expensive and unfair?

The Weekend Australian is running a photo competition. Bit the terms and conditions can only be considered to be unreasonable and unfair. It in effect gives them access to an image, that in Australia would not cost less than $150 for nothing. This is a very expensive price to pay for entry into a photo competition. It seems that many papers and organisers are trying this stunt as more people get a mobile phone. My recommendation, do not enter these competitions until the terms are changed back to something more reasonable. I wonder if the competition and lottery organisations are onto this?

T&C
Each entrant assigns to the Promoter all copyright and other intellectual property rights in each photo and description sent in as part of an entry in this competition. Each entrant acknowledges that the Promoter, as owner of the copyright in the photographs and descriptions, may reproduce the photographs and descriptions in any media or marketing for any purpose without permission or payment. The entrants agree to waive all their rights, including moral rights, in the photographs entered by the entrants in this competition.