About Us

WHAT WE ARE ABOUT

CHARTER

“ To provide a stable source of long term finance at affordable rates of interest, for Catholic parishes and institutions of the Lismore Diocese and to provide a stable stated return to investors.”

The Diocesan Investment Fund – DIF – is a financial work of the Diocese of Lismore. We were established in 1964 and have a long and proud history of supporting development projects within the Catholic community.

Individuals and institutions by making an investment in the Fund receive a competitive rate of interest, free of any charges. Investors’ funds are used by the DIF to make loans to enable parish and diocesan development projects to be completed at low costs. Also the DIF’s surplus is used to help fund the pastoral works of the Diocese. Investors can be proud that their funds are being used to support Catholic education, health, aged care and other pastoral works of the Church.

Some recent development projects that have been funded by the DIF are:

* Mt St Patricks College Multipurpose Hall Murwillumbah
* St Pauls College Kempsey
* Xavier Catholic College Ballina
* Mc Auley Catholic College Grafton
* Parish Centre Tweed Heads
* Youth Centre Port Macquarie
* St Joseph’s Regional College Port Macquarie

SECURITY OF YOUR INVESTMENT

All investments with the DIF are secured by the assets of the Diocese and guaranteed by the Bishop, Gregory Homeming, Bishop of Lismore. The fund has been established for over 50 years. The Fund only lends for Church related projects. The fund is audited annually and the most recent annual report is available here.

The Diocesan Investment Fund (DIF) is not subject to the provisions of the Corporations Act 2001 nor has it been examined or approved by the Australian Securities and Investments Commission. Deposits with the DIF are guaranteed by CDPF Limited, a company established by the Australian Catholic Bishops Conference for this purpose. We welcome your investment with the DIF rather than with a profit oriented commercial organisation as a conscious commitment by you to support the Charitable, Religious and Educational works of the Catholic Church. Neither the DIF nor the Trustees of the Roman Catholic Church for the Diocese of Lismore are prudentially supervised by the Australian Prudential Authority; contributions to the DIF do not obtain the benefit of the depositor protection provisions of the Banking Act 1959. The DIF is designed for investors who wish to promote the charitable purposes of the DIF.

PRIVACY POLICY

The Diocesan Investment Fund (DIF) is committed to providing you with quality service including respecting the privacy of your personal information.
We adopt the principles set out in the Privacy Act 1988(Cth) and the Privacy Amendment (Enhancing Privacy Protection) Act 2012(Cth) which came into effect on 12 March 2014. We are committed to protecting personal information we may hold at any time in respect of any individual in accordance with these principles.

Personal Information

Personal information means information or an opinion about a reasonably identifiable individual. The DIF collects and stores your information, including personal and sensitive information, so that we may provide you with our level of service that we know you expect.
The DIF collects information from its investors – name, current mailing and residential addresses, telephone numbers, date of birth, gender, tax file number, bank account details, ID details, details of specific transactions, the balance of your DIF accounts, and any other information that we require to satisfy our obligations under relevant legislation.

How the Fund uses Personal Information

Your personal information is only used to provide you with the services you’ve requested from the Fund. It will only be used for the purposes for which you tell the DIF that it can be used, or to contact you to respond to your needs or enquiries.
We may use your personal information to keep you informed about other products or services that may be of interest to you. We do not disclose your personal information to third parties for their marketing purposes.

Transfer of Information

We may disclose your personal information to:
* Any person where necessary in connection with the provision of our services, including to financial institutions;
* Government and regulatory authorities and other organisations as required by law:
* Our professional advisors, including our accountants, auditors and lawyers;
* Outsourced service providers including information and technology services;
* Your agents or your representatives with your consent.

Security

We take all reasonable steps to ensure the security of your personal information from misuse, loss and unauthorised access or disclosure, whether that information is in physical or electronic form. We use appropriate security measures, technology and internal procedures and access policies to protect your personal information.
You should be aware hat no data transmissions over the Internet can be guaranteed as fully secure. We do not have control over the transfer of personal information over the Internet and we cannot guarantee its security. You submit information over the Internet at your own risk.

Access to Personal Information

We take reasonable steps to ensure that your personal information is accurate, complete and up-to-date. You have a right to access your personal information at any time. You may also request that the Fund update your personal information if it is ever inaccurate or incomplete.
If any of your personal details are incorrect or you wish to have access to the personal information we hold about you, please contact us on 1800 802 516, email dif@lismore.catholic.org.au or by post to Diocesan Investment Fund, PO Box 482, Lismore NSW 22480.

Resolution of Privacy Concerns

If you have a complaint about our treatment of your privacy, please contact the Fund Manager using the contact details above. The Fund Manager will investigate your complaint and endeavour to resolve any issue to your satisfaction.

DISCLOSURE STATEMENT

The Diocesan Investment Fund (DIF) is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission. Therefore, an investor in the DIF will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). Investments in the DIF are intended to be a means for investors to support the charitable, religious and educational works of the Diocese of Lismore and for whom the consideration of profit are not of primary relevance in the investment decision. Furthermore, investors should be aware that neither the DIF nor the Trustees of the Roman Catholic Church for the Diocese of Lismore are subject to the normal requirements to have a disclosure statement or Product Disclosure Statement or be registered under the Corporations Act 2001 (Cth). CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the DIF against any liability arising out of a claim by investors in the DIF.

DIOCESAN FINANCE COUNCIL

The Diocesan Finance Council exists to assist the Bishop of Lismore in his role of steward and administrator of the temporal goods of the Diocese of Lismore. In performing its duties the Council seeks to ensure that the stewardship and administration of the temporal goods of the Diocese is in keeping with the spirit of the Gospel, the teaching of the Church and the provisions of the Code of Canon Law.

A function of the Diocesan Finance Council is to administer the Diocesan Investment Fund.

The full Council meets quarterly while the DIF committee meets in between, as and when required.

Current membership of the Diocesan Finance Council:

Mr Michael Shay, Chairman
Mr Mark Dougherty
Mr Dudley Kelso
Mr Peter Liddy
Mr Tony Simmon
Rev Fr Peter Slack, Vicar General
Rev Fr Paul Gooley

Current membership of the DIF committee

Mr Michael Shay
Mr Mark Dougherty
Rev Fr Peter Slack

ABOUT OUR DIOCESE

Diocese of Lismore - www.lismorediocese.org
Catholic Schools Office– www.lism.catholic.edu.au

The Trustees of the Roman Catholic Church for the Diocese of Lismore
AFSL 503537