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The Britain Australia Bicentennial Committee (BABC) was set up in 1984 by the British Government through the Foreign and Commonwealth Office to supervise the British involvement in the Australian Bicentennial. It was chaired by Sir Peter Gadsden. Initially a steering committee was set up, which later became the BABC. In 1985 the Britain Australia Bicentennial Trust was set up to deal with the public money raised, at this time the BABC also set up a number of National Task subcommittees and regional subcommittees.
One of the tasks of the BABC was to make a recommendation for the UK gift to Australia for the Bicentennial. Several ideas were put forward for consideration, notably a re-enactment of the voyage of the First Fleet under Admiral Arthur Philip, This was decided against, although the re-enactment fleet did sail from the Isle of Wight, 13 May 1987 and arrived in Australia 26 Jan 1988, without the support of the BABC. The UK gift to Australia was eventually decided on as the sail training schooner STS Young Endeavour, proposed by Arthur Weller. The building of STS Young Endeavour, was supervised by the Schooner Trust, supervised by Weller. The Bicentennial events in the UK were widespread including balls, banquets and church services, notably at Westminster Abbey led by Archbishop Robert Runcie, 14 Jul 1988.