Getting started

"Today's accomplishments were yesterday's possibilities." ~ Robert H Schuller

Open a CDF investment

Investing with CDF is investing with heart. You will be helping to support the mission activities of Churches of Christ in Queensland. These activities support individuals and communities to connect by providing a range of missional and outreach services wherever there is a need. We are not about the money, but your investment will go a long way to helping people with limited funds, provide support and community connection.

To open a CDF investment we require you to complete the relevant application form, provide identification, read the fine print and make arrangements for the funds to be credited into your new investment.

Please select the appropriate form for your investment.

Identification documentation 
A clear certified copy of your driver's licence (both sides) or passport is required. If neither of these documents are an option, please refer to this form.

Funds
The initial funding can be sent by cheque made payable to Centenary Development Foundation, or alternatively CDF can debit your external savings or cheque account. A Direct Debit Request (DDR) form must be completed for you to take advantage of this option. Contact the office should you wish to transfer the funds electronically.

Please mail the documents to:
Churches of Christ in Queensland
Centenary Development Foundation
Reply Paid 469
Kenmore QLD 4069

No postage stamp required if sent from within Australia. 

We encourage you to read the fine print.

Adding to your CDF investment

You can make credits via the following methods:
• EASY SAVE
• Internet banking
• Limited numbers of specially numbered books are available for in-branch deposits at NAB branches
• You can mail your cheques made payable to:  Centenary Development Foundation, Reply Paid 469, Kenmore QLD 4069

It’s important for you to ensure your credits/internet transfers are correctly referenced.

How to withdraw funds:

  • Phone your request to our office and we’ll transfer the funds to your linked bank account
  • Written signed withdrawal requests can be posted, faxed or attached to an email
  • Funds can be transferred to your bank account (not credit card accounts or BPay)
  • Timing of the release of funds will depend on the conditions of the investment type
  • Phone transfers are password protected
  • Written transfer requests are verified by the signatures/email addresses in our records

Easy Save

If you want to save regularly we can set up an automatic transfer of funds from your nominated linked bank account.  Simply set your savings goal amount, allocate the date and frequency of your credits.  We transfer funds from your linked account until you notify us. Linked accounts of this nature are set up on the completion of a Direct Debit Request (DDR) form.

CDF cannot take funds from an external savings or cheque account without a DDR Form for the external account.

The fine print

All investments will be administered by the Centenary Development Foundation (CDF) which operates as a ministry of Churches of Christ in Queensland (ABN 28 953 930 342) of 41 Brookfield Road, Kenmore, QLD, 4069.  

Churches of Christ in Queensland is a body corporate pursuant to the grant of letters patent issued under the Religious, Educational and Charitable Institutions Acts 1861 to 1959 (QLD).  

Churches of Christ in Queensland is not licensed to provide financial product advice in relation to the investments mentioned on this website.  This website contains factual information about the CDF products mentioned on this website.  It is not intended to provide any advice to potential investors but, to the extent that it does, such advice is general advice only and has not taken into account the potential investor’s specific relevant personal circumstances including their objectives, financial situation or needs.  No cooling-off period applies to the issue of the investments mentioned on this website.

Centenary Development Foundation (CDF) is a religious charitable development fund that operates under an exemption to the Banking Act 1959 (for current exemption see the Australian Prudential Regulation Authority (APRA) website).

This scheme has not been examined or approved by ASIC and investments in the fund are intended to be a means for investors to support the charitable work of Churches of Christ in Queensland, and for whom the considerations of profit are not of primary relevance in their investment decisions.  

Neither Churches of Christ in Queensland nor CDF are prudentially supervised by APRA.

An investor in the fund will not receive the benefit of the financial claims scheme nor the depositor protection provisions in the Banking Act 1959.

Investments are not specifically secured but repayment is underwritten by the overall funds and assets of Churches of Christ in Queensland.

Churches of Christ in Queensland, CDF undertakes to repay investments upon request, subject to our Terms and Conditions.

Frequently asked questions

How do I invest in CDF?

In trying to keep it simple but maintaining legislative compliance, please do the following:

•    Read the fine print
•    Complete the investment application form relevant to your client type
•    Provide the verification documentation required
•    Decide how you would like to make the initial credit

More detailed information available on the ‘getting started’ page or by contacting the office.

How safe is money invested with CDF?

Repayment of investments with CDF is underwritten by the overall funds and assets of Churches of Christ in Queensland. CDF currently manages in excess of $65 million in funds and has a blemish-free record with investor funds. Even though the funds are not specifically secured, repayment is underwritten by the overall funds and assets of Churches of Christ in Queensland.

What is EASY SAVE?

We can direct debit funds from your nominated bank account to your CDF investment at regular intervals, or you can telephone us by 3pm Monday to Friday and we will electronically transfer funds from your linked account to your CDF investment overnight.

EASY SAVE transfers are password protected.

 

 

How do I add funds into my CDF investment?

There are a number of ways, such as:

  • Transfer via your Internet Banking. Contact our staff for bank details and reference requirements. The transfer is into CDF’s general bank account. Therefore, it's really important to reference the transaction correctly to enable staff to identify that the funds belong to you and to which investment you would like them allocated.
  • Phone your request to our office by 3pm, and we'll transfer the funds from your linked account*. Phone transactions are password protected. *A signed Direct Debit Request form is required before transfers can be made from your savings or cheque account to a CDF investment. CDF cannot take funds from an external savings or cheque account without a DDR Form for the external account.
  • Via EASY SAVE.
  • Post a cheque made payable to ‘Centenary Development Foundation’ with credit instructions. Credit form available here.
  • Over the counter at the National Australia Bank. Contact our staff for bank details and reference requirements. The transfer is into CDF’s general bank account. Therefore, it's really important to reference the transaction correctly to enable staff to identify that the funds belong to you and to which investment you would like them allocated. There are also a number of National Australia Bank deposit books available from the CDF office which have an agent number for referencing into your CDF investment.

 

How do I make a withdrawal?

You can withdraw money by phone, email, post or fax.

  • Phone or email your request to our office.  These requests are only to linked accounts.
  • Written signed withdrawal requests can be posted, faxed or attached to an email.
  • Password, email address or signatures are verified before any instructions are actioned.

Any electronic transfers to your linked account are cleared funds ready for you to access as soon as they are in your account.  This is first thing the day after the transfer occurs

Withdrawals are restricted depending on the investment type. For N31 investments, the withdrawal will occur 31 days after your request has been received. For Fixed Term investments, the withdrawal will occur on the day of maturity.

For Churches of Christ churches and affiliates including paid staff with At Call investments, the withdrawal will occur on the same day, if received before 3pm.  If received after 3pm, the transfer will occur on the next business day.

You may make your request any time in advance.

 

Why do I need to provide identification to open an investment account?

Just as you need to supply identification to open a bank or building society account, CDF is also required to collect this information due to the Anti-Money Laundering/Counter Terrorism Financing Act 2006.

 

What happens if I need to break my fixed term investment?

You may request an early redemption of your Fixed Term Investment before the term has ended by giving 31 days' notice.

Early withdrawal of funds incurs a penalty to the interest paid. See Fixed Term Investment information sheet.

 

What if I need my funds returned to me urgently?

If the funds are needed urgently, then you may submit a written request if waiting the 31 days would cause you hardship.

Your application will be assessed according to our Hardship Policy.

Early withdrawal of funds incurs a penalty to the interest paid.

 

What happens to the funds when an investment holder dies?

CDF does not keep any of the funds. The funds either form part of the estate or in the case of joint CDF investments, remain in a CDF investment in the name of the surviving spouse.

For Funeral Assistance Plans, funds are paid directly to the funeral home upon receipt of an invoice and notice of death certificate.  Any funds left over form part of the estate.  Please contact the office for more information.

 

Can I scan and email the forms back to CDF?

We do require the originals of any certified copies requested, however you may scan and email other forms and requests. All emails sent to CDF will be acknowledged.