30 October 2026

Dear Fellows and trainees,

The RACP Board met for a short virtual meeting on 30 October 2026. The meeting considered governance reform, delivery of the College’s priorities, the College’s financial position, 2027 membership fees and changes to the College’s investment strategy.

Governance reform

The Board received an update from the Governance Reform Working Group, which met to discuss a program to include rank and file doctor-members in the decision making. This work is particularly important in light of recent interventions by three of the College’s key regulators, the Australian Charities and Not-for-profits Commission (ACNC), SafeWork NSW and the Australian Medical Council (AMC), which have mandated strengthening aspects of the College’s governance, accountability and ways of working.

The Governance Reform Working Group is considering: 

• governance structure
• Board composition 
• College council
• Extraordinary General Meetings (EGMs)
• decision-making and accountability.

Progress against the College’s priorities

The Board received the Chief Executive Officer’s report and noted that the College continues to make good progress across its many priorities.

A major focus remains on TRELLiS, the College’s digital transformation program. TRELLiS is progressing through final build and testing for its first release. The planned go-live is March 2027 to bring about tangible improvements for the College and all its members.

Other important programs in the 2026 Operating Plan include:

• renewal and implementation of physician training curricula
• continued improvement of the Training Management Platform
• the RACP LIFT flagship event series
• a focus on regional, rural and remote training and workforce
• improvements to accreditation and implementation of recommendations from the medical regulators.

Financial position and risk

The Board noted the College’s solid overall financial position and positive outlook. The year-to-date financial result to the end of August was ahead of budget, and the College is on track to deliver its full-year financial result. The Board also reviewed key areas of financial and organisational oversight, including investment performance, enterprise risk, internal audit, information security and regulatory compliance.

2027 membership fees

The Board approved a three per cent increase in College fees and charges for 2027. This is below the CPI figures of four per cent. The Board noted the RACP fees are the second lowest amongst the medical colleges and that the College seeks to minimise its fees but also ensure financial sustainability.

Investment strategy

The Board approved changes to the way the College’s investments are allocated following a strategic review with its investment adviser, Morgan Stanley. Importantly, the Board has not changed the overall level of investment risk it has previously approved, nor its commitment to ethical investment.

Next meeting

The next Board meeting will be an all-day, in-person meeting on Friday, 20 November 2026 in Sydney.

With good wishes,