Olympic appears to be in existence since the early 50's. Formally the name Olympic was decided in a General Meeting of players and committee member in 1955.

The names proposed for the team was either Olympic or AEK. Olympic appears to have played in competitive games in Grade 2 in 1955. Biggest Win was 25-0 against Cooma in Division 2 in May 23rd 1971 Biggest Loss has been 8-0 against RMC in 9th October 1955 playing in Grade 2, in the Competition Finals. The 1956 season was split into three Divisions, a vast improvement on the 5 teams that existed only 3 years before. The first Division was cut down from 10 teams to 8 teams. There was a Second Division which initially was set to have 9 teams, but the Naples club withdrew their team from the Division. A Reserve Grade was created and although there was promise for a number of teams to play, eventually only 4 existed. In the Second Division, Olympic won convincingly taking maximum points from the games played. This won them promotion to the 1957 Division 1 with last placed team Dnipro being relegated. This is the final Table for Division 1 in 195.

Bohemia 11 9 0 18
Hungaria 11 8 0 16
Olympic 10 8 0 16
Balkan 11 6 1 13
Roma 11 5 3 13
Canberra UB 11 4 4 12
Hollandia 11 3 2 8
BeQuick 10 2 1 5
Wistula 10 2 1 5
Napad 10 0 0 0

Olympic always represented the region with players in the rep squads as shown below from a representative game in 13th of may 1960.

ACT 7 (Exharos 3, Pethes 2, G. Jorbuzovic, Kams) v St.George Budapest 1 (Schauman)

Tom Exarhos not only has honoured the colours of Olympic and the ACT, but has been a member of Committees since the 70's.

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