The BAAA was formed in 2002 with the following objectives:
- To represent and advance the interests of members who are alumni of Australian universities, education institutions, defence institutions and training centres.
- To establish a network of members in Brunei Darussalam so as to foster progress in the areas of education, culture, commerce, science and industry.
- To promote and foster relations amongst alumni associations of Brunei Darussalam and of other countries.
- To support business and social activities for members and their families to further enhance the network of members and prospective members.
- To raise and administer funds for the business of the Association and its activities.