Today, the management of the affairs of the Society is vested in a Council consisting of a Patron, a President, a Chairman, a Vice-Chairman (if appointed), an Honorary Treasurer and Councillors. The Society is assisted by a number of other honorary appointees.

Cases of reported bravery are investigated by the New South Wales Police, and copies of the reports are distributed to Officers and Councillors of the Society in advance of all meetings, to enable consideration to be given to them before discussion. Voting at meetings determines the granting of awards.

The Society is supported by a subsidy from the New South Wales Government, supplemented by donations from organisations, corporations and citizens.