- The prize will be known as “’The John Lorenzo Young Prize”.
- The annual value of the prize will be determined by the Faculty in accordance with the annual income from the fund. The annual value of the prize is currently $950.00 and will be paid directly to the student.
- One prize will be awarded once annually by the University to a student for research in economics.
- The prize will be awarded to the author of the thesis which in the opinion of the examiners is the best such report submitted in that year by a candidate for the Honours degree of Bachelor of Economics.
- If there is more than one candidate of equal merit, then the prize will be shared.
- If there is no candidate of sufficient merit in a given year then the prize will not be awarded in that year and the money will be used in subsequent years.
- The prize will not be awarded where:
- student has provided false or misleading information with regard to their personal details;
- student is guilty of serious misconduct in terms of the University Policy Rules for Student Conduct in the University.
The University may vary the rules from time to time in a manner consistent with the University’s legal obligations and policies.