Sep.23 (GMM) Officials have denied reports there are serious moves afoot to relocate Melbourne's Australian grand prix.

With the current contract for Albert Park running until 2015, and in light of mounting taxpayer losses, it emerged this week that permanent circuits outside of Melbourne - at Calder Park or Avalon - are being considered for the event's future.

But a spokesman for the state Victorian tourism minister said: "The grand prix is staying at Albert Park."

Australian Grand Prix Corporation chairman Ron Walker added: "The government is happy to leave it (the grand prix) at Albert Park because it showcases the city."

And state premier John Brumby told reporters on Thursday: "I think it (the chance of the grand prix moving) is about as close to zero as you can get."

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