The Victoria Cross was awarded to 10 Anzacs during the Gallipoli campaign.
Norman Henry Sohier
a u s t r a l i a  &  n e w  z e a l a n d  a r m y  c o r p s
Some of the Australian WW1 VC Recipients
*97 Australians have received this prestigious medal.  (April, 2007)
L-R Top Row:  Lieutenant John Patrick Hamilton VC
Corporal Walter Peeler VC
Lieutenant Joseph Maxwell VC MC DCM
L-R Bottom Row:  Lieutenant John James Dwyer VC
Sergeant Maurice Vincent Buckley VC DCM
Private George Cartwright VC
Field Marshal Lord William Riddell Birdwood (Second from Left) and Victoria Cross recipients, Air Vice Marshal F.H. McNamara,
Colonel W.J. Symons and Lieutenant L. Keysor. c.1939
Served Overseas
Victoria Cross Recipients
Conflict
Boer War
World War 1
World War 2
Vietnam War
16,463
331,781
575,799
50,001
6
65
20
4
Medal Total
97
The above table is for interest purposes only.  I'm not an analyst and I believe that many factors would have to be taken into account before any conclusions could be drawn.  Each war was fought under different circumstances and conditions.  However, we lost more men in World War 1 than in any other conflict.
Note: Australia's population today (April, 2007) is around 20 million.  A small number for a country the size (in area) of Continental USA.
Queen Victoria
Private William Matthew Currey VC
Russia 1919
2
?
Queen Victoria
Lance-Corporal Albert Jacka of 14th Infantry Battalion was the first Australian to receive a Victoria Cross in World War 1 for his bravery at Courtney's Post, Gallipoli, on the night of May 19-20, 1915.  Jacka became a legend in the AIF for his incredible exploits. At the end of the war he was a Captain with an MC and Bar added to his VC.
Citation reads:
For most conspicuous bravery on the night of the 19-20th May, 1915, at Courtney's Post, Gallipoli Peninsula.  Lance-Corporal Jacka, while holding a portion of our trench
Albert Jacka
with four men, was heavily attacked.  When all except himself were killed or wounded, the trench was rushed and occupied by seven Turks.  Lance-Corporal Jacka at once most gallantly attacked them single-handed and killed the whole party, five by rifle fire and two with the bayonet. **
**Source: Gallipoli :: The Incredible Campaign by Tim Swifte 1985 :: Published by Magazine Promotions Australia Pty. Ltd.,                                     57 Regent Street, Sydney.
The Victoria Cross was awarded to 10 Anzacs during the Gallipoli campaign.
Victoria Cross
Albert Jacka
Queen Victoria