The Women's Australian Open is a women's professional golf tournament played in Australia, operated by Golf Australia and the WPGA Tour of Australasia, long co-sanctioned by the Ladies European Tour (LET). Beginning with the 2012 event, it is also co-sanctioned by the U.S.-based LPGA Tour. In 2008, it was the second-richest women's golf tournament on the ALPG Tour, with a prize fund of A$500,000, and was raised to A$600,000 in 2010. With the co-sanctioning by the LPGA, the total purse was nearly doubled, and was also fixed in U.S. dollars. The purse was US$1.1 million in 2012, and increased again to its current level of US$1.2 million for 2013. Since 2011, the tournament's name has been the ISPS Handa Women's Australian Open.