Ferrari have lost their appeal to the FIA over a time penalty handed to Carlos Sainz at the Australian Grand Prix.

Sainz was punished following a collision with Fernando Alonso during the race on April 2.

He was demoted from fourth to 12th place after making contact with Alonso's Aston Martin in a chaotic penultimate-lap standing restart.

There were another two crashes prior to a red flag being waved for a third time in Melbourne, where Red Bull's Max Verstappen triumphed.

Ferrari appealed the decision, but on Tuesday it was confirmed the Italian team had been unsuccessful.

"There is no significant and relevant new element that was unavailable to the parties seeking the review at the time of the decision concerned. The Petition is therefore dismissed," an FIA statement read after a hearing on Tuesday.

"We considered the fact that this collision took place at the first corner on the first lap of the restart, when, by convention, the stewards would typically take a more lenient view of incidents.

"However, we decided that notwithstanding that it was the equivalent of a first lap incident, we considered that there was sufficient gap for SAI to take steps to avoid the collision and failed to do so. We therefore imposed a five-second time penalty."

Ferrari said they were "naturally disappointed" with the decision, adding they felt "that we had provided sufficient significant new elements for the FIA to re-examine the decision especially in the context of the particular conditions and multiple incidents that occurred during the final restart."

Their statement concluded: "We are however respectful of the process and of the FIA decision. We are now looking forward to entering broader discussions with the FIA, Formula One, and all the teams, with the aim of further improving the policing of our sport, in order to ensure the highest level of fairness and consistency that our sport deserves.