Pada akhir sesi yang berlangsung di bawah terik sinar matahari tersebut, Lorenzo sempat terjatuh cukup keras di tikungan 4 Hairpin. Pebalap Yamaha Tech3, Pol Espargaro, juga terjatuh di tempat yang sama.
Sementara itu, pebalap Ducati, Andrea Dovizioso, dan pebalap Pramac Racing, Andrea Iannone, terjatuh di tikungan MG, setelah Lukey Heights.
Meski sempat terjatuh, Lorenzo tetap tercatat sebagai yang tercepat, 0,150 detik lebih cepat dari juara dunia Marc Marquez. Iannone berhasil mengunci posisi tercepat ketiga, dan Dovizioso keempat.
Akhir pekan ini, Bridgestone khusus memperkenalkan ban depan asimetris baru, selain ban standar yang biasa dipakai, untuk meningkatkan keselamatan pebalap. Tahun lalu, banyak insiden terjadi karena ban yang disiapkan Bridgstone gagal beradaptasi dengan aspal Phillip Island yang baru dipasang.
Hasil Sesi Latihan Bebas Kedua GP Australia, Jumat (17/10/2014):
1. Jorge Lorenzo ESP Movistar Yamaha MotoGP (YZR-M1) 1m 29.602s [Lap 4/14] 332km/h (Top Speed)
2. Marc Marquez ESP Repsol Honda Team (RC213V) 1m 29.752s +0.150s [4/19] 335km/h
3. Andrea Iannone ITA Pramac Racing (Desmosedici) 1m 29.803s +0.201s [3/15] 341km/h
4. Andrea Dovizioso ITA Ducati Team (Desmosedici) 1m 29.945s +0.343s [18/19] 339km/h
5. Valentino Rossi ITA Movistar Yamaha MotoGP (YZR-M1) 1m 29.954s +0.352s [20/20] 333km/h
6. Aleix Espargaro ESP NGM Forward Racing (Forward Yamaha) 1m 30.058s +0.456s [18/20] 330km/h
7. Cal Crutchlow GBR Ducati Team (Desmosedici) 1m 30.076s +0.474s [17/19] 339km/h
8. Pol Espargaro ESP Monster Yamaha Tech 3 (YZR-M1)* 1m 30.103s +0.501s [20/20] 338km/h
9. Yonny Hernandez COL Pramac Racing (Desmosedici) 1m 30.281s +0.679s [15/19] 337km/h
10. Dani Pedrosa ESP Repsol Honda Team (RC213V) 1m 30.289s +0.687s [16/23] 328km/h
11. Bradley Smith GBR Monster Yamaha Tech 3 (YZR-M1) 1m 30.313s +0.711s [15/23] 337km/h
12. Stefan Bradl GER LCR Honda MotoGP (RC213V) 1m 30.678s +1.076s [14/23] 335km/h
13. Nicky Hayden USA Drive M7 Aspar (RCV1000R) 1m 31.043s +1.441s [21/21] 323km/h
14. Alex De Angelis RSM NGM Forward Racing (Forward Yamaha) 1m 31.108s +1.506s [18/19] 333km/h
15. Alvaro Bautista ESP Go&Fun Honda Gresini (RC213V) 1m 31.137s +1.535s [22/22] 334km/h
16. Karel Abraham CZE Cardion AB Motoracing (RCV1000R) 1m 31.219s +1.617s [16/18] 326km/h
17. Hiroshi Aoyama JPN Drive M7 Aspar (RCV1000R) 1m 31.264s +1.662s [18/21] 325km/h
18. Hector Barbera ESP Avintia Racing (Desmosedici) 1m 31.355s +1.753s [4/16] 331km/h
19. Scott Redding GBR Go&Fun Honda Gresini (RCV1000R)* 1m 31.550s +1.948s [16/18] 321km/h
20. Danilo Petrucci ITA IodaRacing Project (ART) 1m 31.916s +2.314s [15/21] 321km/h
21. Broc Parkes AUS Paul Bird Motorsport (PBM-ART)* 1m 32.506s +2.904s [13/14] 315km/h
22. Mike Di Meglio FRA Avintia Racing (Avintia)* 1m 32.598s +2.996s [14/18] 318km/h
23. Michael Laverty GBR Paul Bird Motorsport (PBM-ART) 1m 32.843s +3.241s [9/17] 319km/h
Fastest morning time:
Aleix Espargaro SPA Forward Yamaha 1m 29.749s
Official Phillip Island MotoGP records:
Best lap:
Jorge Lorenzo SPA Yamaha 1m 27.899s (2013)
Fastest race lap:
Marc Marquez SPA Honda 1m 28.108s (2013)