Race Result
| GP n. 698 - 09/03/2003 - Grand Prix of Australia Albert Park Grand Prix Circuit |
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| Winner: | David Coulthard / McLaren-Mercedes - 1:34:42.124 | ||||||
| Pole Position: | Michael Schumacher / Ferrari - 1:27.173 | ||||||
| Fastest Lap: | Kimi Raikkonen / McLaren-Mercedes - 1:27.724 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 5 |  David Coulthard |
McLaren-Mercedes | 58 | 1:34:42.124 | 11 | 10 |
| 2 | 3 |  Juan Pablo Montoya |
Williams-BMW | 58 | +8.6 secs | 3 | 8 |
| 3 | 6 |  Kimi Raikkonen |
McLaren-Mercedes | 58 | +9.1 secs | 15 | 6 |
| 4 | 1 |  Michael Schumacher |
Ferrari | 58 | +9.4 secs | 1 | 5 |
| 5 | 7 |  Jarno Trulli |
Renault | 58 | +38.8 secs | 12 | 4 |
| 6 | 10 | Heinz-Harald Frentzen |
Sauber-Petronas | 58 | +43.9 secs | 4 | 3 |
| 7 | 8 |  Fernando Alonso |
Renault | 58 | +45.0 secs | 10 | 2 |
| 8 | 4 | Ralf Schumacher |
Williams-BMW | 58 | +45.7 secs | 9 | 1 |
| 9 | 16 |  Jacques Villeneuve |
BAR-Honda | 58 | +65.5 secs | 6 | 0 |
| 10 | 17 | Jenson Button |
BAR-Honda | 58 | +65.9 secs | 8 | 0 |
| 11 | 19 |  Jos Verstappen |
Minardi-Cosworth | 57 | +1 lap | 20 | 0 |
| Ret | 15 |  Antonio Pizzonia |
Jaguar-Cosworth | 52 | suspension | 18 | 0 |
| Ret | 11 | Giancarlo Fisichella |
Jordan-Ford | 52 | gearbox | 13 | 0 |
| Ret | 20 |  Olivier Panis |
Toyota | 31 | fuel pressure | 5 | 0 |
| Ret | 9 | Nick Heidfeld |
Sauber-Petronas | 20 | suspension | 7 | 0 |
| Ret | 18 | Justin Wilson |
Minardi-Cosworth | 16 | radiator | 19 | 0 |
| Ret | 14 |  Mark Webber |
Jaguar-Cosworth | 15 | suspension | 14 | 0 |
| Ret | 21 | Cristiano da Matta |
Toyota | 7 | spin | 16 | 0 |
| Ret | 12 | Ralph Firman |
Jordan-Ford | 6 | accident | 17 | 0 |
| Ret | 2 | Rubens Barrichello |
Ferrari | 5 | accident | 2 | 0 |