$50,000 in prizemoney will be up for grabs in the S5000 Tasman Series this summer.
The series winner will receive $30,000 for their efforts, with the runner-up winning $10,000 and third place $5,000.
A further $5,000 bonus will be awarded to the best-placed New Zealand or international driver competing in the series.
The re-launched Tasman Series will be comprise seven races across two major events later this year, namely the Supercheap Auto Bathurst International (November 26-28) and the Boost Mobile Gold Coast 500 (December 3-5).
An official ‘Twilight Tasman Test’ will also be held at Sydney Motorsport Park prior to the Bathurst International event.
Final sporting regulations are currently being developed for the Tasman Series, with qualifying and race formats set to be an evolution of those successfully utilized throughout the S5000 Australian Drivers’ Championship this year.
The final points structure and grid determination system for the seven races will be confirmed in coming weeks and will continue to provide the best possible mixture of rewarding race winners, while also promoting close competition throughout the series.
The Tasman Series was first contested between 1964 and 1975 with the winner receiving the ‘Tasman Cup’, a trophy co-owned by Motorsport Australia and Motorsport New Zealand.
Both organisations are supporting the return of the Tasman Series brand and the Tasman Cup trophy via S5000 this year.
Every race will be broadcast live on the Seven Network or Fox Sports in Australia and Sky Sport in New Zealand.