported by a gift from the late Mrs Jana Chvojka |
$3,000 | ||
| Prizes for each of the six Semi Finalists not proceeding to the Finals; $1,000 each Donated by Mrs Wendy Weight OAM |
$6,000 | ||
| Medal Given to the Most Promising Competitor Plus $1,000 Donated by Graham Wickes in memory of Australian pianist Dennis Hennig |
$1,000 |