The Ampol Tournament was the richest golf event of its time in Australia. From 1952 the sponsor, Ampol, offered great prize money to attract the leading American and European players to compete.
Total prize money was initially Aã1,000, rising to Aã1,300 in 1951. In 1952 and 1954, two tournaments were arranged a few weeks apart. Prize money was Aã3,500 for each of the 1952 events while each of the 1954 events had prize money of Aã1,500. The Aã10,000 in 1956 was the biggest purse outside the United States. Prize money was Aã2,500 in 1953 and 1955 and Aã3,000 in 1957 and 1959. Prize money often exceeded the advertised figures since part of the proceeds from gate receipts was sometimes added.
The 1959 tournament was played the week before the 1959 Canada Cup.
In October 1952 Von Nida beat Oliver 72 to 77 in the 18-hole playoff. In November 1954 the first round was played at Huntingdale Golf Club. The 1959 event was over 54 holes. Ampol sponsored a 36-hole tournament in 1958 with total prize money of Aã500. This event was won by an amateur, Bob Stevens.