RAAFA’s Transition to a Public Company Limited by Guarantee
While our structure is changing to a public company limited by guarantee (PCLG), our purpose and values remain unchanged. This transition, approved by our members, creates a more robust framework to deliver our trusted services and expand our impact across Western Australia.
What Does it Mean to Transition to a PCLG?
A PCLG enhances governance and accountability while ensuring sustainability.
Members will be bound by the CLG Constitution.
Members contribute no more than $1.00 if the Company is wound up.
Frequently Asked Questions
Member FAQs
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We're evolving RAAFA's structure to a PCLG to amplify our community impact in Western Australia. This legal structure provides better governance frameworks and operational capabilities required for our continued growth and service delivery.
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A large majority of RAAFA members voted in favour of this transition.
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If you are a fee-paying member, you can give consent to joining the PCLG by paying your membership renewal fee this year.
If you are a non-fee paying member, you need to opt-in to joining the PCLG by completing a consent form.
This form will be sent to all non-fee paying members in May 2025.
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Members guarantee to contribute a nominal amount (in this case $1.00) if the company is wound up while they are a member or within one year after.
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This is a legal requirement under section 173 of the Corporations Act for all companies.
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We will communicate important updates via email to all members who have provided their email addresses.
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Please email enquiries@raafawa.org.au if you have any questions about this transition.
Resident FAQs
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RAAFA will continue to operate under the Retirement Villages Act in Western Australia, so there will be no changes to residents’ rights under the Act. Since the legal identity of RAAFA will not change, contracts will remain legally binding on both parties and security of tenure will not be affected.
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RAAFA retains prudential limits set by The Board of Directors, which residents’ funds retained cannot go below. RAAFA already has one of the most generous buy back periods of all retirement village operators in Western Australia, even more generous than the new legislation being drafted proposes and that will not change as a result of the conversion.
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No, there will not be any increased costs as a direct result of this proposal.
Club FAQs
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Because RAAFA is defined in the Liquor Control Act, we will need to reach agreement with the Director of Liquor Licensing as to our status under the Act. We have had preliminary discussions and are confident this will be resolved so there is no impact on the operation of the Clubs. Our Members should see no difference to how the Clubs operate now.