The Australian Motor Sport Foundation was established in 2001 by the Confederation of Australian Motor Sport Ltd., the governing body of motor sport in Australia.

The aim of the AMSF is to help talented young Australian drivers reach the pinnacle of motor sport, in particular the FIA Formula 1TM World Championship or the FIA World Rally Championship.

Recently, the AMSF developed its inaugural strategic plan, and whilst the core goal continues to be about supporting young drivers, the Foundation has broadened its focus. No longer simply a means by which funds are handed out to drivers, the Foundation will become actively involved in the development and management of those elite drivers.

The Foundation will also support a number of other important sporting and community initiatives.

The Confederation of Australian Motor Sport Limited (CAMS) has been the custodian of motor sport in Australia since 1953.

CAMS is the National Sporting Authority (ASN) for motor sport in Australia, delegated this responsibility by the Federation Internationale de'l Automobile (FIA) in 1970.

The FIA aims to ensure that motor sport is conducted in accordance with the highest standards of safety, fairness and and social responsibility and CAMS, together with in excess of 120 other ASNs in over 100 nations, are committed to carrying out the mission of the FIA.