| Race Name: | LXIX Foster's Australian Grand Prix |
| Track: | Melbourne Grand Prix Circuit |
| Round: | 1 of 18 |
| Race date: | Sunday, March 7th, 2004 |
| Race time: | 14.00 |
| 1st | 2nd | 3rd | |
| Driver | Michael Schumacher | Rubens Barrichello | Fernando Alonso |
| Constructor | Ferrari | Ferrari | Renault |
| Car | Ferrari F2004 | Ferrari F2004 | Renault R24 |
| Engine | Ferrari 053 | Ferrari 053 | Renault RS24 |
| Tyre | Bridgestone | Bridgestone | Michelin |
| Time | 1:24:15.757 | 1:24:29.362 | 1:24:50.430 |
| Gap | 13.605 secs | 34.673 secs |
| P | No. | Driver | Fri Prac 1 | Fri Prac 2 | Sat Prac 1 | Sat Prac 2 | Pre-qual | Qual | Race | Total | |
| 1 | 1 | Michael Schumacher Ferrari | 1:25.127 4 | 1:24.718 15 | 1:25.786 13 | 1:25.093 13 | 1:25.301 3 | 1:24.408 3 | 1:24.125 58 | 1:24.125 109 | |
| 2 | 2 | Rubens Barrichello Ferrari | 1:25.361 9 | 1:24.826 22 | 1:26.159 8 | 1:25.649 12 | 1:25.992 3 | 1:24.482 3 | 1:24.179 58 | 1:24.179 115 | |
| 3 | 3 | Juan Pablo Montoya Williams-BMW | 1:27.462 12 | 1:26.206 19 | 1:26.195 13 | 1:25.255 9 | 1:25.226 3 | 1:24.998 3 | 1:25.286 58 | 1:24.998 117 | |
| 4 | 9 | Jenson Button BAR-Honda | 1:27.867 7 | 1:25.786 15 | 1:26.995 11 | 1:26.403 14 | 1:25.898 3 | 1:24.998 3 | 1:25.982 58 | 1:24.998 111 | |
| 5 | 8 | Fernando Alonso Renault | 1:27.359 14 | 1:25.853 22 | 1:26.610 7 | 1:25.908 11 | 1:25.928 3 | 1:25.699 3 | 1:25.088 58 | 1:25.088 118 | |
| 6 | 4 | Ralf Schumacher Williams-BMW | 1:27.675 11 | 1:25.882 26 | 1:26.390 11 | 1:25.628 9 | 1:25.445 3 | 1:25.925 3 | 1:25.824 58 | 1:25.445 121 | |
| 7 | 6 | Kimi Räikkönen McLaren-Mercedes | 1:28.233 5 | 1:26.579 18 | 1:26.725 6 | 1:26.127 8 | 1:25.592 3 | 1:26.297 3 | 1:27.936 9 | 1:25.592 52 | |
| 8 | 5 | David Coulthard McLaren-Mercedes | 1:27.264 5 | 1:26.215 17 | 1:26.428 5 | 1:26.133 11 | 1:25.652 3 | 1:27.294 3 | 1:26.328 57 | 1:25.652 101 | |
| 9 | 7 | Jarno Trulli Renault | 1:27.025 10 | 1:25.757 23 | 1:26.817 14 | 1:25.927 9 | 1:27.357 3 | 1:26.290 3 | 1:26.275 57 | 1:25.757 119 | |
| 10 | 14 | Mark Webber Jaguar-Ford Cosworth | 1:28.089 6 | 1:26.312 17 | 1:26.804 5 | 1:26.066 11 | 1:26.232 3 | 1:25.805 3 | 1:25.952 29 | 1:25.805 74 | |
| 11 | 10 | Takuma Sato BAR-Honda | 1:28.874 6 | 1:26.967 15 | 1:28.438 12 | 1:27.592 9 | 1:26.737 3 | 1:25.851 3 | 1:26.077 57 | 1:25.851 105 | |
| 12 | 17 | Olivier Panis Toyota | 1:29.169 12 | 1:27.807 16 | 1:27.107 16 | 1:25.916 14 | 1:27.253 3 | No Time 0 | 1:27.807 56 | 1:25.916 117 | |
| 13 | 11 | Giancarlo Fisichella Sauber-Petronas | 1:29.120 6 | 1:26.601 27 | 1:27.744 9 | 1:27.195 12 | 1:27.469 3 | 1:27.845 3 | 1:26.282 57 | 1:26.282 117 | |
| 14 | 16 | Cristiano da Matta Toyota | 1:28.955 11 | 1:27.710 11 | 1:27.717 14 | 1:26.597 17 | 1:28.274 3 | 1:27.823 3 | 1:27.820 56 | 1:26.597 115 | |
| 15 | 12 | Felipe Massa Sauber-Petronas | No Time 1 | 1:26.969 26 | 1:28.341 15 | 1:27.172 13 | 1:26.833 3 | 1:27.065 3 | 1:26.846 44 | 1:26.833 105 | |
| 16 | 15 | Christian Klien Jaguar-Ford Cosworth | 1:30.046 7 | 1:27.724 20 | 1:28.572 7 | 1:27.088 14 | 1:27.258 3 | No Time 1 | 1:27.840 56 | 1:27.088 108 | |
| 17 | 38 | Ricardo Zonta Toyota | 1:28.118 17 | 1:27.165 25 | 1:27.165 42 | ||||||
| 18 | 18 | Nick Heidfeld Jordan-Ford Cosworth | 1:29.826 11 | 1:27.826 15 | 1:30.233 13 | 1:27.755 14 | 1:28.178 3 | 1:27.503 43 | 1:27.503 99 | ||
| 19 | 35 | Anthony Davidson BAR-Honda | 1:27.921 25 | 1:27.516 11 | 1:27.516 36 | ||||||
| 20 | 19 | Giorgio Pantano Jordan-Ford Cosworth | 1:30.100 18 | 1:30.061 18 | 1:30.057 13 | 1:28.825 12 | 1:29.156 3 | 1:30.140 3 | 1:28.523 55 | 1:28.523 122 | |
| 21 | 37 | Björn Wirdheim Jaguar-Ford Cosworth | 1:30.033 24 | 1:28.781 30 | 1:28.781 54 | ||||||
| 22 | 20 | Gianmaria Bruni Minardi-Ford Cosworth | 1:33.236 8 | 1:28.991 18 | 1:31.310 12 | 1:30.496 16 | 1:30.912 3 | No Time 0 | 1:30.161 43 | 1:28.991 100 | |
| 23 | 21 | Zsolt Baumgartner Minardi-Ford Cosworth | 1:32.886 14 | 1:29.708 9 | 1:32.295 14 | 1:31.763 13 | 1:32.606 3 | 1:30.681 3 | 1:30.621 13 | 1:29.708 69 | |
| 24 | 39 | Timo Glock Jordan-Ford Cosworth | 1:30.618 12 | 1:30.291 4 | 1:30.291 16 |