Published: Dec 07, 2011 4:42 AM EST
Updated: Dec 07, 2011 7:31 AM EST

PERTH, Australia (AP) - The European Tour will co-sanction the new Perth International Golf Championship, which is set to be the richest tournament on the PGA Tour of Australasia schedule next season.

The $2 million tournament will be played at the Lake Karrinyup Country Club from Oct. 18-21, which European Tour chief operating officer Keith Waters says is a key date near the end of the European season.

Other previous tournaments staged in Western Australia include the Heineken Classic, Johnnie Walker Classic and the Lexus Cup.