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Melbourne Australia 9 March 1997
Previous Winners
| POS |
NO |
Driver |
Team |
Model |
Engine |
Type |
Laps |
Time/Reason |
Grid |
Row |
| 1 | 10 | David COULTHARD | McLaren | MP4/12 | Mercedes-Benz | FO110K | 58 | 1h 30m 28.720s | 4 | 2 |
| 2 | 5 | Michael SCHUMACHER | Ferrari | F310B | Ferrari | 050 | 58 | 1h 30m 48.759s | 3 | 2 |
| 3 | 9 | Mika HÄKKINEN | McLaren | MP4/12 | Mercedes-Benz | FO110K | 58 | 1h 30m 50.890s | 6 | 3 |
| 4 | 8 | Gerhard BERGER | BENETTON | B197 | Renault | RS21 | 58 | 1h 30m 51.560s | 10 | 5 |
| 5 | 14 | Olivier PANIS | PROST | JS45 | Mugen Honda | V10 | 58 | 1h 31m 29.029s | 9 | 5 |
| 6 | 17 | Nicola LARINI | SAUBER | C16 | Sauber Petronas | 01A | 58 | 1h 32m 4.759s | 13 | 7 |
| 7 | 15 | Shinji NAKANO | PROST | JS45 | Mugen Honda | V10 | 56 | - | 16 | 8 |
| 9 | 21 | Jarno TRULLI | MINARDI | M197 | Hart | V8 | 55 | - | 17 | 9 |
| 10 | 2 | Pedro DINIZ | ARROWS | A18 | Yamaha | V10 | 54 | - | 22 | 11 |
| nq | 25 | Ricardo ROSSET | LOLA | T97/30 | Ford Cosworth | V8 | - | - | - | - |
| nq | 24 | Vincenzo | SOSPIRI | LOLA | T97/30 | Ford Cosworth | V8 | - | - | - | - |
| r | 4 | Heinz-Harald FRENTZEN | WILLIAMS | FW19 | Renault | RS21 | 55 | front brake disc/ spin | 2 | 1 |
| r | 22 | Rubens BARRICHELLO | STEWART | SF-1 | Ford Cosworth | V10 | 49 | engine | 11 | 6 |
| r | 19 | Mika SALO | TYRRELL | 025 | Ford Cosworth | V8 | 42 | electrics | 18 | 9 |
| r | 23 | Jan MAGNUSSEN | STEWART | SF-1 | Ford Cosworth | V10 | 36 | rear suspension | 19 | 10 |
| r | 7 | Jean ALESI | BENETTON | B197 | Renault | RS21 | 34 | out of fuel | 8 | 4 |
| r | 20 | Ukyo KATAYAMA | MINARDI | M197 | Hart | V8 | 32 | fuel pump | 15 | 8 |
| r | 12 | Giancarlo FISICHELLA | JORDAN | 197 | Peugeot | V10 | 14 | spin | 14 | 7 |
| r | 18 | Jos VERSTAPPEN | TYRRELL | 025 | Ford Cosworth | V8 | 2 | accident | 21 | 11 |
| r | 11 | Ralf SCHUMACHER | JORDAN | 197 | Peugeot | V10 | 1 | driveshaft | 12 | 6 |
| r | 3 | Jacques VILLENEUVE | WILLIAMS | FW19 | Renault | RS21 | 0 | accident | 1 | 1 |
| r | 16 | Johnny HERBERT | SAUBER | C16 | Sauber Petronas | 01A | 0 | accident | 7 | 4 |
| r | 6 | Eddie IRVINE | Ferrari | F310B | Ferrari | 050 | 0 | accident/ left front tyre | 5 | 3 |
| r | 1 | Damon HILL | ARROWS | A18 | Yamaha | V10 | - | throttle sensor | 20 | 10 |
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