Richards finished second to Skaife in the 1992 ATCC, before the pair then won their second straight Bathurst 1000 in a crash-shortened race which saw Richards crash the GT-R in a downpour on lap 145. However, as there had been a separate crash on that same lap (which Richards later became a part of while trying to drive back to the pits), the red flag was shown and the race was declared. As the rules state that the results would be from the previous lap, this saw a surprised Richards and Skaife declared race winners. On a personal note, the 1992 Tooheys 1000 was also a sad occasion for Richards when his longtime friend and former JPS BMW teammate, 1967 F1 World Champion Denny Hulme died at the wheel of his BMW M3 on lap 32 after suffering a heart attack.