High Quality Content by WIKIPEDIA articles! The 1998 FAI 1000 Classic was the second running of the Australia 1000 race, first held after the organisational split over the Bathurst 1000 the previous year. It was the 41st race that traces its lineage back to the 1960 Armstrong 500 held at Phillip Island. 1998 was the 36th year in which a touring car endurance race had been held at the Mount Panorama Circuit.