New earthquake risk maps, based on the Cornell‐McGuire methodology, have been prepared for the Australian continent and continental margins. The risk is depicted as contours of peak ground velocity, acceleration and ground intensity with a 10% probability of being exceeded in 50 years. The earthquake process was assumed to be Poissonian and consequently foreshocks and aftershocks were eliminated. The estimated maximum earthquake magnitude likely to be expected in each zone was assumed to be half a magnitude unit greater than the largest recorded Richter magnitude for that zone. For areas outside the defined source zones, normalized background seismicity levels were used in the risk estimates.