Held in Sydney, it was the return of the ceremony - after a two year absence - and it recognises local artists who have achieved a number one album, single or DVD.
Accepting AC/DC's award for their number one DVD Live At River Plate, David Albert of the label and publishing house Alberts, said that he had tried to get the band, notoriously ceremony-shy, to come to the event before saying that he hoped to have them at one the next ARIA Awards.
He also said that there, "Will hopefully be some big news for a new album or new tour [next year]."
There were also appearances by Gotye - who seems increasingly comfortable with photographers as he juggled his awards - and Missy Higgins. Reality TV show graduates Karise Eden and Reece Mastin accepted awards and performed.
Missy Higgins accepting her award
Bliss N Eso sent a video speech, while Hilltop Hoods manager Dylan Liddy accepted theirs.
This week's new sets include music from locals Gurrumul, Josh Pyke and West Thebarton Brothel Party plus new tunes from The Maccabees and Albert Hammond Jr.