Prof. Dennerstein's achievements for medical education and in relation to women's health issues have been recognised by the Australian government with the award of the Order of Australia in 1994.
Her research achievements have been recognised by the international medical community with the award by the World Association for Sexology of the Gold Medal for outstanding contributions to sexology and sexual health in 2005 in Montreal, Canada.
She was an outstanding medical student, achieving the exhibition (top prizes) for obstetrics and gynaecology in her final year of study.
She has received multiple other awards for excellence in teaching and research and as listed below.
Most recently she has been awarded Doctor of Medical Science honoris causa by The University of Melbourne for her contribution to women's health.
Book of the Year Award "Arthur Shapiro Hypnosis Book Award", American Society of Clinical and Experimental Hypnosis for 'Handbook of Hypnosis and Psychosomatic Medicine', 1981
"WIZO Woman Achiever 2000" Women's International Zionist Organisation, 9/4/00.
Awarded by Faculty of Medicine, University of Melbourne (1970)