Tuesday 23 June 2015 16:35, UK
This year's Australian PGA Championship will be co-sanctioned by the European Tour and boast the richest purse in the 120-year history of the tournament.
The tournament, which will take place at the Royal Pines Resort on the Gold Coast from December 3-6, will offer around £856,000 in prize money with the European Tour given 60 entries.
The winner will receive a cheque for around £154,000 and secure a place at next year's WGC-Bridgestone Invitational and the BMW PGA Championship at Wentworth.
"This is a huge step forward for the tournament to rank alongside many of the great tournaments in Europe and Asia," said PGA of Australia chief executive Brian Thorburn.
"The partnership will also provide the opportunity to improve the strength of the field through the greater depth of international players currently playing on the European Tour."
Last year's tournament was won by Greg Chalmers following a dramatic seven-hole play-off against fellow Australian Adam Scott.
