CDF Ballarat Merger Announcement
November 17, 2023

The Ballarat Catholic Development Fund (BCDF) and the Melbourne, Sale and Bunbury Catholic Development Fund (CDF) are pleased to announce that they have entered into a binding agreement to merge the two Funds. This comes after an extensive due diligence process, with the merger expected to take effect on 1 January 2024.


Both Funds have a 50+ year history of working together and sharing resources to offer customers in the respective Dioceses strong and competitive financial solutions. This merger will assist in delivering greater benefits to customers across one, larger Fund.


In recent years, mergers with Bunbury and Sale CDFs, have proven successful in delivering a range of additional benefits to their local communities. The expanded CDF will continue to meet local demands whilst maintaining a prudentially sound and sustainable Fund into the future and continue to make a positive impact toward delivering on the collective mission of the Church.


The Bishops of the Dioceses, together with the respective Boards and Executive Teams look forward to the new partnership and the potential it has to add value for customers and communities across the Diocese of Ballarat, Diocese of Bunbury, Archdiocese of Melbourne and Diocese of Sale. 

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CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the Catholic Development Fund ABN 15 274 943 760 (the Fund) against any liability arising out of a claim by investors in the Fund. In practice, this means your investment is backed by the assets of the Catholic Archdiocese of Melbourne. The Fund is required by law to make the following disclosure. Investment in the Fund is only intended to attract investors whose primary purpose for making their investment is to support the charitable purposes of the Fund. Investors’ funds will be used to generate a return to the Fund that will be applied to further the charitable works of the Archdiocese of Melbourne and the Dioceses of Sale and Bunbury. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission (ASIC). An investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). The investments that the Fund offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by ASIC. Investors may be unable to get some or all of their money back when the investor expects or at all and investments in the Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed here or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.