The Australian government, through its Australian Sports Commission, announced Monday its funding breakdown of $120 million in government money that is to be spent in its “Winning Edge” program that aims to make Australia the world’s best sporting nation.

“The Winning Edge sets high targets for Australia to be a top five nation at the Olympics and Paralympics, top 15 at the winter Olympics and Paralympics, number one at the Commonwealth Games and have more than 20 world champions annually,” ASC chair John Wylie said of the program’s goals.

While other Australian aquatic sports like diving (up to 2.15 Australian Dollars) and water polo (up to 3.11 million Australian Dollars, a 21.5% funding increase) gained funding, swimming took a big financial hit in the latest release.

Still, showing that swimming is still the crown jewel of the Australian Olympic hopes, Swimming Australia is still the largest single sport benefactor of this program for 2013-2014. The $A8.165 million they will receive ranks only behind the entirety of the Paralympic Sports program in terms of funding levels. That’s a 5.8% decrease, or roughly half-a-million dollars in lost funding for the year.

The ASC has added to that $A8.165 million an additional $A616,000 in Participation funding. In the words of Wylie, this money is designed to support “participation initiatives with sports recognising the importance of a clear pathway and the health and well being benefits from sports participation.”

No reason was given specifically for the decrease in funding for the Australians, though the organization is facing much controversy and scandal, combined with its lowest medal output since 1976. Any funding losses could be largely made up thanks to the sport’s newest major benefactor Gina Rinehart, who according to Forbes is Australia’s richest person with a net worth of around $A18 billion.

To see the full funding breakdown, click here.