The following medals and awards are presented by the AIP each year.

• The Walter Boas Medal
  This award aims to promote excellence in research in physics in Australia and to perpetuate the name of Walter Boas.
  Nominations close 1 June each year.

• The Bragg Gold Medal for Excellence in Physics
  The Bragg Gold Medal for the best PhD thesis by a student from an Australian University was established in 1992 as an initiative of the South Australian branch, to commemorate Sir Laurence Bragg and his father Sir William Bragg.
  Nominations must reach the Secretary of the local State Branch by 1 July each year.

• The TH Laby Medal for Excellence in Physics
  The TH Laby medal for the best Honours or Masters thesis from an Australian University was established in 2018 to commemorate Thomas H. Laby, and is based on the former Laby Medal, which was awarded annually for the most outstanding Victorian Honours Physics student thesis by the Victorian Branch between 1992-2009..
  Nominations must reach the Secretary of the local State Branch by 1 July each year.

• The AIP Award for Outstanding Service to Physics in Australia
  The Australian Institute of Physics Award for Outstanding Service to Physics recognises an exceptional contribution on the part of an individual to the furtherance of Physics as a discipline.
  Nominations close 1 June each year.

• The AIP Women in Physics Lecturer
  The Australian Institute of Physics International Women in Physics Lecture Series was instituted to celebrate the contribution of women to advances in physics.
  Nominations close 1 Aug each year.

The following medals and awards are awarded by the AIP biennially in even numbered years.  The next call for these awards closes on 1 June 2020.

• The Harrie Massey Medal and Prize
  This prize is awarded every two years for contributions made by an Australian physicist working anywhere in the world, or to a non-Australian for work they have carried out in Australia.
• The Alan Walsh Medal for Service to Industry
  This award is an initiative of the NSW Branch of the AIP and recognises significant contributions by a practicing physicist to industry in Australia.
• The AIP Education Medal
  This prize is to recognize an outstanding contribution to physics education in Australia.
• The Ruby Payne-Scott Award for Excellence in Early-Career Research
  To recognise outstanding contributions made by a physicist who is just beginning their career, and to help promote the careers of exceptionally promising young physicists.
• Honorary Fellows

These have been awarded to “Distinguished persons intimately connected with physics or a science allied thereto whom the Institute especially desires to honour for outstanding services in connection with that science”