To compete in the two-day tournament, 70 amateur golfers paid $3500 each and all proceeds will go to the Cure Kids Foundation for medical research into life-threatening illnesses.
Cure Kids business development director Josie Spillane said Sir Michael had donated $40,000 in proceeds from his two books Toughen Up and Think Big to the foundation.
The Hills first held the event in 2006 and she said people were "still committed as ever".
"Golfers come from all around New Zealand to be here. It's for people who appreciate an extremely good golf course."
She said the weekend ahead would be no different and expected "fine weather, great company and excellent golf".
After teeing off at 1pm today, participants would run through the 18 holes and wind down at the clubhouse for the evening.
On Saturday Dr Julia Horsfield, from the Otago research facility Zebrafish, would speak to guests over a brunch about Cure Kids and the details of the illnesses the foundation helps children with.
The tournament's prizegiving would take place at 7pm after the 18 holes were completed.
Patrons could enter a draw to win one of three Peugeot cars for a long weekend, as well as a helicopter ride with Sir Michael to the top of the Remarkables for a tee-off.
