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| Date | Sunday 13 November 1988 |
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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 1988
#468 (of all time) |
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| Laps | 82 |
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| Circuit Perimeter | 3780 m |
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| Race Distance | 3780 × 82 = 309.960 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 | Cloudy, Hot, Dry |
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| Entries | 31 |
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| Qualifiers | 26 |
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| Finishers | 11 |
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| Debutants | Pierre-Henri Raphanel (Driver) |
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| Milestones | Agip – 1000th Race Entry (Lubricant Manufacturer)
Larrousse Calmels – 50th Race Entry (Entrant)
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| Records Broken |
1. Most Constructors' Championship Points Scores in a Season –  McLaren (27),
2. Most Drivers' Championship Points Scores in a Season – McLaren (27),
3. Most Drivers' Championship Points Scores in a Season –  Alain Prost (14),
4. Most Constructors' Championship Points Scores in a Season – Alain Prost (14),
5. Most 2nd Place Finishes in a Season – McLaren (10),
6. Most 26th Place Qualifications –  Piercarlo Ghinzani (8),
7. Most 2nd Place Qualifications in a Season – McLaren (12)
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| Records Extended |
1. Most Retirements – Lotus (494),
2. Most Podium Finishes – Alain Prost (69),
3. Most Drivers' Championship Points Scores – Alain Prost (83),
4. Most Constructors' Championship Points Scores – Alain Prost (83),
5. Most Race Wins – Alain Prost (35),
6. Most Race Wins in a Season – McLaren (15),
7. Most Races Led – Ferrari (237),
8. Most Races Led – Alain Prost (55),
9. Most Laps Led – Ferrari (6528),
10. Most Race Entries – Lotus (1140),
11. Most 2nd Place Qualifications – Alain Prost (33),
12. Most 4th Place Qualifications – Ferrari (107),
13. Most 13th Place Qualifications – Lotus (56),
14. Most Poles in a Season – McLaren (15),
15. Most Poles in a Season –  Ayrton Senna (13),
16. Most 2nd Place Qualifications in a Season – Alain Prost (10),
17. Most 4th Place Qualifications in a Season – Ferrari (9)
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