The biennial award program comprises the $75 000 New Media Art Award and exhibition of shortlisted artists; as well as the $25 000 Queensland New Media Scholarship for an emerging Queensland-based artist. The Award and exhibition showcase the work of leading Australian new media artists. The award-winning work is acquired for the Queensland Art Gallery Collection. 

2012 short-listed artists and works included:
Kirsty Boyle Tree ceremony 2010
Karen Casey Dream zone 2012
Robin Fox  CRT: homage to Léon Theremin 2012
Petra Gemeinboeck and Rob Saunders Zwischenräume 2010–12
Ian Haig Some Thing 2011
Leah Heiss Polarity 2012
Ross Manning Spectra III 2012
George Poonkhin Khut Distillery: Waveforming 2012