The race which has become a gilt-edged form reference for the Melbourne Cup is in line for an upgrade in status after figuring in a major prizemoney increase.
The Geelong Cup will carry A$300,000 in stakes this year, up from A$225,000 in 2011.
It's a lift which the Geelong Racing Club hopes will be recognised when the Australian Pattern Committee meets in the new season.
Won for the last two years by subsequent Melbourne Cup winners Americain and Dunaden, the Geelong Cup carries group three status.
"I believe Racing Victoria will be putting forward a case to the committee for the race to be upgraded to a group two race," Geelong chief executive Paul Carroll said.