Roche, an Olympic gold medal-winning hockey player, is challenging incumbent John Coates for the role and has vowed to cut the annual remuneration for the President down from almost AUD$750,000 (£439,000/$564,000/€526,000) to a package of up to AUD$100,000 (£59,000/$75,000/€70,000).

The 46-year-old has already pledged to forgo any allowance for the length of her term should she be elected AOC President when the membership votes at the Annual General Meeting on May 6, which she claims will save AUD$3 million (£1.8 million/$2.3 million/€2.1 million).

This money would then be given to the 15 sports who receive the least funding in Australian sport - fencing, handball, karate, modern pentathlon, skateboarding, sport climbing, synchronised swimming, wrestling, biathlon, bobsleigh and skeleton, curling, ice hockey, ice racing, ice skating and luge - in the form of grants worth AUD$200,000 (£117,000/$150,000/€140,000).

It comes as part of a plan to ensure "every dollar possible is spent supporting sports and athletes".

"Those grants would be directed to where they would provide the greatest benefit to their sport and athletes, by the sports themselves," Roche wrote on her personal blog.

"For example, the funding could be used to co-fund travel to international training and competition, to improve the performance of current athletes or to develop the next crop of athletes so that we can be confident that Australia has the chance to be represented in every Olympic sport, large and small.  

"Of course, I will honour any existing funding agreements sports have with the AOC."

Roche, who is the first person to challenge Coates for the Presidency, which he has held since 1990, has also revealed her intention "to request a line-by-line review of AOC expenditure on compensation, administration and marketing to identify further savings".

"Those savings would be allocated across Australia's Summer and Winter Olympic sports, including the 15 least funded Olympic sports," added Roche, a member of the Australia team which won the hockey gold medal at Atlanta 1996.

"Every Summer and Winter Olympic sport is important, but it is clear that the AOC can and should be doing much more to support those that receive the smallest amount of Government funding.

"This grants programme is an important part of my plan to ensure the AOC better supports Australia's least funded Olympic sports in the future, and that every dollar possible is spent supporting sports and athletes."

Roche, nominated for the Presidency by Hockey Australia, has also vowed to improve the collaboration between the AOC and the Australian Sports Commission (ASC) in spite of the ongoing war of words between the two organisations.

Coates, a vice-president of the International Olympic Committee, recently admitted to swearing at ASC chairman John Wylie during a heated discussion at the Nitro Athletics event in Melbourne in February.

Roche has also denied claims she was put up to standing against Coates by Wylie.

She has been given the backing of former Victoria Premier Jeff Kennett in her bid for the AOC Presidency.

In an opinion piece published in the Herald Sun, Kennett claimed it was time for change at the top of the organisation.

"We need leadership to serve others and their country, and to conduct themselves publicly in a way we can all admire and of whom we can be proud," he wrote.

"Service before self, not self before service."