This report counts for each subject the total number of merit results awarded to students in 2004. Where subjects have equal merit counts, entries are listed alphabetically.
| 1 | Aboriginal Studies | 1 |
| 2 | Accounting Studies | 15 |
| 3 | Agricultural and Horticultural Practice | 1 |
| 4 | Agricultural and Horticultural Science | 1 |
| 5 | Art Practical | 12 |
| 6 | Australian History | 5 |
| 7 | Biology | 49 |
| 8 | Broadcasting and Multimedia B | 2 |
| 9 | Business and the Community | 2 |
| 10 | Business Documents | 11 |
| 11 | Business Studies | 8 |
| 12 | Chemistry | 61 |
| 13 | Chinese (Background Speakers) | 4 |
| 14 | Chinese (Continuers) | 3 |
| 15 | Classical Studies | 12 |
| 16 | Communication Products A | 14 |
| 17 | Communication Products B | 1 |
| 18 | Community Services B | 3 |
| 19 | Composing and Arranging | 5 |
| 20 | Contemporary Issues and Science | 4 |
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| 21 | Craft Practical | 2 |
| 22 | Dance | 1 |
| 23 | Dance Studies | 2 |
| 24 | Design and Technology Studies | 2 |
| 25 | Design Practical | 7 |
| 26 | Design, Construction and the Community | 15 |
| 27 | Desktop Publishing | 7 |
| 28 | Drama | 3 |
| 29 | Drama Studies | 13 |
| 30 | Early Childhood Studies | 16 |
| 31 | Economics | 22 |
| 32 | Electronic Publishing | 2 |
| 33 | English as a Second Language | 1 |
| 34 | English as Second Language Studies | 24 |
| 35 | English Communications | 54 |
| 36 | English Studies | 68 |
| 37 | Ensemble Performance | 20 |
| 38 | Extension Studies B | 1 |
| 39 | Food and Hospitality Studies | 14 |
| 40 | Foods and the Community | 7 |
| 41 | French (Continuers) | 5 |
| 42 | Geography | 1 |
| 43 | Geography Studies | 27 |
| 44 | Geology | 2 |
| 45 | German (Continuers) | 9 |
| 46 | Health Education | 4 |
| 47 | Health, Recreation and the Community | 10 |
| 48 | Indonesian (Continuers) | 4 |
| 49 | Information Technology | 3 |
| 50 | Information Technology B | 2 |
| 51 | Information Technology Studies | 9 |
| 52 | Italian (Continuers) | 4 |
| 53 | Japanese (Accelerated) | 1 |
| 54 | Japanese (Continuers) | 9 |
| 55 | Language and the Community | 7 |
| 56 | Legal Studies | 21 |
| 57 | Lifestyles and the Community | 5 |
| 58 | Material Products A | 6 |
| 59 | Material Products B | 2 |
| 60 | Mathematical Applications | 30 |
| 61 | Mathematical Methods | 12 |
| 62 | Mathematical Studies | 67 |
| 63 | Mathematics and the Community | 1 |
| 64 | Media Production and Analysis | 11 |
| 65 | Modern Greek (Continuers) | 1 |
| 66 | Modern History | 28 |
| 67 | Music in Society | 2 |
| 68 | Music Individual Study | 16 |
| 69 | Musicianship | 7 |
| 70 | Natural Resources Management | 2 |
| 71 | Nutrition | 7 |
| 72 | Outdoor Education | 9 |
| 73 | Performance Special Study | 14 |
| 74 | Personal Documents | 7 |
| 75 | Philosophy | 3 |
| 76 | Physical Education | 40 |
| 77 | Physics | 71 |
| 78 | Politics | 2 |
| 79 | Psychology | 10 |
| 80 | Religions in Australia | 8 |
| 81 | Retail A | 1 |
| 82 | Science and the Community | 1 |
| 83 | Seafood Operations B | 1 |
| 84 | Small Business Enterprise | 4 |
| 85 | Solo Performance | 33 |
| 86 | Spanish (Continuers) | 1 |
| 87 | Specialist Mathematics | 29 |
| 88 | Sport and Recreation B | 5 |
| 89 | Studies of Religion | 4 |
| 90 | Studies of Societies | 14 |
| 91 | Systems and Control Products A | 1 |
| 92 | Technology and the Community | 8 |
| 93 | Textile Studies | 1 |
| 94 | The Arts and the Community | 18 |
| 95 | The Australian Legal System | 2 |
| 96 | The Community and the Environment | 5 |
| 97 | Tourism | 17 |
| 98 | Vietnamese (Background Speakers) | 1 |
| 99 | Visual Arts Studies | 20 |
| 100 | Vocational Studies A | 13 |
| 101 | Vocational Studies B | 2 |
| 102 | Women's Studies | 3 |
| 103 | Work and the Community | 9 |