[2][3] The RACP is also responsible for the ongoing education of Fellows of the College through its continuing professional development (CPD) programme.

[4] Until the 1930s, Australian and New Zealand Physicians had to seek membership of one of the United Kingdom Colleges in London, Glasgow, Ireland or Edinburgh.

[citation needed] In 1934, the Association of Physicians of Australasia Council decided that an examining and executive body College should be formed to enhance the prestige of the profession, stimulate interest in medical education and research, and set a standard of professional ethical conduct.

[citation needed] In 1937, the Association purchased premises at 145 Macquarie Street, Sydney, which had originally been the home of the Fairfax family.

[citation needed] In May 1973 a green ban was placed by the NSW Builders Labourers Federation on the Royal Australasian College of Physicians building in Macquarie Street, Sydney.

[10] The qualification of "Fellow of the Royal Australasian College of Physicians", abbreviated as the post-nominal initials FRACP, is a recognition of the completion of the prescribed postgraduate specialist training programme in internal adult or internal paediatric medicine of the Royal Australasian College of Physicians.