Finance Australia :: News
SHARE

Share this news item!

Victoria Moves to Secure Future of MotoGP at Phillip Island

State Government Proposes Financial Support to Retain Prestigious Motorcycle Event

Victoria Moves to Secure Future of MotoGP at Phillip Island?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Victorian government has extended a financial proposal to retain the Australian Motorcycle Grand Prix at Phillip Island, as the current contract approaches its expiration.
This initiative aims to ensure the continuation of the event, which has been a staple at the Phillip Island circuit since the 1990s, drawing thousands of tourists annually.

Tourism, Sport and Major Events Minister Steve Dimopoulos highlighted the event's significance, noting that 91,000 visitors attended the Grand Prix last year. The government has offered additional funding to the event's operator, MotoGP Sports Entertainment Group, to incentivise the continuation of the race at its traditional venue.

However, the exact amount of the financial offer has not been disclosed, and it remains unclear whether the operator has accepted the proposal. There have been indications that MotoGP Sports Entertainment Group is considering relocating the event to Melbourne's Albert Park, a move the state government opposes.

Bass Coast Mayor Rochelle Halstead expressed optimism about the government's efforts, emphasising the community's strong support for keeping the event at Phillip Island. A petition with over 4,000 signatures was submitted to the government last year, underscoring the local commitment to the Grand Prix.

The outcome of these negotiations will be crucial for the future of the Australian Motorcycle Grand Prix and its continued presence at Phillip Island, a venue renowned for its rich motorsport heritage.

Published:Thursday, 23rd Apr 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Finance News

MotorCycle Holdings Achieves Significant Revenue Growth in Early 2026
MotorCycle Holdings Achieves Significant Revenue Growth in Early 2026
23 Apr 2026: Paige Estritori
MotorCycle Holdings Limited, Australia's leading motorcycle retailer, has reported a substantial 21% increase in revenue for the first half of the 2026 fiscal year, reaching $396.4 million. This growth is attributed to both organic expansion and the successful integration of the Peter Stevens/Harley-Heaven acquisition completed in July 2025. - read more
Victoria Moves to Secure Future of MotoGP at Phillip Island
Victoria Moves to Secure Future of MotoGP at Phillip Island
23 Apr 2026: Paige Estritori
The Victorian government has extended a financial proposal to retain the Australian Motorcycle Grand Prix at Phillip Island, as the current contract approaches its expiration. This initiative aims to ensure the continuation of the event, which has been a staple at the Phillip Island circuit since the 1990s, drawing thousands of tourists annually. - read more
ASBK Joins Forces with MotoGP for 2026 Phillip Island Event
ASBK Joins Forces with MotoGP for 2026 Phillip Island Event
23 Apr 2026: Paige Estritori
The 2026 Australian Motorcycle Grand Prix at Phillip Island is set to feature an exciting addition, with the Australian Superbike Championship (ASBK) joining the event's on-track schedule. This collaboration marks the first time that ASBK will compete alongside the MotoGP, Moto2, and Moto3 classes during the Grand Prix weekend. - read more


Finance Articles

How Your Credit Rating Impacts Your Loan Options: What You Need to Know
How Your Credit Rating Impacts Your Loan Options: What You Need to Know
A credit rating is essentially a numerical representation of your financial trustworthiness. It's like a report card for your creditworthiness, where higher scores indicate better financial habits. Lenders and financial institutions scrutinize this score when you apply for credit, serving as a primary factor in approving or denying loan applications. - read more
Online Loan Application Essentials: What to Know Before You Click Submit
Online Loan Application Essentials: What to Know Before You Click Submit
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more
The Great Debate: Pros and Cons of Refinancing Your Home Loan
The Great Debate: Pros and Cons of Refinancing Your Home Loan
In recent years, refinancing has emerged as a popular financial strategy for many Australian homeowners. With the housing market's dynamic nature and fluctuating interest rates, more people are considering the benefits of refinancing their home loans. This trend is not surprising, as refinancing can potentially reduce monthly payments, secure lower interest rates, and assist with debt consolidation. - read more


Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Mortgage:
A loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years.