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For the first time in over a decade Australia has a team in the competition for the world's oldest sporting trophy.

Australia has a history with the America's Cup after they won the prestigious trophy in 1983. They have also challenged for the Cup on seven previous occasions and sought to challenge another three.

Australia has also been one of the leading nations providing sailors and technical staff to America's Cup teams worldwide.

The 34th America's Cup promises to be the most exciting and challenging yet. Changes to the racing format require all teams to enter multihull vessels. Ingenuity and innovation will give birth to breathtaking 22 metre catamarans powered by 40 metre rigid wings; creating a level playing field and the wind powered Formula One of the sea.

The Australian Team is progressing with intensive work on all fronts: Crew selection is taking place, the technical programme is underway and the formal structure, including legacy provisions, is being cemented in collaboration with Deloitte.

The team has an open door policy aiming to unite all Australians behind a worthwhile goal.

Further announcements including the name of the challenging Australian yacht club and key appointments will be released shortly.

For more information, visit http://ausac34.com.au/