The Australian music and entertainment industries' Golden Stave foundation luncheon in Sydney raised more than $450,000 Australian ($362,000) for children's charities.

The '80s-themed lunchtime event at the Hordern Pavilion on June 26 featured an auction of music rarities and performances from guitarist Tommy Emmanuel, veteran performers Col Joye and Jimmy Barnes and alternative rock acts Mental As Anything and the Radiators.

During the festivities, Icehouse frontman Iva Davies won the Nordoff-Robbins award and Joye was inducted into the Hall of Fame.

Items auctioned on the day included a framed Who picture autographed for $8,500 Australian ($6,800), the school girl tunic worn by Chrissy Amphlett, singer from alternative rockers the Divinyls for $2,000 Australian ($1,600), and a commemorative AC/DC plaque for $3,000 Australian ($2,400).

Now celebrating its 31st edition, the annual event has generated more than $11 million Australian ($8.8 million) to date. The fundraiser is the brainchild of execs Peter Hebbes, Chris Gilbey, Ross Barlow and the late Jack Argent, who wanted to replicate the good work done by the U.K.'s annual Silver Clef Music therapy luncheon.