The Queensland Formula Vee Championship is fought across seven race meetings, racing roughly every 6 weeks from March to November. Non-championship race meetings are held occasionally, mostly during voids in the calendar. The series consists of three well known circuits; Lakeside (Kurwongbah, north of Brisbane), Queensland Raceway (Ipswich) and Morgan Park (Warwick).

Three classes exist within the series and compete simultaneously on-track; 1600cc, 1200cc & Historics. The mechanical specification of these classes is explained on the VEE SPECIFICATIONS page.

Pointscores are run for the individual classes:
- Outright 'Queensland Formula Vee Championship' (all classes)
- 1600cc Club Championship
- 1200cc Club Championship
- Historic Group V Club Championship
- Rookie of the Year
- CAMS QLD State Championship (all classes)
Pointscores can be found via the News & Results page.

Formula Vee's are also eligible for hill climbs and sprint time-trials, however these are not a part of the championship.

A traditional weekend of racing begins with Friday practice (typically 5-6 fifteen minute sessions); Qualifying on Saturday; and four Races spread across Saturday and Sunday. Race formats are often varied, with a mix of short heats (6-8 laps), feature races (10-15 laps), and occasional reverse-grid or handicapped starts. Some circuits have the ability to run differing track layouts on the one weekend.

Interstate racing:
Formula Vees are eligible Australia wide under unified regulations, so participating in interstate events is possible (but not a part of the QLD Championship). Each state has their own State Championship. The Australian Formula Vee National Series is a multiple round championship that attracts competitors from across the nation and has visited well known tracks such as Bathurst, Oran Park, Eastern Creek, Phillip Island, Winton, Mallala, Baskerville and Morgan Park.

The pinnacle each year is The Nationals Challenge, one race-meeting to decide the best Formula Vee driver nationally. The event visits a different state each year on a rotational system. Queensland last hosted the event in 2007 at Morgan Park (Warwick).

More information on other states and the national series is available on the National Formula Vee website (www.fvee.org.au).