The Club was established in 1979, and its purpose is to allow Canberra people to undertake coastal and offshore cruising, and to compete in the occasional ocean race. The Club has owned several racing and cruising yachts over the years.
The current yacht, a Bavaria 46 Cruiser was recently purchased, and was formally commissioned and named Namadgi 3 at a ceremony to be held on 15 July 2017, and is berthed at Church Point, Pittwater, on the northern outskirts of Sydney.
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.