The COVID-19 pandemic has meant the 2021 Adelaide 500 has been cancelled.
The race, which was meant to be held in March, was moved to October but has now been cancelled.
“South Australia is one of the premiere event locations in the nation and globe, and we will continue to invest in a range of sporting, cultural and arts events to stimulate the visitor economy,” South Australia Tourism Commission chief executive Rodney Harrex said.
“The long-term decline in the core motorsport fan, a decision has been made that it will not be possible to hold the race next year and to not seek a contract for future years.
“At the end of the day, with the current set of circumstances we are not in a position to deliver a sustainable, successful future for the event for next year and beyond.”