Welcome to the Diocese of Ballarat – Catholic Development Fund
This site will keep you informed with what’s happening at the Catholic Development Fund. Up to date information such as interest rates and the latest available products will be accessible.
If you have any comments or queries, please email us.
Click here to send us an email.
What is the Catholic Development Fund?
Our aim is to maximise the use of resources within the Catholic community in order to provide facilities to invest funds, offer loans at favourable cost for capital and other projects, and provide the means of promoting the pastoral and educational needs of the Ballarat Diocese.
The Diocese of Ballarat – Catholic Development Fund (CDF) is an integral source of income for the pastoral services offered by the Church across the Diocese. The CDF allocates much of its annual operating surplus to the Diocese for pastoral and welfare work. In addition, the CDF also provides funding for accommodation for retired priests.
The Diocese of Ballarat – Catholic Development Fund (the Fund) is required by law to make the following disclosure. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission. 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). Investments in the Fund are intended to be a means for investors to support the charitable religious and educations works of the Catholic Diocese of Ballarat and for whom the consideration of profit are not of primary relevance in the investment decision. The investments that the Fund offers are not subject to the usual protections for the investors under the Corporations Act (Cth) or regulation by Australian Securities and Investments Commission. Investors may be unable to get some or all of their money back when the investor expects or at all and any investment of the Fund are comparable to investments with banks, finance companies or fund managers.
The Fund’s identification statement may be viewed below or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.