Canberra Typeface Design Competition for $10,000 AUD

A competition

the University of Canberra has launched The Canberra Centenary Typeface Design Competition - an international challenge to the world’s finest typeface designers to capture the style, spirit, prestige and character of Australia’s capital city.

The winning design, which will receive AUD$10,000, will be selected by a jury of distinguished Typographers and Designers.

What does Typophile think of this? Anyone plan on entering?