RACQ
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OVERALL |
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Owned |
AUS |
Rating |
N/A |
Motor club and financial services
Established in 1905. Merged with QT Mutual Bank in 2016. Operates mainly in Queensland, with 1.7 million members. Services include roadside assistance, insurance, banking and travel services.
Royal Automobile Club of Queensland Ltd | AUS | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Royal Automobile Club of Queensland Ltd | ||||
Banks play a critical role in enabling and sustaining fossil fuel projects. This bank has no current record of funding fossil fuels and has provided a position statement: "QTMB does not directly invest any funds in supporting the exploration and distribution of fossil fuels."
Source: Market Forces (2016)
This company is a member of the Customer Owned Banking Association. Unlike banks, profits are not paid to external shareholders, but put back into better products and services for customers and their local communities.
Source: COBA (2018) |
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022) |
Company Details
Type | Mutual company |
Revenue | 1 billion AUD (2017) |
Employees | 2,200 (2017) |
Contact Details
Address | 2649 Logan Rd, Eight Mile Plains, QLD, 4113, Australia |
Phone | 13 1905 |
Website | www.racq.com.au |