Cash

In 2022 the prize pool comprises more than A$100,000 in the East Division, and in the West Division will depend on the number of University entries received - see Rule 7.4. Merit Prizes are again on offer in both Divisions, as is the Hofflin Prize, and the Stonehage Fleming Charitable Foundation and Optiver are funding prizes for high-performing students that top the individual or pairs ranking at their own universities - see details here. 

Except where stated otherwise, the amounts below apply to the East Division only. The amounts of the corresponding prizes for the West Division will be confirmed once the number of participating Universities in the West has been determined.
Individual prizes:
First: A$5,000
Second: A$3,500
Third: A$1,500
Fourth to Tenth: A$1,000 each

Pairs prizes:
First: A$10,000
Second: A$7,000
Third: A$3,000
Fourth to Tenth: A$2,000 each
University prizes:
First: A$15,000
Second: A$12,000
Third: A$8,000
​
​Australia-only prizes:
Best individual entry: A$1,500
Best pairs entry: A$3,000

For more details (e.g., regarding ties), see the Rules page.
Hofflin Prize
​Eligibility: All entrants in both Divisions - individuals and pairs.
Amount: A$3,000 ($1,500 each if won by a pair)
Awarded for: Most creative solution to any problem in the Competition.
Merit Prizes
Eligibility: All entrants in both Divisions - individuals and pairs.
Amount: A$1000 for individuals and A$2000 for pairs.
Number of prizes: In the East Division, a maximum of 4 to individuals and maximum of 4 to pairs, up to a maximum total of A$10,000. In the West Division: to be determined.
Awarded for: Creative or insightful work on any problem, including the open problem.
Best-in-University Prizes
Eligibility: All entrants in both Divisions – individuals and pairs – that satisfy
  • Top score in their category (individual or pairs) at their University
  • Performance above a minimum quantile (equal for individuals and pairs), to be determined by the Organisers
Amount: A$200 for individuals and A$400 for pairs (A$200 per student). In case of joint top scores at one University, the minimum prize for individuals will be A$100 and for pairs A$200 (A$100 per student).
Acknowledgements: Funding for the Best-in-University Prizes is provided by the Stonehage Fleming Charitable Foundation and by Optiver (for Australia/New Zealand entrants).