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REGULATION

Variation to Annual Subscriptions
Approval Date: April 2010
Next Review: April 2013
Review By: Finance & Finance Committee

This regulation is to give affect to the Policy for Variation to Annual Subscriptions and repeals all other regulations before October 2008 relating to exemptions or concessions for payment of annual subscriptions. This regulation does not apply to annual candidate training fees.

Subject to the Policy Variation of Payment of Annual Subscriptions any Member (being a Fellow, Associate Fellow, Affiliate) may apply in confidence to the Chair of the Finance and Audit Committee for exemption from or reduction of the annual subscription. Any exemption or concession so granted shall apply for a period as specified by the Chair of the Finance and Audit Committee.

The application should be made to the Chair of the Finance and Audit Committee prior to the date by which the subscription is payable in the calendar year (14 August).

The application should be in writing and, in addition to any other details required by this regulation, include full details of the following:

  • The grounds upon which the application is made;
  • The length of time for which the application or concession is sought (where applicable);
  • The rate of the concession sought; and
  • Any other appropriate information in support of the application
The Chair of the Finance and Audit Committee may request further information from the applicant if necessary prior to deciding the application and may approve the application, either wholly or in part, impose any conditions it deems appropriate on any approval given, or refuse the application.

Unless otherwise indicated in this regulation or otherwise determined by the Board, any approval grated by the Chair of the Finance and Audit Committee will apply only to the financial year to which the subscription relates.

Application for exemption

The grounds upon which an exemption may be made are that the Member:
  1. is over the age of 75 years after which a 100% exemption will apply;
  2. will not be earning income from the practice of clinical medicine or medical management or any other form of employment (not earning income from work). This lack of income may be due to retirement or incapacitating illness and must apply for the whole of the financial year to which the annual subscription relates;
  3. is working solely in a humanitarian or similar voluntary field.
Application for concession
The Chair of the Finance and Audit Committee may at their discretion, grant a concession to a member in personal financial difficulty or hardship. Circumstances in which a concession may be granted under this regulation include, but are not limited to:
  1. Where a member is residing overseas for the purposes of undertaking study towards a further formal medical specialist qualification and during which period he or she is in receipt of a gross income of less than $70,000 (AUST). Evidence is required to be submitted to the Honorary Treasurer in support of the application.
  2. Where a member is taking unpaid maternity leave or is working part-time after childbirth or on official paternity leave, provided that the maximum period in relation to which the concession may apply is 12 months confinement or paternity leave. Evidence of approval by the employer of the unpaid leave is required to be submitted to the Chair of the Finance and Audit Committee in support of the application.
  3. Where a Fellow is no longer working in medical administration and has returned to work in a clinical specialty and wishes to retain the FRACMA. The Chair of the Finance and Audit Committee may approve a reduction in the full Fellow rate for a period of up to 24 months after which a further application must be made to the Board for approval of continuance of such reduction.
A concession will not be granted under this regulation where the RACMA qualification is deemed by the Chair of the Finance and Audit Committee to have contributed towards the Member's obtaining his or her current position or where a direct benefit is deemed by the Board to have been obtained by the member as a result of that association with RACMA.

No concession will apply to those concurrently training in another specialty.

In the event that a Member who has been granted a concession or exemption fails to advise the College 45 days in advance of the new financial year that a further variation to payment of the annual subscription is requested, then the normal subscription fee associated with the membership will be invoiced.

Schedule of Payments
The Chair of the Finance and Audit Committee may approve a schedule of regular payments to enable a Member to make partial payments of annual subscriptions where full payment in any one financial year is not possible.

Part-time payments for long term debt will not be accepted, unless special circumstances can be demonstrated, in which case the approval of the Chair of the Finance and Audit Committee will be required.

The Chair of the Finance and Audit Committee may review a decision granting an exemption or concession if the circumstances under which the decision was made have materially altered; and may, at its absolute discretion, vary the conditions or revoke the exemption or concession, whether retrospectively or otherwise.

Review of the decision by the Chair of the Finance and Audit Committee
Any Member who is unhappy with the decision made by the Chair of the Finance and Audit Committee may seek a Board review of that decision.


Last Updated on Wednesday, 11 April 2012 11:23