Catholic Development Fund, Diocese Of Wollongong

Central treasury function for Catholic Diocese of Wollongong supporting Education, Parish and Diocesan agencies. The Catholic Development Fund is not subject to normal requirement to have a prospectus and trust deed under the Corporations Law and the Catholic Development Fund has not been examined by the Australian Securities Commission. This is because an investment with the Catholic Development Fund is designed for those persons who wish to promote the educational, religious and charitable activities of the Catholic community and for whom the considerations of profit are not of primary relevance in their investment decision. The Trustees of the Roman Catholic Church in the Diocese of Wollongong have indemnified the Catholic Development Fund against any liability arising out of a claim by investors in the Fund through the CDPF Limited which is a company established by the Australian Bishops' Conference.
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Keywords: religious institutions