The Australian Music Prize has announced the initial shortlisted albums in the running to be crowned winners of the 10th annual Coopers backed prize.

The prestigious prize sees the act or artist pocket $30,000 for their troubles, as well as adding to the list of high acclaimed previous winners including Hermitude, The Jezabels and Lisa Mitchell.

Last year saw Melbourne duo Big Scary capitalise on their critically acclaimed LP Not Art to nudge out other stellar releases from the likes of Dialectrix, Cloud Control, Jagwar Ma and Jen Cloher, to name a few.

Among the nominees for the prizes 10th incarnation, prominent electro/soul talent Chet Faker with his debut LP Built On Glass, Melbourne fresh faced MC Remi with Raw X Infinity, and hard hitting Brisbane outfit DZ Deathrays with Black Rat.

Nominations for the award are still being processed, so if you think your band has what it takes to win the 10th Coopers Australian Music Prize, email with the name of the group or artist, album title and its commercial release date.

The release must also contain a minimum of nine tracks totalling 33 minutes or more.

First round shortlisted Albums:

Ball Park Music – Puddinghead
Blank Realm – Grassed Inn
Chet Faker – Built On Glass
DZ Deathrays – Black Rat
East Brunswick All Girls Choir – Seven Drummers
HTRK – Psychic 9-5 Club
REMI – Raw X Infinity
Straight Arrows – Rising
Teeth & Tongue – Grids
Total Control – Typical System