Michael Schumacher won the Australian Grand Prix 2001 at Albert Park Grand Prix Circuit on 4 March 2001, starting from pole position. David Coulthard finished second for McLaren, with Rubens Barrichello completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Michael SchumacherMSC | Ferrari | 58 | 1:38:26.533 | 10 | |
| 2 | 6 | David CoulthardCOU | McLaren | 58 | +1.717 | 6 | |
| 3 | 2 | Rubens BarrichelloBAR | Ferrari | 58 | +33.491 | 4 | |
| 4 | 10 | Nick HeidfeldHEI | Sauber | 58 | +1:11.479 | 3 | |
| 5 | 4 | Heinz-Harald FrentzenFRE | Jordan | 58 | +1:12.807 | 2 | |
| 6 | 13 | Kimi RäikkönenRAI | Sauber | 58 | +1:24.143 | 1 | |
| 7 | 9 | Olivier PanisPAN | BAR | 58 | +1:27.050 | 0 | |
| 8 | 21 | Luciano BurtiBUR | Jaguar | 57 | +1 Lap | 0 | |
| 9 | 14 | Jean AlesiALE | Prost | 57 | +1 Lap | 0 | |
| 10 | 15 | Jos VerstappenVER | Arrows | 57 | +1 Lap | 0 | |
| 11 | 12 | Eddie IrvineIRV | Jaguar | 57 | +1 Lap | 0 | |
| 12 | 19 | Fernando AlonsoALO | Minardi | 56 | +2 Laps | 0 | |
| 13 | 17 | Giancarlo FisichellaFIS | Benetton | 55 | +3 Laps | 0 | |
| R | 16 | Jenson ButtonBUT | Benetton | 52 | Electrical | 0 | |
| R | 11 | Juan Pablo MontoyaMON | Williams | 40 | Engine | 0 | |
| R | 7 | Jarno TrulliTRU | Jordan | 38 | Engine | 0 | |
| R | 3 | Mika HäkkinenHKK | McLaren | 25 | Suspension | 0 | |
| R | 5 | Ralf SchumacherSCH | Williams | 4 | Collision | 0 | |
| R | 8 | Jacques VilleneuveVIL | BAR | 4 | Collision | 0 | |
| R | 22 | Tarso MarquesMAR | Minardi | 3 | Battery | 0 | |
| R | 18 | Enrique BernoldiBER | Arrows | 2 | Spun off | 0 | |
| R | 20 | Gastón MazzacaneMAZ | Prost | 0 | Brakes | 0 |