It utilised a high speed rectangle of local closed-off public roads with four similar right hand corners.

[3] A new 3.312 mi (5.330 km) triangular circuit utilising the pit straight from the original rectangular course was subsequently mapped out and first used for the Australian Race Drivers' Cup on 5 November 1935.

[6] Significant events staged at the Phillip Island road circuit included: In 1951, a group of six local businessmen decided to build a new track.

The circuit reopened in October 1967[7] and hosted the Phillip Island 500 endurance race, a round of the Australian Manufacturers' Championship, from 1971 to 1977.

The circuit was refurbished with a reduced length of 4.448 km (2.764 mi) and was reopened on 4 December 1988 for the final round of the 1988 Swann Insurance International Series for motorcycles.

[8] In 1989, the Australian Motorcycle Grand Prix joined the FIM Road Racing World Championship calendar for the first time, and was held at Phillip Island.

The Australian Motorcycle Grand Prix would remain at Eastern Creek until it returned permanently to Phillip Island from 1997 onwards.

At the time the fastest Australian cars that raced at Phillip Island were the 3.8 Litre V6 powered Formula Holdens which were approximately 10 seconds per lap slower.

[15] In late October 2018 Mathew Radisich drove his 2011 ex-Conquest Racing IndyCar during testing at Phillip Island as a part of unofficial practice day,[16] with images distributed online of his recorded Cosworth data showing a lap time of 1:17.005.