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Bmwccv hold a fair few track days throughout the year (mostly at Winton raceway-2.5hrs from Melbourne)
$80 to join the bmwccv.
Around $200 for track days
$100 for Annual Cams license
Great place to start off and a lot of bmw enthusiasts as well.
They also do motorkhana events which I think is very useful if you are thinking about doing serious track days and wanna learn how to drive well.
If not serious and just wanna do an occasional blast around a track and long straight, try driver dynamics ($350) for full day at Sandown. For same price you can do Philip island with drive events pty Ltd.
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