A statement from the new centre-right government in Queensland:

The Queensland Government has decided not to proceed with the Queensland Premier’s Literary Awards in 2012 which will save Queensland taxpayers $244,475, not including the cost of resourcing the Awards.

And only a few days later from Singapore:

SINGAPORE: Prime Minister Lee Hsien Loong will donate $350,000 towards three new awards. The awards support community bonding, social service, and the arts.

Clearly there are more issues at play here, but fascinating timing nonetheless!