The Anglican Development Fund, Diocese of Canberra and Goulburn (ADF) was established in 1967.

The purposes of the ADF are to receive deposits from investors and to make loans to parishes and other diocesan agencies (e.g. schools, aged care and welfare) for building or other capital works projects. The ADF also makes housing, car and personal loans to clergy and other persons employed by the Diocese.

The ADF has voluntarily adopted the Australian Prudential Regulation Authority (APRA) guidelines for Credit Unions as the appropriate standard for reserves.

The ADF has operated profitably since inception in 1967. Grants have been regularly made and interest paid on reserves for assistance to the Church.

Advice to Investors

The Fund is designed for investors wishing to support the Church in its work. Investors should be aware that the Anglican Development Fund is not subject to the normal requirement to have a prospectus and trust deed under the Corporations Law pursuant to an exemption issued by the Australian Securities and Investment Commission. The Fund is required to lodge annual audited financial statements with the Commission but has not been examined nor approved by the Commission.

Neither the Anglican Development Fund nor its controlling body, the Anglican Church Property Trust Diocese of Canberra & Goulburn is prudentially supervised by APRA. Deposits with the Fund do not obtain the benefit of the depositor protection of the Banking Act 1959.

Repayment of deposits is guaranteed on demand by the Diocese of Canberra & Goulburn. The Board of the Fund has adopted a policy of increasing reserve funds from profits each year to support the Diocesan guarantee and to protect investors’ interests.

The majority of depositors' funds are invested in loans to schools, for parish buildings, clergy housing and Anglican welfare projects.

Surplus liquidity from time to time may be invested in trustee investments, bank accepted bills, shares and unsecured convertible notes of companies listed on the Stock Exchange, first charge debentures in companies, and other securities for the time being approved by Bishop-In-Council.