Formula 1 have confirmed that Albert Park will remain on the calendar until and including 2035 after agreeing on a new 10-year deal.
The venue has fended off interest from Sydney, amongst others, and will welcome F2 and F3 to next season's event for the first time.
The 10-year-deal also includes plans to up-scale the paddock and pit buildings, so as to future proof the venue for many years to come.
But which other tracks have confirmed their long-term futures and which are at risk of losing their spot in 2023?
Which venues have the shortest deals?
While the Monaco GP was held in 2022, the venue is currently negotiating it's future with no deal in place for 2023.
Circuit Paul Ricard, Mexico City, Spa-Francorchamps and the Red Bull Ring will all see their contracts expire during 2022, but Austria does hold an option to extend by a further two seasons.
And historic venues such as Silverstone, Suzuka and Monza will see their current F1 deals expire in 2024.
Who has the longest deals on F1's calendar?
Bahrain International Circuit currently boast the longest agreement with Formula 1, with the Bahrain Grand Prix set to remain on the calendar until at least 2036 thanks to their massive new deal.
Albert Park is not too far behind, with their deal having guaranteed the future of the Australian Grand Prix until at least 2035.
Miami also holds a long deal until 2031, while racing will continue in Abu Dhabi and Qatar (from 2023) until 2030 and 2031, respectively.
F1 Grand Prix circuit contracts
|Country||Circuit||First race||Contract until|
|Saudi Arabia||Jeddah||2021||2025 (May move to Qiddiya in the future)|
|Monaco||Monte-Carlo||1950||2021 (Renewal being negotiated)|
|Austria||Red Bull Ring||1970||2022 (Multi-year option)|
|Netherlands||Zandvoort||1950||2023 (Option for further two years)|
|Abu Dhabi||Yas Marina||2009||2030|
|Qatar||Losail||Returns 2023||2031 (May move in the future)|
|United States||Las Vegas||Returns 2023||Unknown (Joint venture)|
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