The regulations specified a single-seat, open-wheeled chassis with a flat bottom, thus excluding any ground effects designs. Engines had to be 1.6-litre four-cylinder units sourced from a production touring car although only the Ford Cosworth BDA engine was actually homologated for the category. 
The FIA World Cup Commission issued regulations for the staging of various zone competitions throughout the world with competitors intended to come together for a World Cup final. The Southern Pacific Zone series was staged in New Zealand and Australia in early 1983 and was won by Australian Charlie O’Brien and the Formula Mondial North American Cup series was won by American Michael Andretti. However the World Cup finals series, which was to have been contested over four races in Quebec, Canada in September 1983 was cancelled the month before it was due to be run.
Although embraced at a national level by Australia and New Zealand, Formula Mondial was not taken up as expected in the South East Asia region, where Formula Two was adopted or by the United Kingdom, which favoured Formula Three. It was abandoned in the United States and Canada and ceased to be an International Formula from the end of 1984.
- The Macquarie Dictionary of Motoring, 1986, page 171
- Australian Motor Racing Yearbook, 1982/83, page 11
- CAMS Manual of Motor Sport 1985, page 262
- CAMS Manual of Motor Sport 1986, page 264
- Australian Motor Racing Yearbook, 1983/84, page 233
- 1983 FIA Formula Mondial North American Cup Retrieved from www.champcarstats.com on 19 February 2010
- CAMS Manual of Motor Sport 1983, page 273
- The Official 50-race history of the Australian Grand Prix, 1986, page 466
- The Official 50-race history of the Australian Grand Prix, 1986, page 478
- Australian Motor Racing Yearbook, 1984/85, page 203