The RACGP generated $82.6 million over the last financial year but says it would have lost money if not for the Federal Government’s JobKeeper subsidies.

The college’s annual report released on Monday shows some $35.5 million came from membership and CPD fees and a further $23 million from education, course registration and other fees.

Overall it generated a $1.9 million surplus after expenses — although this was due to the $3.7 million it received under the Federal Government’s JobKeeper scheme, which paid business $1500 per employee per fortnight if they expected a fall in turnover of 15% or more.

Former acting CEO Nick Williamson wrote in the annual report: “The income support payments have seen us through to 30 June 2020 with a small and unexpected surplus.”