Australia holds its Formula One Grand Prix event at Albert Park in Melbourne every year, as a part of the F1 world championship. The 5.3 km long 16 turn circuit traditionally holds the first race of every new session and has been doing so since 1996. 2006 was an exception when the event had to be deferred because it collided with the Commonwealth Games.
Australian Grand Prix has never runs short of excitement. One of the greatest moments in Australian Grand Prix came when Mark Webber came fifth in the 2002 event in his underpowered Minardi. His taking the podium with Paul Stoddard, the owner of Team Australia, was an event that generated much national excitement. The worst tragedy struck in 2001, when a terrible accident caused the death of the 52 year old Graham Beveridge, a volunteer track marshal. Michael Schumacher remains to be the best driver of the Australian Grand Prix. It also witnessed the debut of Kimi Raikkonen and the modern British sensation Lewis Hamilton.

