The race was the twenty first Australian Grand Prix and the second to be held on a street circuit situated around the Albert Park Lake, the current location of the race. It had been moved to the end of the year, and the rotational system which shifted the race from state to state was suspended to allow the AGP to capitalise on the publicity generated around the 1956 Olympic Games which were being held in Melbourne. With the presence of the works Officine Alfieri Maserati racing team, bringing with them Stirling Moss, Jean Behra and a fleet of 250F, and fellow European based racers Ken Wharton, Peter Whitehead and Reg Parnell, the race became the most important motor racing event held in Australia's history to that point.
