Rob Slocombe

The Royal Automobile Club of WA today announced that current group chief executive Terry Agnew will step down in March 2019 after 20 years in the role.

As editor of Business News, I’m delighted to introduce a new feature that highlights the best of Western Australia. Great for the State is a 12-page lift-out that will be published each month over the course of 2019.

Health policy debate featured heavily in the recent Federal Election, but one area that has a dramatic impact on community wellbeing, yet often goes under the radar, is mobility.

By 2030, more than 50 per cent of revenue generated by the mobility industry is likely to be disrupted.

Our partnership with the RAC Rescue Helicopters[1], which have now flown more than 7,000 life-saving missions, is a key part of RAC’s commitment to supporting road safety in WA. RAC Rescue serves a critical role within our State’s emergency response network.

Recently 800 residents from across the metropolitan area took part in RAC’s Urban Planning and Connected Communities survey, exploring how planning influences our daily lives.

BetterLabs Ventures, RAC’s early stage seed fund, has become WA’s largest venture capital fund with the announcement last night it had expanded to $23 million.

The 2019 StartupWA Ecosystem Report noted substantial growth in the WA start-up scene over recent years, increasing from only a handful of start-ups a decade ago, to more than 130 today.

Around the world we’ve witnessed how during COVID-19 lockdowns, with fewer cars on the road, air quality in cities has improved. This is one of the important learnings from such a difficult period in our lives. 

Each year, the cars we drive are becoming increasingly automated.

RAC expects to start investing in other states as it looks to add more businesses to its already diverse portfolio.

RAC has reported a sharp fall in its annual profit after strong growth in its core operations was offset by investment writedowns and an unexpected spike in insurance claims.

Not for profits are grappling with remuneration for their directors, with one major group scaling back its payments.

RAC Group ended the financial year with a $46 million profit, significantly up from the $7.97 million recorded in the previous reporting period.

WA insurer RAC has unveiled its $70 million plan to transform Coral Bay’s Ningaloo Reef Resort in what it describes as one of the most significant tourism projects in the state’s history.

Naming rights for the state’s three emergency rescue helicopters have gone to tender in a $3.75 million move which could see the deal change hands for the first time in two decades.

RAC has reported a bumper $105 million profit for the 2023/24 financial year, more than doubling its profit from the previous year.

The possibility of RAC’s lucrative insurance business being sold has moved closer after industry heavyweights IAG and Allianz brought in advisers to help them pitch a deal.