Australia's 245-run victory over world number one ranked South Africa in the third and final Test in Cape Town not only gave the tourists a 2-1 series win, but also lifted them above India to second on the Test Team Rankings.
South Africa, thanks to its commanding lead at the top of the table, retains the mace in spite of dropping to 127 ratings points.
Australia claim the cash prize of $440,000 for finishing second in the rankings, while India will have to settle with $315,000.
England will receive $190,000 for finishing fourth.
South Africa claims the top prize of $565,000.
At the January 2012 meeting, the ICC Board had approved a proposal to substantially increase incentives in the form of prize money to promote Test cricket.
In 2015, the total prize money will be increased to $1.59 million, which will be distributed to the teams that finish in the top four at the 1 April 2015 cut-off date.
The number-one ranked side will receive $594,000, followed by $463,000, $333,000 and $202,000 to the sides that will finish second, third and fourth, respectively.
