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| Date | Sunday 26 October 1986 |
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| Start time | 14:00 |
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| Event |  Australian GP |
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| Circuit | Adelaide |
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| Event Format | Race of 82 laps |
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| Championship | World Championship |
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| Race number | #16 of 16 in 1986
#436 (of all time) |
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| Laps | 82 |
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| Circuit Perimeter | 3779 m |
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| Race Distance | 3779 × 82 = 309.878 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Left |
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| First Corner | Left |
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| Track Direction | Clockwise |
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| Weather | Partially cloudy, Mild, Dry |
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| Entries | 26 |
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| Qualifiers | 26 |
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| Finishers | 10 |
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| Debutants | None |
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| Milestones | Car 1 – 50th Win (Car Number)
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| Records Broken |
1. Most Drivers' Championship Points Scores in a Season –  Alain Prost (13),
2. Most Constructors' Championship Points Scores in a Season – Alain Prost (13),
3. Most Fastest Laps in a Season –  Nélson Piquet (7),
4. Most 8th Place Qualifications in a Season – Ligier (6),
5. Most 25th Place Qualifications in a Season –  Piercarlo Ghinzani (5)
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| Records Extended |
1. Most Retirements –  Lotus (472),
2. Most Drivers' Championship Points Scores – Ferrari (495),
3. Most Constructors' Championship Points Scores – Ferrari (363),
4. Most Podium Finishes – Ferrari (318),
5. Most Retirements – Riccardo Patrese (88),
6. Most 3rd Place Finishes – Ferrari (101),
7. Most Retirements in a Season – Alessandro Nannini, Andrea de Cesaris, Piercarlo Ghinzani (14),
8. Most Fastest Laps in a Season – Williams (11),
9. Most Race Entries – Lotus (1076),
10. Most 9th Place Qualifications – Ferrari (52),
11. Most 14th Place Qualifications – Lotus (48),
12. Most 25th Place Qualifications – Osella (18),
13. Most 25th Place Qualifications – Piercarlo Ghinzani (8),
14. Most 26th Place Qualifications – Osella (19),
15. Most 2nd Place Qualifications in a Season – Williams (11),
16. Most 25th Place Qualifications in a Season – Osella (9),
17. Most 26th Place Qualifications in a Season – Osella (9),
18. Most 26th Place Qualifications in a Season –  Allen Berg (7)
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