Damon Hill won the Australian Grand Prix 1996 at Albert Park Grand Prix Circuit on 10 March 1996, starting from P2 on the grid. Jacques Villeneuve finished second for Williams, with Eddie Irvine completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 2 | Damon HillHIL | Williams | 58 | 1:32:50.4 | 10 | |
| 2 | 1 | Jacques VilleneuveVIL | Williams | 58 | +38.020 | 6 | |
| 3 | 3 | Eddie IrvineIRV | Ferrari | 58 | +1:02.571 | 4 | |
| 4 | 7 | Gerhard BergerBER | Benetton | 58 | +1:17.037 | 3 | |
| 5 | 5 | Mika HäkkinenHKK | McLaren | 58 | +1:35.071 | 2 | |
| 6 | 10 | Mika SaloSAL | Tyrrell | 57 | +1 Lap | 1 | |
| 7 | 11 | Olivier PanisPAN | Ligier | 57 | +1 Lap | 0 | |
| 8 | 9 | Heinz-Harald FrentzenFRE | Sauber | 57 | +1 Lap | 0 | |
| 9 | 18 | Ricardo RossetROS | Footwork | 56 | +2 Laps | 0 | |
| 10 | 20 | Pedro DinizDIN | Ligier | 56 | +2 Laps | 0 | |
| 11 | 15 | Ukyo KatayamaKAT | Tyrrell | 55 | +3 Laps | 0 | |
| R | 17 | Pedro LamyLAM | Minardi | 42 | Safety belt | 0 | |
| R | 4 | Michael SchumacherMSC | Ferrari | 32 | Brakes | 0 | |
| R | 16 | Giancarlo FisichellaFIS | Minardi | 32 | Clutch | 0 | |
| R | 8 | Rubens BarrichelloBAR | Jordan | 29 | Engine | 0 | |
| R | 13 | David CoulthardCOU | McLaren | 24 | Throttle | 0 | |
| R | 12 | Jos VerstappenVER | Footwork | 15 | Engine | 0 | |
| R | 6 | Jean AlesiALE | Benetton | 9 | Collision | 0 | |
| R | 19 | Martin BrundleBRU | Jordan | 1 | Collision | 0 | |
| R | 14 | Johnny HerbertHER | Sauber | 0 | Collision | 0 | |
| F | 21 | Luca BadoerBAD | Forti | 0 | 107% Rule | 0 | |
| F | 22 | Andrea MonterminiMON | Forti | 0 | 107% Rule | 0 |
| Pos | Driver | Team | Q1 | Q2 | Q3 |
|---|---|---|---|---|---|
| 1 | Jacques Villeneuve | Williams | 1:32.371 | - | - |
| 2 | Damon Hill | Williams | 1:32.509 | - | - |
| 3 | Eddie Irvine | Ferrari | 1:32.889 | - | - |
| 4 | Michael Schumacher | Ferrari | 1:33.125 | - | - |
| 5 | Mika Häkkinen | McLaren | 1:34.054 | - | - |
| 6 | Jean Alesi | Benetton | 1:34.257 | - | - |
| 7 | Gerhard Berger | Benetton | 1:34.344 | - | - |
| 8 | Rubens Barrichello | Jordan | 1:34.474 | - | - |
| 9 | Heinz-Harald Frentzen | Sauber | 1:34.494 | - | - |
| 10 | Mika Salo | Tyrrell | 1:34.832 | - | - |
| 11 | Olivier Panis | Ligier | 1:35.330 | - | - |
| 12 | Jos Verstappen | Footwork | 1:35.338 | - | - |
| 13 | David Coulthard | McLaren | 1:35.351 | - | - |
| 14 | Johnny Herbert | Sauber | 1:35.453 | - | - |
| 15 | Ukyo Katayama | Tyrrell | 1:35.715 | - | - |
| 16 | Giancarlo Fisichella | Minardi | 1:35.898 | - | - |
| 17 | Pedro Lamy | Minardi | 1:36.109 | - | - |
| 18 | Ricardo Rosset | Footwork | 1:36.198 | - | - |
| 19 | Martin Brundle | Jordan | 1:36.286 | - | - |
| 20 | Pedro Diniz | Ligier | 1:36.298 | - | - |