Who will host The Amazing Race Australia?

That is yet to be decided, but there is a chance that the Emmy winner Phil Keoghan, who hails from New Zealand, will have a participation in the Australian Amazing Race. Keoghan has hosted the US series since its inception.

Reports say that other names are also considered for the hosting role. Dancing with the Star's Daniel MacPherson and Seven's Grant Denyer are said to be included in the list. A spin-off involving celebrity contestant is also under consideration.

Earlier this week, Channel Seven had announced that the show is scheduled to begin production later this year.

"The US version of The Amazing Race has had a huge following on Seven and we are thrilled to be working with Disney on The Amazing Race Australia which promises to capture the excitement of the original series," Seven's Head of Production Brad Lyons said.

The reality show involves couples racing each other through destinations all over the world for the chance to win $1 million (£576,000). However, for its Australian version, the prize is yet to be confirmed but reports say its "massive."

The Amazing Race Australia is now accepting applications for teams of two. The pairs must have a pre-existing relationship and be over the age of 18. Applications close on September 6.

According to Yahoo! TV Australia, the application guidelines are:

1. Teams of two are required for "The Amazing Race Australia"

2. Team members must have a pre-existing personal relationship. e.g. friends, relatives, partners, colleagues etc

3. Both team members must complete a separate application form

4. You must complete all questions

5. All required documents, photographs and videos must be submitted

6. Teams must submit all parts of their application together as one package

7. Both team members must be over 18 years of age on the day of application

8. Both team members must be an Australian citizen or permanent resident for at least 2 years to participate

9. Both team members must hold valid passports

10. Ensure you read the Terms and Conditions on the application form

11. You will only hear from us if you have been selected to attend an audition