Adelaide Street Circuit · 13 November 1988
Alain Prost won the 1988 Australian Grand Prix for McLaren from 2nd on the grid, 36.387s ahead of Ayrton Senna. Pierluigi Martini gained the most places, from 14th on the grid to 7th.
| Pos | Team | Points Breakdown | Pts | |
|---|---|---|---|---|
| 1 | McLaren Prost 9 + Senna 6 | Prost 9 + Senna 6 | 15 | |
| 2 | Team Lotus Piquet 4 + Nakajima 0 | Piquet 4 + Nakajima 0 | 4 | |
| 3 | Williams Patrese 3 + Mansell 0 | Patrese 3 + Mansell 0 | 3 | |
| 4 | Benetton Boutsen 2 + Nannini 0 | Boutsen 2 + Nannini 0 | 2 | |
| 5 | March Capelli 1 + Gugelmin 0 | Capelli 1 + Gugelmin 0 | 1 | |
| 6 | Minardi Martini 0 + Pérez-Sala 0 | Martini 0 + Pérez-Sala 0 | 0 | |
| 7 | Rial de Cesaris 0 | de Cesaris 0 | 0 | |
| 8 | Ligier Johansson 0 + Arnoux 0 | Johansson 0 + Arnoux 0 | 0 | |
| 9 | Lola Alliot 0 | Alliot 0 | 0 | |
| 10 | AGS Streiff 0 | Streiff 0 | 0 | |
| 11 | Zakspeed Ghinzani 0 | Ghinzani 0 | 0 | |
| 12 | Euro Brun Modena 0 + Larrauri 0 | Modena 0 + Larrauri 0 | 0 | |
| 13 | Arrows Warwick 0 + Cheever 0 | Warwick 0 + Cheever 0 | 0 | |
| 14 | Dallara Caffi 0 | Caffi 0 | 0 | |
| 15 | Ferrari Berger 0 + Alboreto 0 | Berger 0 + Alboreto 0 | 0 | |
| 16 | Tyrrell Palmer 0 | Palmer 0 | 0 |
| Pos | Driver | Team | Race time / Gap | Laps | Stops | Pts | |
|---|---|---|---|---|---|---|---|
| 1 | Alain Prost McLaren | McLaren | 1:53:14.676 | 82 | — | 9 | |
| 2 | Ayrton Senna McLaren | McLaren | +36.387s | 82 | — | 6 | |
| 3 | Nelson Piquet Team Lotus | Team Lotus | +47.546s | 82 | — | 4 | |
| 4 | Riccardo Patrese Williams | Williams | +1:20.088 | 82 | — | 3 | |
| 5 | Thierry Boutsen Benetton | Benetton | +1 Lap | 81 | — | 2 | |
| 6 | Ivan Capelli March | March | +1 Lap | 81 | — | 1 | |
| 7 | Pierluigi Martini Minardi | Minardi | +2 Laps | 80 | — | — | |
| 8 | Andrea de Cesaris Rial | Rial | DNF Out of fuel | 77 | — | — | |
| 9 | Stefan Johansson Ligier | Ligier | DNF Out of fuel | 76 | — | — | |
| 10 | Philippe Alliot Lola | Lola | DNF Out of fuel | 75 | — | — | |
| 11 | Philippe Streiff AGS | AGS | DNF Electrical | 73 | — | — | |
| DNF | Piercarlo Ghinzani Zakspeed | Zakspeed | DNF Fuel system | 69 | — | — | |
| DNF | Nigel Mansell Williams | Williams | DNF Spun off | 65 | — | — | |
| DNF | Alessandro Nannini Benetton | Benetton | DNF Spun off | 63 | — | — | |
| DNF | Stefano Modena Euro Brun | Euro Brun | DNF Halfshaft | 63 | — | — | |
| DNF | Derek Warwick Arrows | Arrows | DNF Engine | 52 | — | — | |
| DNF | Eddie Cheever Arrows | Arrows | DNF Engine | 51 | — | — | |
| DNF | Maurício Gugelmin March | March | DNF Collision | 46 | — | — | |
| DNF | Satoru Nakajima Team Lotus | Team Lotus | DNF Collision | 45 | — | — | |
| DNF | Luis Pérez-Sala Minardi | Minardi | DNF Engine | 41 | — | — | |
| DNF | Alex Caffi Dallara | Dallara | DNF Clutch | 32 | — | — | |
| DNF | Gerhard Berger Ferrari | Ferrari | DNF Collision | 25 | — | — | |
| DNF | René Arnoux Ligier | Ligier | DNF Collision | 24 | — | — | |
| DNF | Jonathan Palmer Tyrrell | Tyrrell | DNF Transmission | 16 | — | — | |
| DNF | Oscar Larrauri Euro Brun | Euro Brun | DNF Halfshaft | 12 | — | — | |
| DNF | Michele Alboreto Ferrari | Ferrari | DNF Collision | 0 | — | — |