Former deputy premier and Gold Coast Indy chairman Terry Mackenroth said the Surfers event would always be held in October.
He said he was confident the full complement of drivers and teams would contest this year's event.
"It will be part of a series. We are yet to negotiate what the makeup of that is. But it won't be an exhibition race," he told reporters in Brisbane.
A decision on the standing of the Gold Coast race will be made in the next month, Mr. Mackenroth said.
Queensland Sports Minister Judy Spence said the government would not spend more than the $11 million it has in previous years on the event under the new contract.
The confirmation of the race's future will help secure a new naming rights sponsor, following Lexmark's decision not to renew its deal last year, Gold Coast Indy general manager Greg Hooton said.