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| Date | Sunday 9 March 1997 |
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| Start time | 14:00 |
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| Event | Australian GP |
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| Circuit | Melbourne |
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| Event Format | Race of 58 laps |
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| Race | 1 of 17 |
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| Championship race | 598 |
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| Laps | 58 |
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| Circuit Perimeter | 5302 m |
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| Race Distance | 5302 × 58 = 307.516 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Left |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Partially cloudy, Mild, Dry |
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| Entries | 24 |
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| Qualifiers | 22 |
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| Finishers | 10 |
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| Championship Debutants | Jarno Trulli (Driver),
Ralf Schumacher (Driver),
Shinji Nakano (Driver),
Vincenzo Sospiri (Driver),
Prost (Car Manufacturer),
Stewart (Car Manufacturer),
Petronas (Engine Manufacturer),
Arrows A18 (Car Model),
Benetton B197 (Car Model),
Ferrari F310B (Car Model),
Jordan 197 (Car Model),
Lola T97/30 (Car Model),
McLaren MP4/12 (Car Model),
Minardi M197 (Car Model),
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Prost JS45 (Car Model),
Sauber C16 (Car Model),
Stewart SF1 (Car Model),
Tyrrell 025 (Car Model),
Williams FW19 (Car Model),
Danka Arrows Yamaha (Entrant),
HSBC Malaysia Stewart Ford (Entrant),
Mastercard Lola F1 Team (Entrant),
PIAA Tyrrell (Entrant),
Prost Gauloises Blondes (Entrant),
Red Bull Sauber Petronas (Entrant),
Scuderia Ferrari Marlboro (Entrant),
West McLaren Mercedes (Entrant)
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| Milestones | Car 10 - 10th Win (Car Number)
Car 4 - 25th Fastest Lap (Car Number)
Bridgestone - 10th Race Entry (Tyre Manufacturer)
Heinz-Harald Frentzen - 1st Fastest Lap (Driver)
Heinz-Harald Frentzen - 50th Race Entry (Driver)
Johnny Herbert - 100th Race Entry (Driver)
Mercedes - 10th Win (Engine Manufacturer)
Olivier Panis - 50th Race Entry (Driver)
Peugeot - 100th Race Entry (Engine Manufacturer)
West McLaren Mercedes - 1st Win (Entrant)
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| Records Broken |
1. Highest 5th Place Finish Ratio – Prost (50.00%)
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| Records Extended |
1. Most Drivers' Championship Points Scores – Ferrari (633),
2. Most Podium Finishes – Ferrari (400),
3. Most Constructors' Championship Points Scores – Ferrari (501),
4. Most 2nd Place Finishes – Ferrari (156),
5. Most 4th Place Finishes –  Gerhard Berger (24),
6. Most Race Entries – Ferrari (1362),
7. Most 3rd Place Qualifications – Ferrari (146),
8. Most 5th Place Qualifications – Ferrari (141)
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