Royal Automobile Club of Victoria

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Royal Automobile Club of Victoria Limited


Motto We're there for you
Formation 1903
Type Roadside assistance, Vehicle inspection, Travel advisory, Insurance
Location Flag of Australia Victoria, Australia
President Clive Hall
Key people Colin Jordan, Managing Director and CEO
Website www.racv.com.au

The Royal Automobile Club of Victoria (RACV) is a motoring club and mutual organisation, providing services such as roadside assistance, vehicle, home and contents insurance, personal and car loans, driving instruction, tourism services, home security products, as well as a lifestyle club known as RACV Club.

Contents

[edit] History

The Royal Automobile Club of Victoria was founded in 1903, and it held its first car rally at Aspendale Park Racecourse in 1904[1].

Today RACV is one of Australia's most active members of the Australian Automobile Association which has member organisations in each state and territory of Australia.

RACV was a founder of insurance brand AAMI (now owned by Suncorp-Metway), and both companies are now major competitors in the insurance market in Victoria with RACV's business venture with rival Insurance Australia Group.

[edit] Services

  • 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 and Travel – maps and tickets to venues
  • Shops – a network of retail outlets to deliver RACV products and other merchandise

[edit] Roadside service

RACV provides a roadside service across Victoria to the approximately 1.4 million members and to its interstate and international affiliates.

[edit] Motorist advocacy

RACV conducts advocacy activities, campaigning on behalf its members and the general public on issues such as roading, and vehicle standards and safety.

[edit] Lifestyle club

The RACV Club is the RAVC's lifestyle club offering social, recreational and business facilities, with locations in Melbourne's CBD, Healesville, Cobram and the recently announced purchase of the Cape Schanck Resort on the Mornington Peninsula. The organisation has also recently completed building a resort in Inverloch.

[edit] Corporate

RACV Headquarters on Bourke Street, Melbourne
RACV Headquarters on Bourke Street, Melbourne

The club's head office is located in the CBD of Melbourne, with its main administrative office in the south-eastern suburb of Noble Park.

The organisation is headed by a board of directors 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 have purchased emergency roadside assistance and number approximately 1.3 million but can only vote for specific directors and consequently have less representation at a board level. A third large group of non-voting members were created in 2006 when customers with renewable products such as insurance were offered 'membership'.[2]

[edit] Subsidiaries and investments

  • Club Assist – 25%
  • Intelematics – 100%
  • Insurance Manaufacturers of Australia – 30% with Insurance Australia Group

[edit] References

 This article needs additional citations for verification.
Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (December 2006)
  1. ^ Land and Environment: Aspendale Park Racecourse
  2. ^ 'RACV Makes Your MembershipCount', RoyalAuto December 2006, Melbourne, Australia, retrieved July 12, 2007.

[edit] External links