It commenced on 22 March, and ended on 4 October after sixteen races.
Mario Haberfeld was the champion, while Phillip Scifleet won the Class B championship.
The season was one of two halves as Enrique Bernoldi dominated the first half of the season and compatriot Haberfeld the second; ultimately the latter would prevail thanks in part to his stronger consistency.
The following teams and drivers were competitors in the 1999 season.
Class B is for older Formula Three cars.