Media Release

The below statement should be attributed to Group CEO David Carter

RACQ notes APRA’s statement.

As previously outlined, RACQ is making a significant investment in its systems and processes to deliver improved outcomes for our members, stronger risk management, simplified products, and easier processes for our people.

As part of this, the Club is accelerating its risk transformation program which is vital to support the organisation into the future.

We have engaged an independent firm that has expertise in risk management to review RACQ’s activities and identify opportunities for improvement.

This review is underway, along with the development of an action plan that will outline RACQ’s roadmap for improving its risk management approach.

This work will also be subject to approval and oversight by ASIC and APRA and will continue into FY24.

For more information on RACQ’s pricing promises review visit here