In 1980 a number of Australian companies with interests in Thailand formed the Thai-Australia Chamber of Commerce and Industry (TACCI) as a private sector initiative to develop connections and to promote Australian business in Thailand.
At a time when Australian business generally was showing little interest in Thailand, TACCI had a considerable impact in Thailand developing networks at the top of Thai business and government.
In 1987, TACCI evolved into the Australia Thailand Business Council (ATBC) as part of a move sponsored by the Australian Government to form bilateral councils between Australian and ASEAN countries under the umbrella of the ASEAN-Australia Business Council.
A significant difference between TACCI and ATBC has been the bilateral Australian Section and Thai Section composition of the ATBC compared with the unilateral structure of TACCI. The formation of the ATBC represented the creation of the first formal link between the private sectors of Australia and Thailand.
In February 2005, the ATBC's Australian and Thai Sections signed a MOU Partnership with the Australian Thai Chamber of Commerce (AustCham Thailand). The Council already enjoys links through Thailand's International Trade Committee with the Thai Chamber of Commerce (TCC), the Federation of Thai Industries (FDI), and the Thai Bankers' Association (TBA).