Victorian premier Daniel Andrews revealed on Saturday that Melbourne will remain the host of the Australian Grand Prix until at least 2023.
Andrews posted a video on his Facebook page, officially announcing that the Grand Prix was to stay in the Victorian city and not move to Sydney.
The New South Wales Premier, Mike Baird, had announced in his electoral campaign that if he were elected he would bring the Grand Prix to Sydney.
In a response to Baird, Andrews said: "I'm sorry Mike [Baird], but the Australian Formula One Grand Prix is here to stay exactly where it belongs, in the great city of Melbourne.
"The good news is that you and tens of thousands of others from New South Wales and right across Australia, and indeed right across the world, are more than welcome to come to Melbourne to be part of the great race.
"In fact I'll even shout you a ticket."
Melbourne had previously announced that it had a contract until the 2020 season.