(i) The Scholarships will be awarded annually on the grounds of academic merit and need to students who have applied for and being accepted for entrance to Perth Modern School, and who, in the opinion of the Sphinx Scholarship Selection Committee, have

• (a) displayed Academic Excellence in their Primary schooling, and
• (b) has personal circumstances of financial or other need such that the award will be most beneficial in removing barriers, overcoming a specific disadvantage, or in providing access to opportunities to facilitate the achievement of educational success.

(ii) The Scholarships are to provide an annual sum, to a value depending upon the prevailing income from the funds invested by the Sphinx Foundation Inc. ensuring the perpetuity of the Scholarships. The Chris and Ling Hayes Scholarship is a once-off scholarship valued at $1,000. For each of the other Scholarships the nominal amount will be (in 2018) $1,060 per annum – generally for four years.

(iii) Each of the Scholarships will be awarded by the Sphinx Scholarships Selection Committee to a student for entry into Year 7. Note:

• (a) All applications will be subject to the same stringent process for demonstrating Academic Excellence and financial or other need;
• (b) Preference may be given to a student whose family residence is outside the Perth metropolitan area;
• (c) Should it be required, the Sphinx Scholarship Selection Committee may make contact with applicants to further clarify particular aspects of financial or other need.

(iv) The multi-year Scholarships will be renewed in Years 8, 9 and 10, conditional upon satisfactory educational performance and progress, contribution to the School, co-curricular involvement, and continuing compliance with the conditions of the Award as assessed by the Sphinx Scholarship Selection Committee. (Note: Scholarship holders are required to disclose if they have become ineligible to continue to hold a Scholarship).

Draw down: The funds are credited at the beginning of Semester 1 against the awardee's name at the School and may be accessed for educational purposes as above. Any funds not expended in one academic year will carry forward to the following academic year.