Helping grow our Catholic community since 1956.

2016 [ ANNUAL REPORT ] FRONT COVER IMAGE Thomas Carr College, Tarneit [ 1 ]

60 years of co-operative partnerships with the Catholic community.

[ CONTENTS ]

A Message from the of Melbourne 3

Commendation from the of Sale 4

A Message from the CEO and Deputy Chairman of the Board 6

A Message from the Executive Director Catholic Education Melbourne 8 Emmaus College, Vermont

About Us 10

Our Mission 11

Our Clients 12 - 15

Products & Services 16 - 17

Fund Mergers 19

Financials 20 - 21

Governance & Corporate Information 22

CDF Management 23 Saint Patrick’s Cathedral, Melbourne [ 2 - 3 ]

A MESSAGE FROM THE ARCHBISHOP OF MELBOURNE

Dear Friends, The Catholic Development Fund (CDF) is celebrating a significant milestone this year, its 60th Anniversary. Since 1956, the CDF continues to deliver on the simple philosophy, ‘we all benefit through the pooling of Church funds’. CDF provides long term, low cost funding on favourable terms, along with dedicated personalised service. It is important to remember that the surpluses generated by the CDF are retained within the Church. These surpluses help to support the mission of the Church in the Archdiocese of Melbourne and the Diocese of Sale.

We can all be proud of the CDF’s work over the last 60 years.

I value the loyal support from our valued clients, who are all carrying forward the mission of Jesus Christ: Our Clergy, our Parishes, our Schools, our Health & Aged Care services, Catholic Education Melbourne and Sale, Religious Congregations, Church Agencies, Archdiocese of Melbourne and Diocese of Sale. I would also like to thank the CDF Board, Committee Members, Management and staff for their dedication and ongoing support. As Chair of the Board I encourage your continued support and investment in CDF.

Yours sincerely in Christ,

Denis Hart Archbishop of Melbourne Chair of the Board COMMENDATION FROM THE BISHOP OF SALE

The Catholic Diocese of Sale is situated in the eastern Victorian region of Gippsland, its western end includes the rapidly expanding outer eastern suburbs of Melbourne. The Diocese is experiencing significant growth particularly throughout the western region. This growth represents a wonderful opportunity to meet the needs of Catholics in our Diocese. Being able to support renovations, expansion plans for Parishes and schools as well as building new schools in the Diocese is a great achievement. The Catholic Development Fund plays an important role in our community providing investments, lending and financial services. The work of the Fund is integral to the growth of the Sale Diocese, and as Bishop of Sale and on behalf of the Sale Diocese we thank the Catholic Development Fund for its continued support.

In Domino,

Patrick O’Regan Bishop of Sale

St Mary’s Cathedral, Sale [ 4 - 5 ] A MESSAGE FROM THE CEO AND DEPUTY CHAIRMAN OF THE BOARD

Dear Valued Customers, We will also be moving to new offices in late 2016 which will enable all of the Melbourne Founded in 1956, the CDF celebrates its 60th CDF staff to be located together on the Anniversary this year. We are looking forward same floor. to the exciting opportunities that lie ahead whilst acknowledging and giving thanks to the After 30 years of service to the CDF John foundation Father James ‘Jim’ Wall put in place Hurren has retired as Chief Executive all those years ago. Officer. We thank him for his hard work and distinguished service and wish him a long and We would like to express our gratitude for relaxing retirement. the continued strong investment support that the CDF receives from Laity, Clergy, We appreciate and acknowledge the Parishes, Catholic schools, Archdiocesan professionalism and commitment of the Board, agencies, Religious Congregations and Catholic Committee Members, Management and staff Hospitals and Health and Aged Care providers who help to build a safe and trusted Fund. throughout the Archdiocese of Melbourne, the Diocese of Sale and beyond. Yours sincerely, Strong investment support from the Catholic community has allowed the CDF to meet the high demand for development funding from Catholic organisations which are expanding to better serve the Catholic and wider community. For the financial year 2016 the CDF approved funding for 167 projects with a combined value Matthew Cassin of $310M, and loan balances of $895M. Chief Executive Officer Catholic Development Fund Over the years the CDF has accumulated $154m of retained earnings which support continued lending growth and provide a large prudential buffer to protect the funds entrusted to the CDF by individuals and Catholic Organisations. We are committed to continuing the sound prudential management of the CDF Francis Moore into the future. Deputy Chairman of the Board It is our aim to ensure that we remain customer Catholic Development Fund focused and to drive continuous improvement throughout the organisation. In the coming year we will continue to develop our loan and investment products as well as execute a new digital strategy aimed at improving our customer’s online experience. We will continue to seek feedback and ideas from our community to ensure we meet the needs of Catholic Organisations. [ 6 - 7 ]

Matthew Cassin

Francis Moore

Our customers are vital to our ongoing success. Understanding how we can better support our customers is a key goal.

Saint Patrick’s Cathedral, Melbourne A MESSAGE FROM STEPHEN ELDER OAM EXECUTIVE DIRECTOR, CATHOLIC EDUCATION MELBOURNE

Catholic education in the Archdiocese of Melbourne is a leading provider of school education. It represents the sixth-largest education system in Australia, operating in the third-largest Catholic diocese in the world. In 2016 there are 152,582 students enrolled in 331 Catholic schools in the Archdiocese, supported by more than 18,350 teaching and non-teaching staff. Our aim is for our students to be happy, confident and faith-filled young people and successful learners, who will use their knowledge and their gifts for the good of people everywhere. In this task we share in and contribute to the Church’s mission of education and evangelisation and draw our inspiration from the person and teachings of Jesus Christ. Additionally we are thankful for CDF’s Since 1956 we have been assisted in our mission of support of deserving expanding educational opportunities, particularly in developing growth areas, through the Catholic students through Development Fund (formerly the ‘Schools the Fr James Wall Provident Fund’). By providing competitive loans Bursary Awards. These for capital works projects and ensuring application awards, established in criteria align to the unique structure of Catholic schools, CDF have helped us to build new physical 2002, enable recipients spaces to support educational and spiritual growth to be given assistance for our students and broader communities. with school fees and other expenses incurred while undertaking Yours sincerely Years 11 and 12 at a Catholic College in either the Archdiocese of Melbourne or the Diocese of Sale. I’d like to congratulate all of this Stephen Elder OAM year’s winners. Executive Director Catholic Education Melbourne [ 8 - 9 ]

Stephen Elder OAM, Archbishop Denis Hart and Matthew Cassin congratulate the recipients of the Fr James Wall Bursary Awards. [ ABOUT US ]

HOW WE CREATE SHARED VALUE

To best know who we are, it’s important to know where we’ve been. That’s why during the year of the Fund’s 60th birthday, we want to begin by taking a brief look back on the origins of the Catholic Development Fund.

The Catholic Development Fund Melbourne (CDF) was founded in 1956 as a Provident Fund under the responsibility of the Archbishop of Melbourne. It was created to raise capital to build much-needed Catholic schools and Secondary Colleges in a city experiencing a post-war population boom. Back then, we were known as the ‘Schools Provident Fund’. From humble origins, the Catholic Development Fund movement subsequently spread throughout Australia and New Zealand. Much has changed since 1956; the year television was first broadcast in Australia and Melbourne hosted the summer Olympics. Both the CDF and the City of Melbourne have come a long way since then, but our mission hasn’t changed. When we were established, our aim was to fund the development of the Church by providing long term, low-interest loans. That goal remains the same. In 2016, we will celebrate 60 years of co-operative partnership with the Catholic community. [ 10 - 11 ]

Mercy Place Parkville

OUR MISSION Go, therefore, In our support of the Church, we generate funds by providing personalised financial and make disciples services, to meet the borrowing needs of of all nations, Catholic organisations for the benefit of baptising them in our community. the name of the At its simplest, our aim is to assist the charitable, religious Father, and of the and educational works of the Archdiocese of Melbourne and the Diocese of Sale. Through the support of our Son, and of the investors, we are able to create a pool of funds that can be on-lent to support the ongoing construction of Holy Spirit. infrastructure of Parishes, Catholic schools, Archdiocesan agencies, Religious Congregations’ Welfare and Catholic GUIDING SCRIPTURE - Hospitals and Health and Aged Care providers. Matthew 28:19 [ OUR CLIENTS ]

CDF Melbourne is proud to work with many different Catholic organisations through funding a wide range of exciting projects. These range from loans in support of new school and parish buildings, remodelling existing spaces to better meet the needs of the community, developing housing and facilities for aged and disadvantaged clients. We also provide opportunities for short, medium and longer term investment. Our investors range from school students and individual parishioners through to large institutions – all sharing a value of wanting their investment to benefit the community as well as provide a commercial return. Portfolio of Lending by Sectors (March 2016)

Secondary Schools 41% Health 6% Primary Schools 24% Parish 5% Archdiocese 13% Priest 1% Aged Care 10% Car Loans [ 12 - 13 ]

ST FRANCIS OFFICER CAMPUS

Overview For 35 years St Francis Xavier College has been a thriving Christ-centred community spread across multiple campuses. Responding to community demand in the Beaconsfield Vincent J Feeney and Pakenham areas they secured an elevated site at the intersection of the Princes Highway and Cardinia Road for a new Year 7 – 9 campus. Here they have set the bar high with a progressive education model for junior-secondary school teaching and learning. With a loan secured through CDF they are creating flexible learning spaces to support 21st century education as well as community and spiritual development. The Project Phase 1 • General Learning Building: functioning as a home base for a College house it features multiple common learning areas, wireless connectivity and numerous indoor and outdoor creative spaces for project based learning.

• Design Arts Technology and Science Building: workshops, laboratories and art studios harmoniously connect to work and exhibition spaces.

Phase 2 • The Chapel: the spiritual centre of the campus centrally located to be visible throughout the campus.

Environmental design and reduction of energy consumption underpin all aspects of the project. A building management system gives real-time visibility of energy consumption to students encouraging their participation in environmental stewardship. Community Impact “The new Officer campus, St Francis Xavier College places progressive education facilities into the hands of those who need them most.“ Vincent J Feeney, Principal

“It is important that school buildings be aesthetically pleasing, schools should be places of beauty.” Fr Bernard Mahony, Parish Priest, St Patrick’s Parish, Packenham PARISH OF ST VINCENT de PAUL, STRATHMORE Overview St Vincent de Paul, Strathmore is celebrating its 75th anniversary this year. Parish priest Father Peter Ray passionately represents a community focused on celebrating Christ in life through maintaining a sense of belonging and generosity of heart. Nurturing and growing this community is the impetus behind an exciting development project to remodel the Church and build a new Parish Administration Centre. The Project Phase 1 The recently completed Parish Administration Centre features light and airy rooms, and is linked to the Father Parish Centre. This building serves many purposes Peter Ray including: a place of worship for weekday Mass (during the refurbishment of the Church); an office for Father and a modern Administration Centre, together with a meeting point for Parishioners. Phase 2 The Church redevelopment due for completion mid- Gathered together 2016, is focused on opening up spaces to bring the as your people, community together in different ways. It is a skilful balance of maintaining the ‘old’ while introducing the we come as we ‘new.’ This balance is demonstrated with the original crucifix now removed from the wall behind the altar are, to live out the and given a new suspended setting in the midst of the Gospel message, congregation. Community Impact in a faith filled, ‘It’s an extremely exciting time for us at St Vincent’s welcoming and parish. Both Sandy Law, the project architect, and Martin Bates, leading construction, are longstanding caring community. members of our parish. We’ve worked together in collaboration with our broader community to come up with a fantastic vision and are now seeing it come St Vincent de Paul Parish to fruition. Through this I believe we can continue to Prayer (verse 2) grow and strengthen our community.” Father Peter Ray Parish Priest [ 14 - 15 ]

Artist’s Impression

Cathy Humphrey Key Development Areas This multi-staged project over four years SACRED HEART 2016 – 2020 includes: • a new, fully supported Rooming House with 14 self- MISSION contained living studios, to bridge the existing gap between independent accommodation options and Overview Aged Care support for highly vulnerable people Sacred Heart Mission is a leading • a 93 bed residential Aged Care facility, connected to the charitable organisation with more new Rooming House, enabling residents to age in one than 30 years of experience providing place, even as their needs increase individualised support and care services to people who are experiencing • an expanded Hands on Health Clinic for improved homelessness and disadvantage. delivery of allied health services To address the homelessness issue in inner Melbourne and strengthen • a redeveloped, safe, open access Women’s House people’s capacity for recovery and sympathetically designed for services exclusively for women at risk independence, the Mission recognises that there is a fundamental need • a Training, Meeting and Administration Hub to facilitate to provide supported beds and training and work of 1,600+ volunteers, staff and tertiary accommodation, and more of them. student placements, plus required parking. Also, that it is essential to continue to innovate in service delivery and expand Community Impact effective co-related support services. “One Heart, One Home represents an integrated The Project community of accommodation and support services that is part of the fabric of St Kilda. A place and space of One Heart, One Home is the most acceptance, welcoming and nurturing. A place in which transformational project ever lives can be transformed, where people can find a home undertaken by the Mission and will be and a welcoming community. We thank CDF for their significantly financed through a low cost ongoing support of this important initiative.” social impact investment provided by CDF as well as grants from government Cathy Humphrey and philanthropy. CEO St Clares School, Truganina Loreto Mandeville Hall, Toorak College Chapel

[ PRODUCTS & SERVICES ]

OUR PRODUCTS AND SERVICES To meet borrowing and investment needs of Catholic organisations, we offer a broad suite of products and services.

They’re safe, cost effective and easy to use. With CDF it is comforting to know exactly WHAT WE DO where your money is going. Not only does • Pool the savings of the Catholic all investor capital stay within the Church, community and pay competitive but surpluses generated support pastoral interest rates on those funds. programs of the Church. In addition to loans, • Meet the borrowing requirements investment and cheque accounts and a of Catholic organisations on variety of digital services, we assist Parishes, favourable terms. Catholic schools, Archdiocesan agencies, Religious Congregations, Catholic Hospitals • Provide accessible and low and Health & Aged Care providers with the cost payment products to financial management of their assets and Catholic organisations. other financial services. Additionally we have • Provide a means to promote the the ability to manage payroll services for educational and charitable activities Catholic organisations. of the Archdiocese of Melbourne and the Diocese of Sale. Loreto Mandeville Hall, Toorak College Chapel [ 16 - 17 ]

THE CDF ADVANTAGE

The CDF provides • no application or annual fees capital funding to • less restrictive covenants SOME OF OUR Catholic Organisations • competitive interest rates which allows the PRODUCTS & SERVICES: • long term finance to grow. Some of the • returns reinvested back into benefits of using the the Catholic Community Transactional CDF include: Services

CDFpay (Powered by Monitor) • Cashfree solution for school payments in relation to auxiliary services CDF Online • Direct Debits & Credits • Transfer between accounts • Bpay Batch / Payer Loans Accounts • Upload files Term Loans Cheque Account • Online Statements Bridging Savings Account Access to Bank Payment Overdraft Investments: Products supported by Line of Credit Term Investments National Australia Bank (NAB): over 1 month & • EFTPOS 3 months ($250,000 • Commercial Credit Cards minimum investment) • Bpay Biller 4-24 months (minimum • Card Collection Services investment $2,000)

Payroll Service

All services are available to Catholic organisations. Enabling our communities to operate as one.

Thomas Carr College, Tarneit [ 18 - 19 ]

Sale CDF Merger 1 April, 2014 A key driver behind this merger was the ability to enable CDF to continue funding loan demand in developing urban areas. The merger will ensure that Parishes, Schools and Catholic Organisations in the Diocese of Sale will continue to receive the funding they need to accommodate the needs of a rapidly expanding Catholic community. Given Melbourne CDF’s capacity to offer reduced borrowing costs it will also ensure significant savings to Sale Diocese Parishes and Schools. Already, the Melbourne CDF had provided substantial loan facilities to schools within the Sale Diocese. This move ensures those schools will continue to have access to funds for future development.

Bunbury CDF Merger Archbishop of Melbourne, Denis Hart (right) 1 July, 2016 with the Bishop of Bunbury, Gerard Holohan. The decision to partner with the Melbourne/ Sale CDF came at the culmination of an 18 month process that strategically analysed options for the Bunbury CDF that would enable it to meet its strategic goals and FUND MERGERS objectives. CDF Melbourne is committed Through this process they identified the Melbourne/Sale CDF could provide to competitive pricing and a combined scale likely to grow and outstanding products and services determined synergies through partnership designed to meet the needs of our that would support sustainability and protect customers. Through growth we are the ‘pastoral dollar’ used to support diocesan apostolates. able to continue to innovate and develop new ways to support our Commenting on the new partnership Bishop Gerard J Holohan, Bishop of Bunbury said community as we work together ‘partnering with the Melbourne/Sale CDF to expand the Church’s mission. will benefit our customers and assist the Diocese and its pastoral works to become more sustainable in the long-term. Our We are happy to announce the merger of parishes and schools will have greater access the Catholic Development Fund Melbourne to capital to fund development as well as with the Catholic Development Fund for the lower interest rates on loans. The significant Diocese of Sale and the subsequent merger savings will ensure additional religious, with the Catholic Development Fund for the educational and charitable works.’ Diocese of Bunbury. Both are significant and notable accomplishments, and a cause for The amalgamation of Development Funds celebration. Through these new partnerships also increases the ability of Melbourne CDF there are tangible benefits for all three to compete within the financial services organisations as well as their customers. market place, given its increased scale.

Our Lady of Mercy College, Heidelberg

[ FINANCIALS ] FOR YEAR ENDING 2016 POSITION OUR PERFORMANCE CAPITAL MANAGEMENT We’re proud to share that the Fund has had another rewarding and successful year. The CDF is now delivering financial services to more Catholic Organisations than at any time in its history. The sound financial performance of the Fund is a key indicator of this success. Strong investment support provided by the Catholic community has grown invested funds by 7.9% with year end balances totalling $1,153m. This support means the CDF is able to meet continued demand for borrowings, which during the year increased by $29m to $895m. These loans have funded capital projects in Parishes, Parish Schools, Secondary Colleges, Health and Aged Care and other Diocesan activities such as the provision of housing for low-income families. Operating on a low interest margin and tightly controlling expenditure enables the Fund to offer very competitive investment and lending rates to our borrowers. Our sound financial performance has allowed the Fund to generate a net surplus which is used to maintain capital adequacy, lower interest margins and to make distributions to the Diocese of Sale and the Archdiocese of Melbourne. These monies fund important pastoral initiatives and works that transform the lives of many families and communities. [ 20 - 21 ]

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME $25.51m For the year ended 30 June 2016 Net Surplus 2016 2015 INCOME $’000 $’000 Interest revenue 56,221 59,105 Interest expense (27,504) (32,630) Net interest revenue 28,717 26,475 Other revenue 3,119 2,757 Reinvestment Employee benefits expense (3,595) (3,431) Depreciation and amortisation back into the CDF. (214) (196) expense Capital Adequacy Other expense (2,522) (2,377) Ratio 12.3%* Net Surplus for the Year 25,505 23,228 Liquidity Ratio 32.6%^

STATEMENT OF FINANCIAL POSITION As at 30 June 2016

2016 2015 $’000 $’000 ASSETS Reinvestment Cash and cash equivalents 394,437 308,336 back into the CDF to support long Other financial assets 21,109 39,549 term (average Receivables 2,971 2,260 tenor is 6.3 years), Property and Plant held for sale 9,476 - low interest rate Loans and advances 894,477 866,887 loans for Catholic Other investments - - Communities Property, plant and equipment 394 7,014 who support Intangibles 22 33 the CDF. TOTAL ASSETS 1,322,886 1,224,079 LIABILITIES Investments 1,153,272 1,068,704 Payables and other liabilities 10,597 12,061 Derivatives 693 878 Provisions 760 865 Reinvestment Provision for Archdiocese 2,763 2,824 back into Catholic distribution Community Provision for Diocese distribution 482 303 initiatives. $11.32m TOTAL LIABILITIES 1,168,567 1,085,635 distribution to NET ASSETS 154,319 138,444 the Melbourne EQUITY Archdiocese and Reserves 13,037 10,054 $1.18m to the Retained funds 141,282 128,390 * Ratio of Capital to an organisations risk Capital to an organisations of * Ratio between the liquid assets and liabilities ^ Ratio Diocese of Sale. TOTAL EQUITY 154,319 138,444 Emmaus College Senior Learning Centre

GOVERNANCE AND CORPORATE INFORMATION We uphold the highest standards of practice and are committed to maintaining a strong governance framework that ensures that all funds entrusted to us by the Catholic community are safe. The Board is appointed by the Archbishop and meets on a regular basis. Members of the Board include Diocesan staff, Parish Priests, Catholic Education executives and lay people appointed for their commercial skills and experience. The Board sets the strategic direction and goals of the Fund. In achieving strong corporate governance, the Board has sub-committees to monitor and review the financial performance of the Fund, to audit and oversee risk management and strategic direction.

Archbishop Denis Hart DD Dr. John E. Ballard Chairperson BA, MHA, DBA Archbishop of Melbourne Associate Vice Chancellor Australian Catholic University Mr Francis Moore LL.B B.Comm Mr Paul Velten Deputy Chairperson B.Ec., CPA Executive Director, Administration, Business Manager, Diocese of Sale Archdiocese of Melbourne Assistant Director, Catholic Education Office Sale Mr Stephen N. Elder Dip.Ed., B.Ed. Fr. Andrew Jekot Executive Director, Catholic Education PP, B.Sc., B.Theol Melbourne Parish Priest of Mordialloc and Aspendale Parish Mr David Bristow Dip Bus., B.Bus, CPA, MBA, FIMC, MAICD, CMC Director, David Bristow & Associates Auditors Management Consultant Deloitte Touche Tohmatsu (retired April, 2016) Solicitors Mr Charles Griss Gadens Lawyers FCPA, FAICD, TFASFA Former Group CFO ANZ Banking Group Bankers Former CEO Esanda Finance Corp. Ltd. National Australia Bank Mr Tony Ryan B.Bus (acc), FCPA, FFin, GAICD Legal status MyLifeMyFinance Limited The CDF is a part of the Catholic Archdiocese of Melbourne which Mr Eric Passaris, conducts its civil works through The B.Ec, CA, CPA, RCA Roman Catholic Trusts Corporation Partner – Audit Grant Thornton for the Diocese of Melbourne. Rev. Msgr. Anthony J. Ireland ABN: 15274943760 PP, EV, B.Theol, STL, MA, STD Parish Priest of Doncaster Parish Episcopal Vicar for Health, Aged and Disability Care [ 22 - 23 ] CDF LEADERSHIP

Matthew Cassin Joseph McNamara Melissa Timbs Nico Sian Chief Executive Officer General Manager Finance & Operations General Manager IT, Strategy & Communication Executive Manager Finance P: (03) 9926 2228 (Sandi Garma, Executive P: (03) 9926 2257 M: 0419 469 914 P: (03) 9926 2235 M: 0437 198 206 P: (03) 9926 2269 M: 0408 312 410 Assistant to CEO) E: [email protected] E: [email protected] E: [email protected] E: [email protected]

Michael Fowler Madeline Greenfield Richard Coker Robyn Bradshaw Executive Manager Information Technology Executive Manager Retail & Communication Executive Manager Product Executive Manager Financial Services P: (03) 9926 2229 M: 0427 216 962 P: (03) 9926 2230 M: 0400 966 540 P: (03) 9926 2202 M: 0400 513 306 P: (03) 9926 2264 M: 0429 853 584 E: [email protected] E: [email protected] E: [email protected] E: [email protected]

CDF RELATIONSHIP MANAGEMENT TEAM

Tilly Hutton John Reithofer Tony Conlan Senior Relationship Manager Southern Region/ Senior Relationship Manager Senior Relationship Manager Order-Owned Colleges Western Region/Health and Aged Care Peninsula/South Eastern Region M: 0418 918 652 E: [email protected] M: 0407 800 573 E: [email protected] M: 0437 581 008 E: [email protected]

Kevin Ba Sue Eeles Nick Maher Relationship Manager Relationship Manager Diocese of Sale Account Manager Diocese of Bunbury M: 0418 639 723 E: [email protected] M: 5622 6699 E: [email protected] P: 08 9721 0500 E: [email protected] [ OUR GUIDING SCRIPTURES]

PURPOSE Xavier College, Kew “Go, therefore, make disciples of all nations, baptising them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of age.” Matthew 28: 19-20 CARE FOR OTHERS “A new command I give you: Love one another. As I have loved you, so you must love one another. By this everyone will know that you are my disciples, if you love one another.” John 13: 34-35 SHARING OF WEALTH “‘What should we do then?’ the crowd asked. John answered, ‘Anyone who has two shirts should share with the one who has none, and anyone who has food should do the same.’” Luke 3: 10-11 [ 24 - 25 ]

Xavier College, Kew

DISCLOSURE STATEMENT The Archdiocese of Melbourne – Catholic Development Fund (CDF) is designed for investors who wish to promote the charitable purposes of the Catholic Archdiocese of Melbourne, the Catholic Diocese of Sale and the Catholic Diocese of Bunbury. We welcome your investment with CDF rather than with a profit oriented commercial organisation as a conscious commitment by you to support the Charitable, Religious and Educational works of the Catholic Church. CDF is not subject to the fundraising provision of the Corporation Act 2001 nor has it been examined or approved by the Australian Securities and Investments Commission. Neither CDF nor the Trustees of the Roman Catholic Trusts Corporation for the Archdiocese of Melbourne is prudentially supervised by the Australian Prudential Regulation Authority. Contributions to CDF do not obtain the benefit of the Depositor Protection Provision of the Banking Act 1959. The Catholic Archdiocese of Melbourne has indemnified the CDF against any liability arising out of a claim by investors in the CDF through CDPF Limited, which is a company established by the Australian Catholic Conference. In essence, this means that your investment and any interest payable is guaranteed by the Catholic Archdiocese of Melbourne. For more information and resources please contact:

CDF Melbourne CDF Warragul CDF Bunbury (Head Office) 6 Witton Street 11 Money Street 486 Albert Street Warragul Bunbury East Melbourne VIC 3820 WA 6230 VIC 3002

T (03) 9926 2200 T (03) 5622 6699 T (08) 9721 0500

(P.O. Box 174, East Melbourne VIC 8002) E [email protected] www.catholicdevelopmentfund.org.au