The Catholic Development Fund is not required to provide a prospectus or product disclosure statement or to hold a financial services licence under the Corporations Act 2001, nor has it been examined or approved by the Australian Securities and Investments Commission. Investments with the Catholic Development Fund are intended to be a means for investors to support its charitable, religious, and educational purposes as an alternative to investments with banks and other commercial financial institutions.
The Catholic Development Fund is not prudentially supervised by the Australian Prudential Regulation Authority. Investments with the Catholic Development Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions of the Banking Act 1959, but are guaranteed by CDPF Limited, a company established by the Australian Catholic Bishops Conference for this purpose. The Catholic Archdiocese of Adelaide indemnifies the Catholic Development Fund against any liability arising out of a claim by investors in the Catholic Development Fund through CDPF Limited.