Australian Formula 3 has been the name applied to two distinctly different motor racing categories, separated by over twenty years. The Australian Formula 3 Championship is the current series for Australian Formula 3, a motor racing championship for FIA Formula Three racing cars. Growing out of Australian Formula 2 racing into a series for the first time in 1999, it has grown into the premier Australian Open wheel motor racing category. The Australian Drivers' Championship is the premier series run under at Shannons Nationals Motor Racing Championships events and is the oldest motor racing championship in Australia, and one of the oldest awards after the Australian Grand Prix and the intermittently awarded Australian Tourist Trophy.