Articles of importance to CDF investors
Government deposit guarantee
The Centenary Development Foundation (CDF) takes this opportunity to assure all Churches, Church Members and Investors with CDF that their funds are fully secured. The CDF, like every financial organisation around Australia and the world has not been immune from the effects of the global financial crisis, although the impact upon us has been minimal, as we have no exposure to foreign markets and do not provide sub prime loans for any purpose. In addition the Churches of Christ in QLD has (since inception) provided a guarantee that all funds invested with CDF are protected.
The consolidated assets of the Agencies amount to approximately $258 Million, CDF has a total liability of only $31 Million and as such investors can be more than confident that thier funds are fully secured.
Indemnification
Investors should be aware that Centenary Development Foundation is not subject to the normal requirements to have a disclosure document or Product Disclosure Statement (PDS) and be registered or have a trust deed under the Corporations Act. This scheme has not been examined or approved by ASIC and the investment is designed for those who wish to promote the work of Churches of Christ in Queensland and for whom the considerations of profit are not of primary relevance in their investment decisions. However, Churches of Christ in Queensland, as a registered Sponsor Body, has indemnified the fund against liability arising out of a claim by investors. We adhere to the National Privacy Principles contained in the Privacy Amendment (Private Sector) Act 2000.
Please refer to a copy of our Privacy Policy on this website.
Furthermore neither Churches of Christ in Queensland nor Centenary Development Foundation are prudentially supervised by the Australian Prudential Regulation Authority (APRA) and contributions to the fund do not obtain the benefit of the depositor protection provisions of the Banking Act 1959.