It’s official; Adam Scott is the new World No.1, replacing Tiger Woods, who has held the premier position for the past 60 weeks.

Scott, who has been the World No.2 for the past 38 weeks, assumed the title without playing this week as a result of the injured Woods losing points from the two-year rolling period of the ranking.

Adam Scott; the new World No.1. PHOTO: Getty Images

Woods has been sidelined for more than six weeks following surgery to ease a pinched nerve that saw him miss the Masters and has put him in doubt for the US Open next month and The Open Championship in July.

The Queenslander becomes just the second Australian to be the world’s highest ranked golfer following his mentor Greg Norman, who held the position for 331 weeks in the 1980s and 1990s. He is the 17th player to hold the No.1 spot since the inception of the official world golf ranking in the mid-1980s.

“I think it's a nice feather in the cap, probably,” Scott said last week.

“If I was never World No.1 when I'm this close, I would be disappointed. But I would also much rather win the US Open and not be number one at all this year. That's what it comes down to it.”

CEO of the PGA of Australia Brian Thorburn said it was another outstanding achievement for Scott.

“The Australian golfing community is very proud of Adam and we look forward to watching his progress throughout the year.”

Scott continues Australia’s great run of form on the world stage in 2014. Already this year, John Senden, Steven Bowditch and Matt Jones have won on the PGA TOUR, while Marcus Both was victorious at the Asian Tour’s Philippine Open at the weekend.

“Australia is a proud sporting nation and we are privileged to have so many talented golfers flying the Aussie flag around the world,” added Thorburn.

The 33-year-old Scott will return to the PGA Tour this week at the Crowne Plaza Invitational in Texas.