Race Result
| GP n. 582 - 10/03/1996 - Grand Prix of Australia Albert Park Grand Prix Circuit |
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| Winner: | Damon Hill / Williams-Renault - 1:32'50.491 | ||||||
| Pole Position: | Jacques Villeneuve / Williams-Renault - 1:32.371 | ||||||
| Fastest Lap: | Jacques Villeneuve / Williams-Renault - 1:33.421 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 5 |  Damon Hill |
Williams-Renault | 58 | 1:32'50.491 | 2 | 10 |
| 2 | 6 |  Jacques Villeneuve |
Williams-Renault | 58 | +38.020 | 1 | 6 |
| 3 | 2 | Eddie Irvine |
Ferrari | 58 | +1'02.571 | 3 | 4 |
| 4 | 4 |  Gerhard Berger |
Benetton-Renault | 58 | +1'17.037 | 7 | 3 |
| 5 | 7 |  Mika Hakkinen |
McLaren-Mercedes | 58 | +1'35.071 | 5 | 2 |
| 6 | 19 | Mika Salo |
Tyrrell-Yamaha | 57 | +1 lap | 10 | 1 |
| 7 | 9 |  Olivier Panis |
Ligier-Mugen-Honda | 57 | +1 lap | 11 | 0 |
| 8 | 15 |  Heinz-Harald Frentzen |
Sauber-Ford | 57 | +1 lap | 9 | 0 |
| 9 | 16 |  Ricardo Rosset |
Footwork-Hart | 56 | +2 laps | 18 | 0 |
| 10 | 10 | Pedro Diniz |
Ligier-Mugen-Honda | 56 | +2 laps | 20 | 0 |
| 11 | 18 |  Ukyo Katayama |
Tyrrell-Yamaha | 55 | +3 laps | 15 | 0 |
| Ret | 20 |  Pedro Lamy |
Minardi-Ford | 42 | safety belt | 17 | 0 |
| Ret | 1 | Michael Schumacher |
Ferrari | 32 | brakes | 4 | 0 |
| Ret | 21 |  Giancarlo Fisichella |
Minardi-Ford | 32 | clutch | 16 | 0 |
| Ret | 11 | Rubens Barrichello |
Jordan-Peugeot | 29 | engine | 8 | 0 |
| Ret | 8 | David Coulthard |
McLaren-Mercedes | 24 | throttle | 13 | 0 |
| Ret | 17 |  Jos Verstappen |
Footwork-Hart | 15 | engine | 12 | 0 |
| Ret | 3 | Jean Alesi |
Benetton-Renault | 9 | collision | 6 | 0 |
| Ret | 12 | Martin Brundle |
Jordan-Peugeot | 1 | spun off | 19 | 0 |
| Dnq | 22 | Luca Badoer |
Forti-Ford | did not qualify | 0 | ||
| Dnq | 23 | Andrea Montermini |
Forti-Ford | did not qualify | 0 | ||
| Dns | 14 | Johnny Herbert |
Sauber-Ford | did not start | 14 | 0 | |