That would require some corporate or ACT government support, as well as a shift away from November, when it's usually held.

The Federal is one of the leading amateur tournaments in Australia and boasts former PGA Champion Jason Day as a former competitor.

But Federal Golf Club general manager Anthony Sinclair said it had become a financial strain in recent years.

The month of November is a good one for corporate golf events, meaning they lose valuable income by hosting it.

Sinclair said the club was still committed to amateur and junior golf, and would look to bring the tournament back in the future.

"It's under consideration for next year. The board decided it comes at a bad time, in fact it comes at a good time," he said.

"It's in one of our more productive months, November, when we have so many other things going on and we felt there was enough disruption to normal play for members.

"The club's been trying to get a corporate partner for the event for many years without much luck."

Sinclair said last year's field had been disappointing, while the entries for this year's event - before it was cancelled - had also been poor.

In 2018, it was scheduled on the same week as the NSW Open, meaning many of Australia's amateurs didn't play.

"We want to retain the event. We just need to find a way to make it work better," Sinclair said.

"That might mean a change of date, it might mean a change of format. We'll see.

"We haven't really heard much from Golf NSW about it and we're looking to see if they've got any ideas to help us with the event."