The Formula 3 speedster received the award for his impressive 2020 campaign, which saw him collect a handful of podium finishes that landed him inside the top 10 overall.

"I feel really honoured and humbled to win the 2020 Peter Brock Medal," Peroni said.

The 21-year-old will join the likes of Craig Lowndes, Mark Webber, Anton De Pasquale and Molly Taylor, who've also received the award.

"While I am a little shocked as it's a little unexpected; to receive an award like this and have my name next to ones like Mark's and Anton's is amazing," Peroni said.

"It hasn't sunk in yet. It's just really cool to be alongside some idols like Mark Webber, who I looked up to growing up and has helped me throughout my career.

"It's the first time I have won an award like this and it's a bit different to winning a race because it's more of an accolade, however it's definitely up there with some of my greatest career achievements."

Motorsport Australia's incoming president Andrew Fraser said the calibre of former recipients was indicative of Peroni's talent.

Bev Brock also congratulated Peroni, saying that he demonstrated all the values for what a recipient of the award should show.

"For him to come back after suffering his big accident and possess the level of determination he has in order to overcome those problems was fantastic," she said.

"When I was 21, I broke my spine, so I know how much effort is required to get back to a level of fitness. It takes something extra special - especially in a sport like ours where there are so many demands on the body.

"People think he is a delightful young man who constantly smiles and is prepared to give it his all. All of those qualities show me he deserves to be the recipient of this award."