About Anglican Savings and Development Fund (ASDF)

The ASDF was established in 1979 with the goal of funding the charitable purposes of Newcastle Anglican. Over the years, it has helped the Diocese to support parish aid, youth work, education, provision of chaplaincies, ordination training, and new ministry.

The aim of the ASDF is to:

  • Provide a regular, consistent income to support the mission of Newcastle Anglican.
  • Provide individuals, parishes, and Anglican entities with a range of investment products and services which meet their investment and operational needs.
  • Maintain the health and sustainability of the fund, whilst complying with regulatory requirements.

Helping to support the mission, education and charitable works of the Anglican Community.

Anglican Savings and Development Fund

ASDF For Investors

The ASDF is designed for investors wishing to support Newcastle Anglican in its mission whilst also receiving a financial return. The ASDF product offerings add value while reducing bank or building society costs.

Our investors receive competitive interest rates with all funds invested according to the ethical guidelines of the Anglican Church of Australia. Funds are also used to support loans made to Parishes and Anglican-affiliated organisations at favourable interest rates.

Your investment helps us support the missional initiatives of the Diocese and provides a valuable contribution to our Anglican community.

Ethical Investing

The ASDF invests within the ethical guidelines of the Anglican Church of Australia. In examining investments, the ASDF avoids investing in companies substantially involved in the following activities:

  • Manufacturing or sale of armaments
  • Manufacturing or sale of gambling
  • Encouraging repressive regimes
  • Unfairly exploiting employees
  • Unfairly exploiting disadvantaged people
  • Manufacture, selling or supplying tobacco related products or other products and practices that damage the health of human beings
Governance

The ASDF is governed by the Anglican Savings and Development Fund Ordinance 1979 (as amended) under the direction of the Board of the Newcastle Anglican Corporation. A list of the current Board members can be found here.

Privacy

The Privacy Amendment (Enhancing Privacy Protection) Act 2012 which commenced on 12 March 2014 introduced many significant changes to the Privacy Act 1988. These changes are designed to protect your rights with respect to personal information held by the Anglican Savings and Development Fund.

The ASDF records names, addresses, dates of birth, contact details, bank account details, financial transactions and balances of accounts held with the ASDF. All your personal information is kept secure. 

The ASDF realises the importance of privacy to members and as such does not release any information of records stored to a third party for their use without the account holders’ authority unless required to do so by law.

The ASDF understands and appreciates the concerns account holders have regarding the privacy, confidentiality, and security of information obtained from you. To ensure complete privacy, The ASDF has adopted the Information Privacy Principles as contained in the Act. A copy of the principles may be viewed at the Office of the Federal Privacy Commissioner at www.oaic.gov.au.

Please contact the Manager of the ASDF if you have any privacy concerns by calling the Diocesan office at 1800 733 553

Disclosure and Advice to Investors

The ASDF is a Religious Charitable Development Fund (RCDF) established to benefit the members of Newcastle Anglican.

As an RCDF we are offered some exemptions which enable us to carry on our business in the form of a central treasury operation without the regulatory burdens that are imposed on deposit-taking institutions in the commercial market.

The ASDF is not prudentially supervised by the Australian Prudential Regulation Authority (APRA). Therefore, an investor in the ASDF will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959.

Investments in the ASDF are intended to be a means for investors to support the charitable purposes of the Fund.

Neither the Trustees of Church Property, the ASDF nor its products nor its promotional material and offer documents have been examined or approved by the Australian Securities and Investment Commission (ASIC).

By law, ASIC requires that all RCDFs, such as the ASDF, advise that investors may be unable to get some or all of their money back when the investor expects it or at all, and the investment is not comparable to investments with banks, finance companies or fund managers.
To view our Disclosure Document click here.

Parishes, Schools and Affiliated Organisations

As an Anglican parish, school, and affiliated organisation, you have access to a full range of ASDF deposit, loan, and investment products. 

These products can be tailored to meet the individual needs of a parish, school, or affiliated organisation. To find out more about these products and services, please contact the ASDF.

Account Types

Savings/Cheque Account

The Savings/Cheque Account is a flexible savings account, which pays a regular monthly income. It can be opened with a minimum investment of $100 and can be added to at any time.

Key Features

  • Interest is calculated daily and paid Bi-Annually
  • Designed to be used as your daily transaction account, funds can be moved via EFT, BPAY or online transfer.
  • No entry, exit, transaction* or account keeping fees, nor any government charges.
  • Regular savings facility (direct debit deduction) is available.
  • Business grade Online Access is available.

* Cheque book fees apply

Term Investment Account

The Term Investment Account provides investors with a guaranteed rate of return for a fixed term.

It can be opened with a minimum investment of $1,000 and can be added to at the completion of the term. Interest can be reinvested or paid to a nominated account. Funds are capital guaranteed by the Anglican Diocese of Adelaide.

Key features

  • A choice of terms.
  • Competitive interest rates.
  • No entry, exit, transaction or account keeping fees, nor any government charges.
  • Online Access is available
Current Interest Rates

Savings Account:

Cheque Accounts0.10%  p.a
Access Accounts0.10% p.a
Temporary Trusts0.10% p.a

Interest paid 6 monthly. Minimum deposit is $100.

Term Investment Accounts:

3 Months2.67% p.a.
6 Months3.26% p.a.
9 Months3.46% p.a.
12 Months3.64% p.a
24 Months3.77% p.a

Interest paid at maturity. Minimum deposit is $1,000.

Loan Acounts:

Parish Reference Rate5.683% p.a.
Business Reference Rate6.683% p.a.

** All interest rates are current as at 01 January 2023 and are subject to change.

ASDF Online

ASDF Online provides online access to account information.

With ASDF Online, customers can:

  • Transfer funds between their ASDF accounts and to other financial institutions
  • Pay bills using BPAY
  • Receive secure SMS one-time passwords when making payments for added security
  • Utilise multiple signature capabilities for parish account signatories
Planned Electronic Parish Giving

Planned Electronic Parish Giving enables parishioners to make regular contributions directly to their parish by means of automatic direct debit. It offers the following benefits:

  • Offers convenience and service to your parishioners
  • Improves regularity and efficiency of collecting offerings
  • Eliminates the need for cash
  • Allows for regular contributions even if parishioners are unable to regularly attend worship
  • Provides your parish with regular income and cash flow

To get started, you only need to fill out the Planned Electronic Parish Giving Direct Debit Request Form.

Monthly Parish Direct Debit

Set up an automatic direct debit to transfer your monthly payment to the Diocese account each month.

Simply complete the Monthly Parish Transfer Request Form and return it to the ASDF.

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