The AIDF will offer NEW investment products to associated clients, namely:
(a) parishes and ministry units, which are bodies constituted by or under the authority of a decision of the Diocese,
(b) Diocesan agencies and schools, which are bodies constituted by or under the authority of a decision of the Diocese and created by way of ordinance,
(c) a body formed for the purpose of advancing religion which is of the same denomination as the Diocese,
(d) persons acting as trustees of the ACPT,
(e) a member of the clergy, employee or voluntary staff member who works for any of the above bodies,
(f) trainee clergy who receive money or money’s worth from a person mentioned in any of the paragraphs (a) to (d) above.
For the purposes of paragraph (e) above the following criteria will be applied in determining if a person is to be treated as a voluntary staff member for the purpose of relying on that person being an associate:
• a person who is a member of the governing body of the Diocese, a Diocesan agency, school or Ministry unit,
• a person who is a member of any committee established by the Diocese to further the work of the Diocese,
• a person who works on a voluntary basis for at least 40 hours a calendar month in a business operated by a parish or Diocesan agency,
• a person who works on a voluntary basis for at least 40 hours a calendar month in a Diocesan charitable program (eg a program which assists vulnerable members of the community by providing support such as counselling and low or no cost food and other household products).
As a result of these regulatory changes the AIDF has decided to apply for an Australian Financial Services Licence (AFSL) which will allow us to offer notice and term investment products to non-associated clients.
To apply for a new account with us or to update signatories, please choose the relevant application form below:
Note: you will need Adobe Reader to view and print these forms.
Breaking a Term Investment
As a result of new regulatory changes which will take effect from 1st January 2018, the AIDF will now require customers to give 31 days notice when breaking a Term Investment during the agreed term, before they can access the funds.
Immediate access to funds under circumstances of hardship will be considered by the AIDF in accordance with our Early Access to Funds policy which can be found below.