The Club has been established since 1979, and its purpose is to allow Canberra people to undertake coastal and offshore cruising, and to compete in the occasional ocean race.

In February 2004, the Club purchased a new Bavaria 44, "Namadgi". The yacht is berthed at Church Point, on Sydney's picturesque Pittwater.

Membership in the Club is especially suited to those without the time or funds to maintain a yacht on their own, and is an ideal way for sailors to gain practical experience before acquiring their own boat. The number of members is limited to 26.