The scholarship provides the winner with concert engagements with the Sydney Symphony Orchestra and Musica Viva Australia, and a cash prize to enable overseas study.
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Romola Costantino gave the first solo piano recital in the Sydney Opera House (10 April 1973; to an invited audience), and she participated in the first public performance in the Opera House's Music Room (with the Carl Pini Quartet and Walter Sutcliffe, under the auspices of Musica Viva Australia).
Through his pupils Felix Galimir, Richard Goldner, and others, his ideas influenced the training of generations of chamber music performers in the U. S., Australia (Musica Viva Australia), and elsewhere.