The 1994 Australian FAI Indycar Grand Prix was the opening round of the 1994 CART World Series season, held on 20 March 1994 on the Surfers Paradise Street Circuit, Australia. Nigel Mansell, the defending winner and CART series champion, won the pole position in Newman-Haas's new Lola T94/00. Alongside on the grid was Michael Andretti, who was beginning his comeback to the CART series with Chip Ganassi Racing after spending a year in Formula One. Starting in eighth position was future CART and Formula One champion Jacques Villeneuve, making his first start in the CART series. It was also the Indy car debut of the Reynard chassis and the Honda engine.