The Australian Grand Prix is a motor race held annually in Australia currently under contract to host Formula One until 2023. The Grand Prix is the oldest surviving motor racing competition held in Australia having been contested 83 times since it was first run at Phillip Island in 1928. It is currently sponsored with naming rights by the Swiss watchmaker Rolex.
Prior to its inclusion in the World Championship, it was held at a multitude of venues in every state of Australia. It was a centrepiece of the Tasman Series in most years between 1964 and 1972 and was a round of the Australian Drivers' Championship on many occasions between 1957 and 1983.
The race became part of the Formula One World Championship in 1985 and was held at the Adelaide Street Circuit in Adelaide, South Australia, from that year to 1995. From 1996 it has been held at the Melbourne Grand Prix Circuit at Albert Park in Melbourne. The winner of the race is presented with a circular plate, recently named the Jack Brabham trophy in a design based on the steering wheel of one of Brabham's racing cars and a perpetual trophy, the Lex Davison trophy. These trophies each date back to the 1960s.
Since moving to Melbourne, the Australian Grand Prix has been the first race of the F1 World Championship excluding 2006 and 2010.
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