In 2009 as part of the Q150 celebrations, the Gold Coast Indy 300 was announced as one of the Q150 Icons of Queensland for its role as an "event and festival".

From 1991 to 1997, the Gold Coast Grand Prix was typically held in March, and several times served as the CART season opener.

It created an undesirable scheduling conflict which eventually saw the Gold Coast Indy move permanently to October, starting in 1998.

In the 2002 event there was a frightening incident when a nine-car pile-up occurred at the start in very wet conditions, however no significant injuries were sustained.

On 5 March 2008, it was announced that the IndyCar Series would travel to Australia for the first time, but due to contractual issues the race would not count towards the 2008 championship and would be a stand-alone demonstration event, in light of the recent merger between Champ Car and the IRL.

[8] However, on 17 October 2009, A1GP Chairman Tony Teixeira announced that the United Kingdom operating arm of the series went into liquidation in June, with access to the A1GP cars and their ability to pay its suppliers having been impeded.

A1GP refunded Gold Coast Motor Events Co. the sanction fee paid, and donated A$50,000 to a charity designated by the board.

[10] This event continues to the current day, albeit on a shorter 2.96 km version of the original Surfers Paradise circuit.

The original longer circuit has also now been rendered unusable by the G:link light rail network, which now extends along Surfers Paradise Boulevard beyond the existing second chicane.