The 1970 Australian Formula 2 Championship was a CAMS sanctioned motor racing title for drivers of racing cars complying with Australian Formula 2 regulations. The title, which was the fourth Australian Formula 2 Championship, was decided over a single 40 lap, 60 mile (96 km) race, staged at the Lakeside circuit in Queensland, Australia on 27 September 1970. There were only seven starters in the event.