The Catholic Development Fund (CDF or the Fund) has been established in this diocese for over 50 years. The Fund is audited annually and produces an Annual Report for the Diocesan Finance Council that is publically published. The Fund only lends for Church or school related projects and surplus funds are directed back to Church-related charitable works.
Investments with the CDF are guaranteed by the Bishop of the Maitland-Newcastle Diocese. CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the Fund against any liability arising out of a claim by investors in the Fund.
We welcome your investment with the CDF rather than with a profit-oriented commercial organisation. Investments in the Fund are intended to be a means for investors to support the charitable, religious and educational works of the Catholic Diocese of Maitland - Newcastle and for whom the consideration of profit are not of primary relevance in the investment decision.
The CDF is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission. Therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth).
Furthermore, investors should be aware that neither the Fund nor the Trustees of the Roman Catholic Church for the Diocese of Maitland - Newcastle is subject to the normal requirements to have a disclosure statement or Product Disclosure Statement or be registered under the Corporations Act 2001 (Cth).