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| 1979 | St Kilda Saints | Canberra Cannons |
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| 1980 | St Kilda Saints | West Adelaide Bearcats |
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| 1981 | Launceston Casino City Tigers | Nunawading Spectres |
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| 1982 | West Adelaide Bearcats | Geelong Cats |
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| 1983 | Canberra Cannons | West Adelaide Bearcats |
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| 1984 | Canberra Cannons | Brisbane Bullets |
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| 1985 | Brisbane Bullets | Adelaide 36ers |
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| 1986 | Adelaide 36ers | Brisbane Bullets |
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| 1987 | Brisbane Bullets | Perth Wildcats |
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| 1988 | Canberra Cannons | North Melbourne Giants |
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| 1989 | North Melbourne Giants | Canberra Cannons |
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| 1990 | Perth Wildcats | Brisbane Bullets |
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| 1991 | Perth Wildcats | Eastside Spectres |
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| 1992 | South East Melbourne Magic | Melbourne Tigers |
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| 1993 | Melbourne Tigers | Perth Wildcats |
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| 1994 | North Melbourne Giants | Adelaide 36ers |
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| 1995 | Perth Wildcats | North Melbourne Giants |
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| 1996 | South East Melbourne Magic | Melbourne Tigers |
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| 1997 | Melbourne Tigers | South East Melbourne Magic |
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| 1998 | Adelaide 36ers | South East Melbourne Magic |
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| 1999 | Adelaide 36ers | Victoria Titans |
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| 2000 | Perth Wildcats | Victoria Titans |
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| 2001 | Wollongong Hawks | Townsville Crocodiles |
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| 2002 | Adelaide 36ers | West Sydney Razorbacks |
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| 2003 | Sydney Kings | Perth Wildcats |
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| 2004 | Sydney Kings | West Sydney Razorbacks |
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| 2005 | Sydney Kings | Wollongong Hawks |
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| 2006 | Melbourne Tigers | Sydney Kings |
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| 2007 | Brisbane Bullets | Melbourne Tigers |
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| 2008 | Melbourne Tigers | Sydney Kings |
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| 2009 | South Dragons | Melbourne Tigers |
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| 2010 | Perth Wildcats | Wollongong Hawks |
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| 2011 | New Zealand Breakers | Cairns Taipans |
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| 2012 | New Zealand Breakers | Perth Wildcats |
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| 2013 | New Zealand Breakers | Perth Wildcats |
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| 2014 | Perth Wildcats | Adelaide 36ers |
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| 2015 | New Zealand Breakers | Cairns Taipans |
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| 2016 | Perth Wildcats | New Zealand Breakers |
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| 2017 | Perth Wildcats | Illawarra Hawks |
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| 2018 | Melbourne United | Adelaide 36ers |
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| 2019 | Perth Wildcats | Melbourne United |
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| 2020 | Perth Wildcats | Sydney Kings |
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| 2021 | Melbourne United | Perth Wildcats |
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| 2022 | Sydney Kings | Tasmania JackJumpers |
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| 2023 | Sydney Kings | New Zealand Breakers |
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| 2024 | Tasmania JackJumpers | Melbourne United |
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| 2025 | Illawarra Hawks | Melbourne United |
