On 15 April 2012, at the annual Logie Awards, Meldrum was inducted into the Logie's hall of fame. In a recorded segment Elton John described him as having done more for the Australian music industry than anyone else. On 26 November 2014, Meldrum was inducted into the ARIA Hall of Fame, together with "Countdown", by Marcia Hines and John Paul Young – Meldrum became the first non-artist to receive the accolade. He also became the second person to be inducted in both the Logie and ARIA Halls of Fame.