The 28-year-old stars as Wonder Woman on the cover of a special collector's edition of the Aussie glossy, and let's face it, girl looks good.
By day, Miranda Kerr is a doting mum and Victoria's Secret model, but by night... Photo: Grazia Australia
We also got our hands on a behind-the-scenes video from the shoot, in which Miss Kerr poses in nothing but said giant Australian flag.
Who wants to bet this issue will be a sell-out? We're just disappointed it's only available down under.
For more from Miranda's cover shoot, visit the Grazia Australia website.
See our top ten style moments from Miranda Kerr:
- June 2011<p> Miranda Kerr attending the ''2011 CFDA Awards'' in a cutout Michael Kors dress.</p>

- June 2011<p> Kerr arrives at Global Green's 15th Annual Millennium Awards held at the Fairmont Miramar Hotel in Santa Monica.</p>

- June 2011<p> At a launch party at the W hotel in Seoul, South Korea.</p>

- June 2011<p> Posing for photographers at a press conference in Seoul, South Korea.</p>

- May 2011<p> At the Victoria's Secret 'What is Sexy? List' party in West Hollywood.</p>

- May 2011<p> The 2011 Costume Institute Gala celebrating the opening of Alexander McQueen Savage Beauty at the Metropolitan Museum of Art in New York City.</p>

- March 2011<p> Kerr attends the 2011 Victoria's Secret SWIM Collection Party at Club L in Los Angeles.</p>

- March 2010<p> At the celebration of the '15th Anniversary of Victoria's Secret Swimsuit Catalogue' at Trousdale in West Hollywood.</p>

- March 2010<p> Kerr attends the <em>Vogue</em> party held at the Hotel de Crillon in Paris.</p>

- July 2009<p> Kerr at the 17th Annual ESPY Awards held at the Nokia Theatre downtown Los Angeles.</p>

