Control of the Port Kembla RSL sub-branch would eventually be returned to the members, RSL NSW president Don Rowe said on Friday.
The sub-branch has been in administration since RSL NSW sacked the executive in October over "significant" breaches of the RSL constitution, as well as issues with record-keeping.
But Mr Rowe said the state body was looking to hand over the club to the members, providing there were people to fill the executive positions.
"We would like to see the sub-branch in time handed back over to the members of the sub-branch to run themselves, but we've got to sort out the whole issue of the property and a number of compliance issues we have with some of the members," Mr Rowe said.
"There still is a sub-branch there, it just hasn't got a president, secretary and a treasurer. It's just got an administrator.
"The administrator I'm sure will be looking at conducting the Anzac Day service at Port Kembla where it's always been."
Before the sub-branch was returned to the members, Mr Rowe said the issue of what to do with the Port Kembla RSL club building needed to be resolved.
He confirmed that the club would be opened up to expressions of interest, without limiting it to just a sale or a lease.
"That leaves it fairly open to whatever people may think they wish to do with the building," he said.
RSL NSW will work with real estate agents to conduct the process and although Mr Rowe said he couldn't say how long it would take to find a successful applicant, he didn't plan to have things drag on.
Mr Rowe also said there was no preference to lease or sell. "We will consult with the sub-branch but at the moment it's in administration," he said. "Ultimately somebody's got to make a decision, but we would talk to the sub-branch guys."
He also rejected rumours that a buyer had already been found.