The 1974 RE-PO 500K was an endurance race for Group C Touring Cars.
It was held at the Phillip Island Circuit in Victoria, Australia on 24 November 1974 over 106 laps, a race distance of 501 kilometres (311 mi).
The race, which was the fifth round of the 1974 Australian Manufacturers' Championship,[1] was the fourth annual "Phillip Island 500K".
Bond finishing a lap ahead of the Ford Falcon (XB) of Murray Carter.
Brothers Rod and Russ McRae finished three laps behind Bond in a Holden Torana to take third.