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Interest Rate Update – July 2019

As was widely reported, the Reserve Bank of Australia recently lowered the official interest rate. The AIDF Board has approved adjustments to our rates to pass this onto all our clients. Updated interest rates for AIDF Lending and Investment rates are available here. This adjustment will apply from the 1 July 2019. The AIDF rates remain […]

New STEM Building for TRAC

The Riverina Anglican College (TRAC) is a Diocesan co-educational secondary school located in Wagga Wagga in southern New South Wales. The College offers an affordable education emphasising academic, cultural and sporting excellence and growth in Christian values. The College commenced operating in January 1999 and over the last 20 years the College has grown significantly […]

2017 Annual Report

The AIDF is pleased to provide our Annual Report for 2017. The AIDF’s history of strength and success has continued for 2017. A summary of the results are as follows:     1)         Operating surplus of $984,511 (2016: $652,188 – 9 months)     2)         Reserves increased to $8,829,454 (2016: $8,194,943)     3)        […]

January 2017 Update

The Anglican Investment & Development Fund (AIDF) was established in 1967 and this year we celebrate our 50 anniversary. Further details will be provided over 2017 to recognise the tremendous support of our investors and those who have committed so much in the development, oversight and success of the AIDF. The AIDF has operated successfully […]

Statutory Compliance Update – 2017

As you are aware the AIDF provided a commentary on its statutory compliance in its 2016 report to Synod. The report noted the possible changes to the regulatory environment being proposed by APRA and ASIC. This article provides an update with the latest information. Australian Charities and Not-for-Profits Commission (ACNC)The AIDF is a registered charity […]

Financial Statements

I am delighted to publish the Anglican Investment and Development Fund’s (AIDF) 2016 financial statements. The audited financial statements for the year ended 31 March 2016 are available here. The financial highlights for 2016 and 2015 are:   2016 2015 Net interest revenue $2,951.800 $2,440,204 Operating revenue $3,049,345 $2,440,204 Operating expenses $2,038,807 $1,146,085 Net profit $1,010,538 $1,572,238 […]

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