Scholarships of up to AU$300,000 for PhDs and AU$200,000 for Master's degrees are available to cover studies in Australia. Candidates are selected through a competitive process in their home country or region to create a ranked list equal to the number of scholarships. Successful candidates become scholarship awardees once placed at an Australian institution and sign a contract with the Commonwealth of Australia. Additionally, around 200 Australia Awards Scholarship recipients per year are selected for the Australia Awards Leadership Program.