The Australia-Latin America Business Council (ALABC) and the Council on Australia Latin America Relations (COALAR) established in 2002 the "Australia-Latin America Awards" to recognise outstanding contributions to the development of Australia's links with the Latin American region.

The Awards will be an annual event that will showcase the best performers in doing business with the Latin American markets and the persons that have had a significant impact on strengthening the relationship between Australia and these markets.

The Awards are overseen by a committee established by the two Councils and the presentation of the Awards will be made on Monday 1st December, 2008, at the ALABC Gala Dinner at the Tattersalls Club, Sydney.