The Queensland 500 was launched by the V8 Supercars category in 1999 to replace the Sandown 500 as the two-driver endurance event in the build-up to the Bathurst 1000.

In 1999 and 2000, Queensland Raceway hosted both the endurance event and a sprint round of the championship.

However, soon after, a red flag was waved, and as per the regulations the results were finalised as the standings on the second to last completed lap, meaning Radisich, driving with Steven Johnson, was still credited with the race win despite being beached in the gravel trap.

[1] 2002 saw a surprise victory in the form of David Besnard and Simon Wills, the only round win of both of their championship careers.

The pair had only taken the lead on the penultimate lap when Greg Murphy ran low on fuel.