<p><b>Context:</b> Frequent, simultaneous observations across the electromagnetic spectrum are essential to the study of a range of astrophysical phenomena including active galactic nuclei. A key tool of such studies is the ability to observe an object when it flares i.e. exhibits a rapid and significant increase in its flux density.</p> <p><b>Aims:</b> We describe the specific observational procedures and the calibration techniques that have been developed and tested to create a single baseline radio interferometer that can rapidly observe a flaring object. This is the <i>only</i> facility that is dedicated to rapid high resolution radio observations of an object south of −30 degrees declination. An immediate application is to provide rapid contemporaneous radio coverage of AGN flaring at γ-ray frequencies detected by the <i>Fermi</i> Gamma-ray Space Telescope. </p><p><b>Methods:</b> A single baseline interferometer, the Ceduna Hobart Interferometer (CHI), was formed with radio telescopes in Hobart, Tasmania and Ceduna, South Australia. A software correlator was set up at the University of Tasmania to correlate these data.</p> <p><b>Results:</b> Measurements of the flux densities of flaring objects can be made using our observing strategy within half an hour of a triggering event. These observations can be calibrated with amplitude errors better than 15%. Lower limits to the brightness temperatures of the sources can also be calculated using CHI. </p>