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The Catholic Development Fund is not subject to the normal requirements to have a prospectus and trust deed under the Corporations Law and the CDF has not been examined or approved by the Australian Securities and Investment Commission.
This is because an investment with the CDF is designed for those persons who wish to promote the educational and other activities of the Catholic community and for whom the considerations of profit are not of primary relevance in their investment decision.
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 Bishops' Conference.
In essence, this means that your deposit, investment and any interest payable are guaranteed by the Catholic Archdiocese of Melbourne.
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