At my Year 12 graduation they gave 'subject awards' for the person who is #1 rank. Got Literature, Business and Economics so was fairly pleased with that, considering I had a feeling I wasn't going to get any!
I wish my school did that...
We have overall academic awards, which aren't given to the students with the highest marks, but rather to the students who supposedly had the best "work attitude" (in other words, the students who suck up the most).
We also have awards to random things like a music award, a LOTE award and a few sports awards. Then we have community awards for helping out in the community (nothing to do with academia) and then a lot more sports awards.
We have no maths, English or science awards, which I find very disappointing.