The Australian Open men's and women's singles champions for next year's tournament will each pocket A$2.3 million ($2.8 million), the greatest amount in grand slam tennis history.
The total prizemoney pool for the January 16-29 tournament has also been increased, to A$26 million, also the most ever at a grand slam, organisers said.
Among other changes, there will be a new women's legends event, to be headlined by Swiss former world No 1 and three-time Open women's singles champion Martina Hingis.
And Hawk-Eye will be introduced on Margaret Court Arena, allowing for challenges to line calls on all three main showcase courts.
Tournament director Craig Tiley said it was expected that women's defending champion Kim Clijsters, who is returning from injury, and five-time winner Serena Williams, who missed this year's event through injury, would both play.