The three-day test is being attended by the majority of teams and riders - with the notable exceptions of Fiat Yamaha and Repsol Honda's Dani Pedrosa (injured).
Heavy morning rain reduced the number of Thursday laps but the track dried fully during the afternoon, when world champion Casey Stoner lowered his best time yet again on race tyres.
Kawasaki's John Hopkins required a trip to hospital to have a groin injury examined after falling in the wet.
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1.
Casey Stoner AUS Ducati Marlboro Team (B)
1min 29.938 secs2.
Alex de Angelis RSM Honda Gresini (B)
1min 30.449 secs3.
Andrea Dovizioso ITA JiR Team Scot (M)
1min 31.074 secs4.
Shinya Nakano JPN Honda Gresini (B)
1min 31.316 secs5.
Nicky Hayden USA Repsol Honda Team (M)
1min 31.373 secs6.
James Toseland GBR Yamaha Tech 3 (M)
1min 31.451 secs7.
Marco Melandri ITA Ducati Marlboro Team (B)
1min 31.478 secs8.
Loris Capirossi ITA Rizla Suzuki MotoGP (B)
1min 31.545 secs9.
Randy de Puniet FRA Honda LCR (M)
1min 31.575 secs10.
Colin Edwards USA Yamaha Tech 3 (M)
1min 31.593 secs11.
Chris Vermeulen AUS Rizla Suzuki MotoGP (B)
1min 31.774 secs12.
Anthony West AUS Kawasaki Racing Team (B)
1min 32.242 secs13.
Toni Elias SPA Alice Team (B)
1min 32.246 secs14.
Sylvain Guintoli FRA Alice Team (B)
1min 32.431 secs15.
John Hopkins USA Kawasaki Racing Team (B)
1min 42.130 secsFastest day one times:Colin Edwards USA Yamaha Tech 3 (M)
1min 29.566secs (Qualifying tyres)
Casey Stoner AUS Ducati Marlboro (B)
1min 30.178secs (Race tyres)
2007 Australian Grand Prix:Pole position: Dani Pedrosa SPA Repsol Honda (M)
1min 29.201secsFastest lap by manufacturer:Yamaha: Valentino Rossi ITA Fiat Yamaha (M)
1min 30.801secsHonda: Marco Melandri ITA Honda Gresini (B)
1min 30.806secsDucati: Casey Stoner AUS Ducati Marlboro (B)
1min 30.871secsKawasaki: Randy de Puniet FRA Kawasaki Racing (B)
1min 31.572secsSuzuki: John Hopkins USA Rizla Suzuki (B)
1min 31.719secsKR212V: Kurtis Roberts USA Team Roberts (M)
1min 33.594secs