Saturday features a fifteen-minute qualifying session which decides the grid positions, succeeded by a top ten shootout for the following 250 kilometre race.

A fifteen-minute qualifying session is held on Sunday, succeeded by a top ten shootout, the combined results of which decide the grid for the following 250 km race.

[4] The event was announced in late 2007, following the allocation of funding from both the federal and the Queensland state government.

In 2012, Formula One world champion Jacques Villeneuve commenced a three-event substitution for an injured Greg Murphy with a best finish of 24th.

2019 saw the first wet race in the event's history on the Sunday, beginning with Scott McLaughlin and David Reynolds clashing on Lap 1 which led to tensions between the drivers and teams involved extending for over a year.

[20] 1 Brodie Kostecki 9 Jack Le Brocq 2 Ryan Wood 25 Chaz Mostert 3 Aaron Love 7 James Courtney 4 Cameron Hill 10 Nick Percat 6 Cam Waters 55 Thomas Randle 8 Andre Heimgartner 14 Bryce Fullwood 12 Jaxon Evans 96 Macauley Jones 11 Anton de Pasquale 17 Will Davison 18 Mark Winterbottom 20 David Reynolds 19 Matthew Payne 26 Richie Stanaway 23 Tim Slade 31 James Golding 87 Will Brown 88 Broc Feeney