Royal Automobile Club of Victoria
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The RACV or Royal Automobile Club of Victoria was founded in 1903 as a mutual organisation dedicated to the use and enjoyment of motor vehicles by Victorians.
In 1904, it held it's first car rally at Aspendale Park [1].
It remains today a mutual organisation providing services such as car insurance, personal and car loans, home insurance, driving instruction, tourism products and services, security solutions and roadside assistance as well as a lifestyle club, known as RACV Club, with locations in Melbourne's CBD, Healesville, Cobram and the recently announced purchase of the Cape Schanck Resort on the Mornington Peninsula. The organisation is also building a resort at Inverloch, Victoria.
RACV provides roadside service across Victoria to the approximately 1.4 million members and to its inter-state and international affiliates.
The organisation's head office is located in the CBD of Melbourne, Australia with its main administrative office in the south-eastern suburb of Noble Park.
The organisation is headed by a board elected by two different classes of members, Club members who number approximately 20,000 and who can vote for all of the board members, and roadside service members who number approximately 1.3 million but can only vote for specific directors and consequently have less representation at a board level.
RACV also conducts advocacy activities campaigning on behalf its members and the general public on issues such as roading, and vehicle standards and safety.
RACV is one of Australia's most active members of AAA, the Australian Automobile Association which has member organisations in each state and territory of Australia. Other members include the National Roads and Motoring Association in New South Wales, RACWA in Western Australia, RACT in Tasmania, RAANT in the Northern Territory and RAA in South Australia
RACV was a founder of AAMI (now owned by Promina Group Limited), and both companies are now major competitors in the insurance market in Victoria.
[edit] RACV business
- Roadside assistance - breakdown assistance and other motoring products
- Driver Training
- Finance - car and personal loans
- Insurance - home, car, motorcycle and business insurance
- Home Security - home security systems
- Tourism & Travel - maps and tickets to venues
- Shops - a network of retail outlets to deliver RACV products and other merchandise
[edit] Subsidiaries and investments
- Club Assist
- Intelematics - 100%
- Insurance Manaufacturers of Australia - 30%
