Complex sentence: The Women's Australian Open is a golf tournament played in Australia, operated by the ALPG Tour, long co-sanctioned by the Ladies European Tour (LET), and as of 2012 also co-sanctioned by the U.S.-based LPGA Tour.
Split into simpler sentences: The Women's Australian Open is a golf tournament played in Australia, operated by the ALPG Tour, long co-sanctioned by the Ladies European Tour (LET). Beginning with the 2012 event, it is also co-sanctioned by the U.S.-based LPGA Tour.