Men's and women's singles champions will each collect 4.12m AUD following an increase of 13.6 per cent on the 2019 purse.
Having reached the last four in the 2019 Australian Open, Lucas Pouille will be forced to miss the 2020 edition of the event.
At the age of 29, Caroline Wozniacki has decided to bring an end to her professional career. She will retire after the 2020 Australian Open.