Question: The 2006 Australian Grand Prix, was a Formula One motor race held at the Melbourne Grand Prix Circuit in which location situated in the City of Port Phillip, Victoria, Australia, 3 km south of the Melbourne CBD?

<P0-S0> Albert Park and Albert Park Lake are situated in the City of Port Phillip, Victoria, Australia, 3 km south of the Melbourne CBD. <SEP> <P1-S0> The Australian Grand Prix is a motor race held annually in Australia currently under contract to host Formula One until 2023. <P1-S1>  The Grand Prix is the oldest surviving motor racing competition held in Australia having been held 79 times since it was first run at Phillip Island in 1928. <P1-S2>  Since 1985, the race has been a round of the FIA Formula One World Championship and is currently held at the Melbourne Grand Prix Circuit at Albert Park in Melbourne. <P1-S3>  Prior to its inclusion in the World Championship, it was held at a multitude of venues in every state of Australia. <P1-S4>  It was a centrepiece of the Tasman Series in most years between 1964 and 1972 and was a round of the Australian Drivers' Championship on many occasions between 1957 and 1983. <P1-S5>  It became part of the Formula One World Championship in 1985 and was held at the Adelaide Street Circuit in Adelaide, South Australia, from that year to 1995, before moving to Melbourne in 1996. <P1-S6>  The winner of the race is presented with a circular plate, recently named the Jack Brabham trophy named for the three-time winner in a design based on the steering wheel of one of Brabham's racing cars and a perpetual trophy, the Lex Davison trophy, named for four-time winner and dates back to the 1960s. <SEP> <P2-S0> The 2014 Australian Grand Prix (formally known as the 2014 Formula 1 Rolex Australian Grand Prix) was a Formula One motor race that was held on 16 March 2014 in Melbourne. <P2-S1>  The race was contested over 58 laps of the Melbourne Grand Prix Circuit and was the first round of the 2014 FIA Formula One World Championship. <P2-S2>  It marked the début of new Formula One regulations which introduced 1.6 litre turbocharged V6 engines to the sport; the first such instance, since the 1988 Australian Grand Prix, that turbocharged engines have been used in Formula One. <P2-S3>  It was the seventy-ninth race in the combined history of the Australian Grand Prix—which dates back to the 100 Miles Road Race of 1928—and the nineteenth time the event was held at the Melbourne Grand Prix Circuit. <P2-S4>  The race also marked the thirtieth year that the Australian Grand Prix was run as a round of the Formula One World Championship. <SEP> <P3-S0> The 2006 Australian Grand Prix (formally the LXXI Foster's Australian Grand Prix) was a Formula One motor race held at the Melbourne Grand Prix Circuit in Albert Park, Melbourne on 2 April 2006. <P3-S1>  The 57-lap race was the 22nd Australian Grand Prix as part of the World Championship, and the 71st Australian Grand Prix overall. <P3-S2>  It was also the third round of the 2006 Formula One season; the Australian Grand Prix had been the season opener since 1996, but this race was held later due to the 2006 Commonwealth Games being held in Melbourne at the time of the opening round. <P3-S3>  The season was instead opened in Bahrain, and Australia regained its first round of the season slot for 2007.