http://www.formula1.com/news/headlines/2008/7/8037.html

Melbourne will continue to host the Australian Grand Prix until at least 2015 a

fter securing a new contract with Formula One Management. Contrary to media speculation, there will be no night races in Albert Park, but next year’s event will start at the later time of 5pm.

“The Australian Grand Prix has always been a great show, with some of the biggest crowds in Formula One,” said Bernie Ecclestone, Formula One Management CEO. “I have wanted changes to the local race time so that we can increase the television audience in Europe and Asia.

“I’m satisfied that the decision to move to later start time for 2009 races is a win for television audiences in Europe and Asia, a win for Melbourne and a win for Formula One as a whole.”

Melbourne has been the home of the Australian Grand Prix since 1996 and Victoria State Premier John Brumby welcomed the renewed contract: “Today’s announcement confirms what every Melburnian knows - we live in the undisputed major events capital of the world.

“The Grand Prix has been an outstanding event for Victoria over a long period of time and has helped put Melbourne on a global stage. Retaining the event is important to Victoria’s ongoing growth and prosperity."

In 2008, more than 300,000 people attended the four-day event and saw McLaren’s Lewis Hamilton win, the return of the popular V8 Supercars support series and a two-hour rock concert from KISS at the conclusion of the race.

Australian Grand Prix Corporation Chairman, Ronald Walker, congratulated the Victorian Government and Formula One Management on the contract extension.

“Formula One is good for Melbourne and Melbourne is good for Formula One,” he said. “We’re very pleased that’s been recognised by everyone and I’m extremely grateful to Premier Brumby and Minister Holding for their involvement and to Mr Ecclestone for his support. The team at the Australian Grand Prix Corporation will get on with what it does best - putting on a world class show every March at Albert Park.”

Next year’s Australian Grand Prix is expected to take place on March 26-29.

ohhhh gay i wanted it to come back to adelaide ...later in the year so it dosnt clash with clipsal

i cant wait, with a bit of luck i'll b there next year

Awsome will have to fly down next year !

oh thast awesome... kinda bittersweet

im going down for 09 cos i thoughtit mite of been the last year, but suppose it just means i can go for another 6 years too

This is great news dude. I am an avid fan of F1 and have been following the race since way back. I think the Aus race is among the most anticipated -- primarily because it is, traditionally, the first race of the season. More power to Melbourne and I sure hope I can catch the next race!

That's awesome i wish they had something like that up here in Queensland.

Stoked. Im flying over to see it for the first time this year.